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LCX and System9 Sign Market Making Agreement

VADUZ, Liechtenstein and LOS ANGELES, USA – LCX announces a new partnership with System9. System9 and LCX have signed a memorandum of understanding and agreed on a long-term strategic partnership.

Traditional stock exchanges have made it mandatory for every listed company to hire market makers and deploy market-making activities to improve market quality. Market making helps investors find the bid and ask quotes in the financial instruments at all times and at adequate prices. The same principles are now being applied to the trading of utility tokens and other digital assets at cryptocurrency exchanges. 

LCX and System9 have agreed to a partnership to roll-out market-making, increase user growth and joint product development. 

Benefits of this partnership include:

  • Market Making: The purpose of the market making is to provide a superior trading experience of the LCX utility token by enhancing market quality across multiple exchanges in the form of tighter markets and deeper liquidity. 
  • User Growth and Adoption: Deploying AI-driven algorithmic trading methods to enable potential LCX users to easily purchase LCX Token at third party exchanges with the aim to use these tokens for LCX services within the LCX ecosystem. The market-making will offer assured liquidity which will encourage new users to buy the LCX utility token and eventually pay fees at the LCX platform.
  • Product Development: Research and development to create new products and services. Working closely together to develop several smart algorithmic trading solutions to be implemented at LCX Terminal, LCX’s smart trading and portfolio management solution.

System9 is a quantitative trading company co-founded by Peter Sokolow. Peter Sokolow was the youngest member of the Chicago Mercantile Exchange (CME) at the age of 21 where he worked for over 15 years. Now, he is applying successful trading strategies based on AI-enhanced quant-algorithms and over 20 years of trading experience.

About System9:
System9 is a quantitative trading company, making the next generation of tools for digital currencies and beyond. Headquartered at Los Angeles USA, System9 is a market maker for digital assets combining decades of trading expertise with cutting edge proprietary technology. System9 leverages the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today’s cryptocurrency markets.

About LCX: 
LCX, the Liechtenstein Cryptoassets Exchange, is a global fintech company that provides a range of products and services for the token economy in a regulated and compliant manner. Founded in 2018, the firm is headquartered in Vaduz Liechtenstein and maintains offices in Switzerland and India. 

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