Difference between revisions of "Omniex"

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Omniex was created in order to fill the need for a more extensive market infrastructure for trading [[cryptocurrency]]. The founders of Omniex believe this need exists because the cryptocurrency ecosystem is currently based on a scattered collection of exchanges and OTC markets, making it highly difficult for institutional investors to make enterprise-level investments.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2017-11-28/state-street-veterans-to-launch-cryptocurrency-trading-platform|name=State Street Veterans Launch Cryptocurrency Trading Platform|org=Bloomberg|date=June 7, 2018}}</ref><ref>{{cite web|url=https://omniex.io/faq/|name=FAQ|org=Omniex.io|date=June 7, 2018}}</ref>  
 
Omniex was created in order to fill the need for a more extensive market infrastructure for trading [[cryptocurrency]]. The founders of Omniex believe this need exists because the cryptocurrency ecosystem is currently based on a scattered collection of exchanges and OTC markets, making it highly difficult for institutional investors to make enterprise-level investments.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2017-11-28/state-street-veterans-to-launch-cryptocurrency-trading-platform|name=State Street Veterans Launch Cryptocurrency Trading Platform|org=Bloomberg|date=June 7, 2018}}</ref><ref>{{cite web|url=https://omniex.io/faq/|name=FAQ|org=Omniex.io|date=June 7, 2018}}</ref>  
  
The creators of Omniex hope to create an infrastructure [[platform]] to pool of the available liquidity on cryptocurrency asset exchanges by connecting them through the Omniex platform, which can be accessed through a common Web browser. The company also aims to design the hardware and software that will be necessary to integrate with the existing systems used by investment institutions. Their target customers include traditional asset management firms and other institutional investors.<ref>{{cite web|url=https://omniex.io/faq/|name=FAQ|org=Omniex.io|date=June 7, 2018}}</ref>
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The creators of Omniex hope to create an infrastructure [[platform]] to pool the available liquidity on cryptocurrency asset exchanges by connecting them through the Omniex platform, which can be accessed through a common Web browser. The company also aims to design the hardware and software that will be necessary to integrate with the existing systems used by investment institutions. Their target customers include traditional asset management firms and other institutional investors.<ref>{{cite web|url=https://omniex.io/faq/|name=FAQ|org=Omniex.io|date=June 7, 2018}}</ref>
  
 
In February 2019, Omniex won the inaugural award for Best Crypto Trading Platform at the Fund Technology and WSL Awards. Omniex was specifically recognized for Omniex Edge, its platform built for institutions seeking initial exposure to cryptoassets.<ref>{{cite web|url=https://www.prnewswire.com/news-releases/omniex-wins-best-crypto-trading-platform-in-2019-fund-technology-and-wsl-awards-300791698.html|name=Omniex Wins Best Crypto Trading Platform in 2019 Fund Technology and WSL Awards|org=Omniex.io|date=April 8, 2019}}</ref>
 
In February 2019, Omniex won the inaugural award for Best Crypto Trading Platform at the Fund Technology and WSL Awards. Omniex was specifically recognized for Omniex Edge, its platform built for institutions seeking initial exposure to cryptoassets.<ref>{{cite web|url=https://www.prnewswire.com/news-releases/omniex-wins-best-crypto-trading-platform-in-2019-fund-technology-and-wsl-awards-300791698.html|name=Omniex Wins Best Crypto Trading Platform in 2019 Fund Technology and WSL Awards|org=Omniex.io|date=April 8, 2019}}</ref>

Latest revision as of 14:07, 29 August 2019

Omniex Holdings, Inc.
Omniex.jpg
Founded 2017
Headquarters Palo Alto, CA
Key People Hu Liang, co-founder, CEO; Kamal Mokeddem, co-founder, CTO; John Burnett, co-founder, Head of BD and Strategy
Employees 5-10
Products Omniex institutional trading platform
Twitter @OmniexInc
LinkedIn Profile
Website Omniex.io

Omniex Holdings, Inc. is a fintech company that develops software for institutional trading, specializing in digital assets.[1]

Overview

According to the company's co-founder Hu Liang, many institutions have transitioned from seeking to utilize blockchain technology to benefit their businesses to seeking to capitalize off of cryptocurrency assets themselves.[2]

Omniex was created in order to fill the need for a more extensive market infrastructure for trading cryptocurrency. The founders of Omniex believe this need exists because the cryptocurrency ecosystem is currently based on a scattered collection of exchanges and OTC markets, making it highly difficult for institutional investors to make enterprise-level investments.[3][4]

The creators of Omniex hope to create an infrastructure platform to pool the available liquidity on cryptocurrency asset exchanges by connecting them through the Omniex platform, which can be accessed through a common Web browser. The company also aims to design the hardware and software that will be necessary to integrate with the existing systems used by investment institutions. Their target customers include traditional asset management firms and other institutional investors.[5]

In February 2019, Omniex won the inaugural award for Best Crypto Trading Platform at the Fund Technology and WSL Awards. Omniex was specifically recognized for Omniex Edge, its platform built for institutions seeking initial exposure to cryptoassets.[6]

Background

Omniex was founded in 2017 by Hu Liang, former SVP of State Street Bank and founder of its Emerging Technologies Center, and John Burnett, former managing director at State Street Bank within the Emerging Technologies Center. They were later joined by Kamal Mokeddem, former head of quantitative trading and research for Crabel Capital Management, who currently works as the company's head of technology. Mokeddem was an early investor in both bitcoin and ethereum.[7][8]

The California-based company raised $5 million in seed funding.[9] Its early investors include Wicklow Capital, Sierra Ventures, and the Digital Currency Group.[10]

In August 2018, Omniex announced that former SEC chairman Arthur Levitt and former FDIC chair Sheila Bair had joined its board of advisors. The company also announced that it had hired Maartje Bus, the former head of capital markets at Thomson Reuters, as its director of strategic partnerships, and Tom Eidt, former head of KCG Holdings, as chief compliance officer.[11]

In October 2018, Omniex announced that it had partnered with Gemini.[12]

In March 2019, Omniex partnered with IT firm IPC, causing the users of IPC's Connexus Cloud to be linked up with Omniex's platform.[13]

Key People

  • Hu Liang - Co-founder, CEO
  • Kamal Mokeddem - Co-founder, CTO
  • John Burnett - Co-founder, Head of BD and Strategy

John Lothian News

Omniex was highlighted in a recap of Consensus 2018 by contributing editor Chuck Mackie. You can read the article here.

References