Architect Financial Technologies Inc. (“Architect”) and Apex Fintech Solutions (“Apex”), announced the signing of a memorandum of understanding (“MOU”). The agreement outlines a plan to enable Apex’s correspondent brokerage firms to offer their customers futures, options, perpetual futures, and related derivatives listed on Architect’s U.S. derivatives exchange, the American Innovation Exchange (“AI Exchange”).
Under the terms of the MOU, participating Apex correspondent firms can access eligible AI Exchange products through Apex’s derivatives infrastructure. Architect plans to provide its APIs, SDKs, FIX connectivity, technical documentation, and engineering support for the integration. Architect’s AI Exchange develops novel US-listed derivatives in compute and AI supply chain commodities, and the planned alliance aims to provide Apex’s client base of over 42+ million end customers seamless trading access to these growing markets.
Additionally, Architect and Apex intend to collaborate on the design and listing of new exchange-traded derivatives based on demand identified across Apex’s wide-ranging brokerage network.
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Brett Harrison, Founder and Chief Executive Officer of Architect, commented on the planned integration, “Distribution is one of the central challenges in bringing a new derivatives market to scale. Apex provides a common infrastructure layer for a vast network of over 200 brokerage firms. It’s a privilege to work with the pioneer of digital, API-driven custody and clearing to bring compute futures and novel contract design to US markets.”
“It’s our job to handle the complex plumbing connecting financial markets so that our clients don’t have to,” said Travis McGhee, Global Head of Digital Markets at Apex Fintech Solutions.
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