QFEX is a global, 24/7 trading exchange offering brokerless access to US equities, commodities, and foreign exchange (FX), with the ability to trade using leverage of up to 100x. QFEX distinguishes itself as the only platform enabling around-the-clock trading of traditional financial assets, providing seamless integration with payment rails and offering Perpetual Futures across all major asset classes.
How does QFEX work?
QFEX operates as a fully brokerless exchange, meaning users can access markets directly without intermediaries or delays. The platform emphasizes user experience, allowing traders to buy and sell US equities, commodities, and FX pairs at any time, regardless of market hours. QFEX's infrastructure offers ultra-efficient execution and settlement, leveraging technology typically found in the crypto sector but applied to traditional assets.
A key innovation from QFEX is the introduction of Perpetual Futures contracts for stocks, commodities, and FX. These instruments allow for continuous, leveraged trading without expirations, making it possible to maintain positions and manage risk easily. The platform is designed to be accessible, fair, and cost-effective, lowering barriers for both retail and professional traders.
Who uses QFEX?
QFEX serves a diverse user base, including individual traders, institutional investors, and professional market participants seeking flexible, real-time access to a broad range of asset classes. The platform's combination of leverage, 24/7 access, and brokerless trading appeals especially to:
- Active traders looking for continuous market opportunities
- Investors seeking exposure to US equities, commodities, and FX outside traditional market hours
- Users seeking advanced trading tools such as Perpetual Futures and high leverage
What makes QFEX different?
QFEX stands out by being the only exchange to offer:
- 24/7 access to US equities, commodities, and FX
- Brokerless, direct-to-exchange trading
- Seamless integration with traditional payment systems
- Perpetual Futures contracts across asset classes
- Leverage options up to 100x
These features enable users to trade more flexibly, efficiently, and at potentially lower cost compared to traditional exchanges or brokerages.
Leadership Team
QFEX was founded by Annanay Kapila (Founder and CEO) and Joshua Wharton (Founder and CTO), both of whom have experience at leading quantitative trading firms such as Citadel and Tower Research. Robert Blyth serves as Chief Operating Officer. The founders spent a year researching why always-on, real-time trading is possible in crypto but not in traditional finance, which led to the creation of QFEX. The company is backed by Y Combinator, with Group Partners including Tom Blomfield, Pete Koomen, and Garry Tan providing additional support and guidance.
Where is QFEX based and how big is the team?
QFEX is headquartered in London, United Kingdom, and currently operates with a small, focused team of 5 employees.
Recent Developments at QFEX
QFEX remains active in expanding its team and platform capabilities. Recent job postings in London include roles for a Founding Backend Engineer, Money Laundering Reporting Officer (MLRO), and Lead UI/UX Designer. The company continues to update its product and share news via its blog.
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