{"id":21087,"date":"2018-10-29T21:44:36","date_gmt":"2018-10-29T21:44:36","guid":{"rendered":"http:\/\/ci027cfe6490162697"},"modified":"2018-10-29T21:44:36","modified_gmt":"2018-10-29T21:44:36","slug":"thomson-reuters-partners-startup-next-level-derivatives-exchange","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/thomson-reuters-partners-startup-next-level-derivatives-exchange","title":{"rendered":"Thomson Reuters Partners With Startup for Next Level Derivatives Exchange"},"content":{"rendered":"
<\/div>
<\/figure>\n

Thomson Reuters (TR<\/a>) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). The company has now expanded its scope and entered into the realm of blockchain technology and artificial intelligence (A.I.).<\/p>\n

Last month, the peer-to-peer (P2P) blockchain startup Level01 announced<\/a> its collaboration with TR in order to create a \u201cderivatives\u201d exchange that would change how parties interact with one another, without the fear of losing funds to unknown third parties.<\/p>\n

Level01\u2019s proprietary platform, a peer-to-peer (P2P) derivatives exchange, allows<\/a> investors to trade options contracts directly with one another, without requiring an intermediary or broker.<\/p>\n

A \u201cderivative<\/a>\u201d is a financial security that holds a value reliant upon or derived from an underlying asset or group of assets. An \u201cexchange traded derivative<\/a>\u201d is a financial instrument that trades on a regulated exchange and whose value is based on the value of another asset. <\/p>\n

In the world of blockchain, making it a decentralized peer-to-peer platform changes the game.<\/p>\n

\u201cAt its beginning stages, we were looking at both Bloomberg and TR,\u201d Jonathan Loi, the CEO of Level01, told Bitcoin Magazine<\/em>.<\/p>\n

\u201cFrom our perspective, TR proved to be a more competent and receptive company because the individuals we were in collaboration with went the extra mile to ensure things were done moving forward.\u201d<\/p>\n

How Does It Work?<\/h3>\n

Combining distributed ledger technology (DLT) for transparent and automated trade settlement on the blockchain with A.I. analytics provides fair value pricing to counterparties that is based on current and retrospective market data. <\/p>\n

Consumers and investors, however, are constantly at war with fund deposits\/withdrawals, multiple tier-identity verifications and wallet security. <\/p>\n

By implementing this new platform in collaboration with TR, Level01 hopes to remove this friction and allow investors to focus fully on their trading activities.<\/p>\n

\u201cLevel01 utilizes TR\u2019s data feeds as a trusted source for its A.I. deep-learning algorithms, providing real-time pricing analytics on derivative contracts,\u201d Charles Wong, the chief marketing officer of Level01, explained to Bitcoin Magazine<\/em>. \u201cAdditionally, the data is also used to ensure transparent, timely and accurate settlement of derivative contracts upon contract maturity.\u201d<\/p>\n

\u201cWe have painstakingly designed a UI that caters for both simple and advanced users. More importantly, new investors using Level01 are assured of the fairest market pricing: e.g. prices coming directly from main industry players like Thomson Reuters and open for all to view at \u2018interbank\u2019 rates. New investors are then able to make informed business decisions based on this real-time data, cognizant of sudden spikes or changes in the market.\u201d<\/p>\n

According to Thomson Reuters, this is more than just a collaboration with Level01.<\/p>\n

\u201cFundamentally, what we do is supply the non-core technology that helps connect Level01 to the market, plus fundamentally supplying the data that feeds into the machine,\u201d said Michael Go, Thomson Reuters\u2019 Asia Pacific head of trading markets.<\/p>\n

\u201cWe are the leader in this field and beyond this collaboration, we are taking in crypto-related information, platforms, and exchanges, while diving into blockchain technology.\u201d<\/p>\n

\u201cWhen we are talking about \u2018investors,\u2019 it\u2019s important to identify them as \u2018institutional investors,\u2019\u201d Loi emphasized. <\/p>\n

\u201cThese institutional investors that invest in larger amounts can assume roles of \u2018liquidity providers\u2019 within the platform. A function of the Level01 platform allows staking of the native token, Level01 Exchange (LVX), to host \u2018Trading Rooms\u2019 where the host earns commissions from providing the group trading functionality. Since these tokens are staked and cannot be used\/exchanged for long periods of time, this reinforces the pricing of the LVX token by reducing sell pressure from the markets.\u201d<\/p>\n

According to the company, Level01 has already begun its plans of launching the public beta version of the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last month, the peer-to-peer (P2P) blockchain startup Level01 announced its partnership with TR in order to create a \u201cderivatives\u201d exchange that would change how parties interact with one another, without the fear of losing funds to unknown third parties.<\/p>\n","protected":false},"author":3263,"featured_media":21088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[556,1436,3410,357,430,101,3489],"class_list":["post-21087","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-blockchain","tag-derivatives","tag-dlt","tag-exchanges","tag-investing","tag-p2p","tag-reuters"],"author_data":{"id":3263,"name":"Andrew Rossow","nicename":"andrew-rossow","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/cropped-bitcoin-schmitcoin-promo-image-1-2-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/thomson-reuters-partners-with-startup-for-next-level-derivatives-exchange.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/21087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3263"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=21087"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/21087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/21088"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=21087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=21087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=21087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}