Perseus Telecom has launched Bitcoin trading system on the ATLAS ATS digital currency exchange platform in New York, Hong Kong and Singapore.
The new system is a globally integrated bitcoin exchange system and claimed to assist trading digital currency by high-frequency trading firms as well as other large financial institutions.
The exchange platform is developed in collaboration between the companies, wherein ATLAS ATS is an exchange platform and Perseus acts as a Network Service Provider (NSP) through its high precision network of fibre and microwave access.
Perseus has also created a subsidiary called the Digital Currency Initiative (dci), which will provide access to its network with connection to exchanges, risk technology providers and other market participants.
Perseus chief executive Jock Percy said the company offers high precision trading access in colocation centres worldwide and adding ATLAS ATS as a new and highly liquid platform is an immediate response to customers demanding Bitcoin trading.
"The Perseus Digital Currency Initiative is providing governance strictly supporting KYC (Know Your Customer) and AML (Anti-Money Laundering) principals," Percy added.
According to the company, the ATLAS ATS matching engine has a matching speed of 30µs, hack-proof multi-tiered architecture and offers complete offline omnibus account required for day-to day settlement and operations is online.
The new exchange system based on ATLAS ATS and powered by Perseus is said to be using open source industry standards for online/offline wallet technology in digital currencies along with the financial market standard FIX Protocol.
ATLAS ATS chief executive Shawn Sloves said selecting Perseus as the company’s global network partner allows its teams in New York, Hong Kong and Singapore to focus on maintaining first to market advantage with the FIX engine for digital currency trading.
"The ATLAS ATS team is comprised of financial technology veterans, including bespoke risk control expertise, which directly impacts our ability to mitigate issues throughout the entire eco-system of the Bitcoin trading cycle," Sloves added.
