ASMX IS A B2B ADVANCED TECHNOLOGY SOLUTION FOR TRADING PRIVATE AND CORPORATE DEBT WORLDWIDE.
By 2024 the P2P lending market in Europe is estimated to be worth £700 billion. This debt can be bought and sold between lenders, invested in by institutions and traded by brokers. There is, however, no single market that allows all of the different platforms, institutions and traders to buy and sell this debt, until now.
ASMX is a technology provider that utilises advanced technology to facilitate Peer-to-Peer buying and selling of private debt between lenders on the same platform (local trading) and separate platforms, internationally. This is a facility that is unique within the online lending industry and aims to bring liquidity where liquidity is thin or non-existent.
We are not issuing tokens and there are no crypto currencies involved in the operations of the system. We are not a P2P platform or involved in the agreements between parties. We are a technology platform provided to businesses only. We have funded the projected internally so far and we are now opening up share participation to fund the business beyond launch. The offer is now open as a private sale to qualified investors.
Below you can register your interest in becoming an integrated platform with ASMX. We are speaking with interested parties to become initial launch partners. You can receive initial information by registering below.
Initial roll out partners have originated £150 million+ in loans and £40 million+ traded on their secondary market
Fast settlement system with ultra-low fees will allow those on the network to lend internationally.
FIX Protocol Integration
ASMX has FIX integrated which will aid in brokers and institutions integrating legacy trading systems with ASMX.
ASMX will act as a technology platform for new and existing networks to be built upon or around.
ASMX is a technology platform that will connect the world of loan originators and online (P2P) lending platforms to a global community of lenders. Institutional grade technology will allow platforms to plug in and connect to liquidity providers across the world.
Initially the platform will be focused on intergrating P2P lending platforms but will be available for balance sheet lenders and other loan originators as a place where they will be able to tap into global liquidity.
At the heart of ASMX is an advanced technology solution which implements much more than a simple trading destination. It allows multi-platform connectivity, giving all P2P platforms the ability to have an advanced secondary market.
Traditional settlement systems are too expensive and inefficient to allow trading between platforms globally. ASMX incorporates a settlement system which settles the legalities of loans on a trusted immutable ledger for any size of trade from £1 to £1 million, which opens up massive trading opportunities and liquidity to an illiquid market. Cash settlement is automated between platforms throug integration with a global banking operation.
It is not just loans, ASMX provides instant post-trade matching and settlement of transactions of any asset class, with the transactions represented by the FIX protocol. FIX is widely used by both the buy side (institutions) as well as the sell side (brokers/dealers) of the financial markets and will give platforms integrated with ASMX the functionality to access to these users. This means that platforms can future-proof themselves with the ability, through ASMX, to trade and settle digital assets.
- Low-cost platform that P2P platforms can use as their secondary market.
- Digital ID – allowing approved lenders the ability to trade on any platform in the network without a loss of privacy
- Ultra-fast, ultra-cheap settlement
- Balance sheet lenders will be able to refinance loans through ASMX
- Platforms will be able to access a global customer base
- FIX protocol – The FIX protocol will allow connection to brokers and institutions through their existing trading software.
TECHNOLOGY, INVESTMENT AND PLATFORM PARTNERS
At the core of ASMX is the purpose of connecting lending communities throughout the world. P2P platforms and online lending business will be able to integrate with ASMX to create a global lending community.
Having built a sucessful P2P platform ourselves, we know the challenges;
- Lender aquisition
ASMX connects lender communities through the use of an exchange grade advanced technology solution. This gives your secondary market exposure and access to a global pool of lenders.
Example: A lender based in Australia, who is a member of a local integrated platform, will be able to visit that platform’s secondary market and buy loans being offered by local lenders on the same platform and by lenders in London, Singapore or wherever else a platform is integrated with ASMX.
- Loan liquidity
Liquidity in your secondary market is crucial. It allows lenders to rebalance their portfolios for risk management. It allows disgruntled lenders to exit loans if the terms of the loans change or it extends. Liquidity in your secondary market will attract more lenders to your primary market.
Example: A development loan is going to extend beyond the end of the period and you know this 2 months before the end of the term. With a liquid secondary market, such as ASMX, your lenders can sell their loan to those who are happy to take a longer term view. This gives your lenders many more options in various economic climates to manage the risk within their portfolio.
- Loan origination
When scaling a platform origination can become a challenge, basically you are managing the product you have available against the level of funding you have. ASMX will be allowing balance sheet lenders to offer product for refinancing over the platform. This will allow your lenders to invest in product when you may not have enough origination to fulfill their investing mneeds. This means you can scale your users, capture revenue from them investing in balance sheet loans and increase your own origination at the same time.
Example: You have taken on investment to increase marketing for lenders, but are taking time to grow your origination while bringing on new introducers and a development team. ASMX will list loans of other platforms in the secondary market which will give product for your lenders to invest in, but also balance sheet lenders will be listing loans for refinance creating revenue for your business. You will be able to concentrate on lender acquisition while you build your origination.
There is plenty of institutional money willing to invest over platforms, the problem is that many platforms are a) not geared up to manage the process of bringing platforms on board and b) do not have enough origination to be interesting for institutions who want to be able to deploy. Being integrated with ASMX will give access to the institutions who will be investing across the platform through our institutional partners Thameside Investment Group. They will assist in making your platform institution-ready and manage the process to getting institutional investment. Institutions will be able to deploy large amounts of funds over the ASMX network and diversify this across platforms.
Benefits to platforms are:
- Have an institutional grade secondary market for your platform loans
- Access a global community of lenders
- Select which loans are traded locally or internationally
- Have access to institutional investors on ASMX
- Access advisory services to build your platform.
- API auto lending strategies for your customers
- More inventory through balance sheet lenders
- Regulatory assistance for new products
- Access new markets for your customers through cooperation
- Reduce marketing costs
Small and Medium Enterprises (SMEs) play a major role in most economies, particularly in developing countries. According to World Bank estimates, 600 million jobs will be needed in the next 15 years to absorb the growing global workforce.
Overall, approximately 70% of all micro, small and medium-sized enterprises (MSMEs) in emerging markets lack access to credit. While the gap varies considerably region to region, the total credit gap for both formal and informal SMEs is as high as US$2.6 trillion
Much like the stock exchanges bring liquidity to the equities market, the ultimate goal of ASMX is to be able to connect the world of online lending on an international basis to provide liquidity to this massive sector.
By using ADVANCED, institutional grade technology, ASMX will connect existing lender communities. This will create a larger pool of lenders and liquidity providers who can access an international selection of loans, giving them the ability to trade bringing liquidity to markets and debt structures where little or no liquidity currently exists.
This will benefit all members of the ecosystem, from enhanced returns and diversification for lenders, to greater access to funds for businesses and asset holders.
Ablrate.com is the genesis node that will be the first roll out partner of ASMX. They have been lending for four years and are integrating ASMX to expand internationally. These are their real time stats updated from Ablrate
as at 30/09/18 figures were:
Primary Market: £41.2 million | Secondary Market: £24.9 Million)
Today these figures are:
ORIGINATED AND LOANED TO BUSINESSES – INCREASING MONTH ON MONTH WITH NEW LOANS
RETURNED TO LENDERS IN INTEREST AND GROWING BY £170,000 PER MONTH
TRADED ON THE SECONDARY MARKET CURRENTLY INCREASING AT £50,000 – £100,000 PER DAY
TARGETED FOR 2020 ACROSS THE ASMX ECOSYSTEM
Who we are
ASMX grew out of our collective experience running Ablrate.com, small exchanges, commodities brokerages and various other financial businesses. What we wanted to achieve initially was to create a network of non-competing platforms, where our lenders had more choice, more diversification and higher returns. We believe passionately that, if the average person’s returns can be enhanced by cutting out as many intermediaries as possible, then they will be able to build more wealth and we will have done our small part in levelling the investment playing field.
Our team brainstormed how this could be achieved and realised there was a number of issues to be solved. This is when we realised that blockchain technology could be the solution. What we needed was a company that understood blockchain and exchange technology, we were then fortunate enough to meet Star Hat Solutions.
From the moment our teams met we understood what we are were trying to achieve, and realised with Star Hat’s expertise, our tech team’s experience and visions, we could expand our ambitions from just connecting our own platform, to potentially connecting platforms across the world. With the FIX protocol used within the solution, we could offer access to institutional lenders and traders, and create real value between lending communities for the benefit of all those within the ecosystem.
That is what our team is about, working to solve a problem and the enjoyment of creating the solution.
Choose a job you love, and you will never have to work a day in your life. – Confucius
We are building something awesome and complex….The future timeline is subject to change
MEET OUR EXECUTIVES, ADVISORS AND PARTNERS
DIRECTOR & CEO
David Bradley-Ward is the founder and entrepreneur behind the Ablrate platform and the founder of ASMX. David is qualified by the CISI in Financial Regulations and Securities. David designed the initial platform and worked closely with developers to create Ablrate which launched in 2014.
David’s vision is to bring liquidity to the private debt market globally and use blockchain to do that at the core of the platform. He formed ASMX to bring that vision forward.
Alex initially focused on Operational Management within financial services companies, and during the past 13 years he has been involved in stock market flotations and fund raises for equity and debt securities, as well as corporate actions for both private and public companies.
Alex’s experience also includes 4.5 years working for a SME Stock Exchange were he was responsible for the oversight for the exchanges’ pan-European operations. This experience will be excellent for the expansion of ASMX. Alex is an Financial Conduct Authority (FCA) Approved Person and holds Chartered Institute for Securities and Investments (CISI) qualifications in Corporate Finance.
Ian has been involved in a range of commercial fields, including finance raising, development of company policy, market evaluation & research establishing strengths and weakness paths.
Ian is working with ASMX to project manage the various parties involved in developing the initial ASMX project. This includes coordination of developers, liaising with technology providers, marketing professionals and advisers.
Ian is also the founder of a specialist vehicle project who are developing strategies to disrupt the manufacture of low volume high value super cars. This will be achieved by implementing innovative digital techniques that will likely be deployed in a unique blockchain and crypto ecosystem.
ABLRATE.COM.AU – PARTNER NODE
Angus MacNee is the CEO of Rimbal Holdings Limited, a UK-based financial services and technology group with operations in Australia and the UK, and Managing Director of Ablrate Australia which is an authorised representative of Rimbal Investment Services authorised by the Australian Securities and Investment Commission (AFSL 472548).
Angus has 15 years’ experience as a founder and company director of private, public and regulated (financial) companies operating in multiple jurisdictions within the finance, technology and environmental sectors. Angus holds a double degree in Mechatronic Engineering (Hons) and Computer Science from the University of Melbourne and is a seven-time Government Trade Delegate in financial services.
ASMX TECHNICAL INTEGRATION AND AI ADVISOR
Darren obtained a Masters Degree in Physics from the Imperial College of Science, Technology & Medicine, London and started a career as a satellite engineer.
Darren moved into the credit markets working with Mizuho International and Commerzbank. He built a credit derivative trading platform for the trading desk which ran for over a decade and traded over a quarter of a trillion of (otc and exchange traded) derivatives contracts, credit default swaps, bonds, and interest rate swaps alongside other financial products. At Commerzbank Darren constructed algorithms for Auto Negotiation & Auto Pricing with position management inventory rolled out to the banks’ entire e-client base covering ~2000 unique securities priced in real time (VBA, C++/J++).
Wayne, a computer engineer by training, founded Bartercard International in 1991. He served as Chief Executive and Chairman of Bartercard and was responsible for building Bartercard in Australia and Worldwide. During his tenure, Bartercard facilitated over US$40 billion in trade, via more than 30 million transactions in 20 countries and currencies and at its peak had 136 offices worldwide. In 2014, he finalised the sale of his interests in Bartercard International when they completed an IPO on the ASX.
He conceived and founded Carbon Trade Exchange in 2007 and designed the technology and infrastructure over two years, launching operationally in 2009 and has since led the development of the innovative platform, as the first global exchange based on Microsoft Azure cloud technology. He built relationships with every major carbon credit standard in the world. He is a leader in the industry, attending and speaking at key global events such as the UN Climate Change Conference, World Climate Summit, Carbon Expo’s and many other business summits.
CEO – STAR HAT SOLUTIONS
Chris started his career with IBM, then in 1997 co-founded iTS, a financial systems software house supplying clients such as GNI, Old Mutual, LIFFE and IG Index ltd. Chris designed and implemented the technology behind GNI Touch, the first CFD trading platform in the UK. Chris subsequently created IG’s L2 CFD and DMA trading platform, which is still in use today.
Chris has extensive experience in creating and delivering exchange and cryptographic solutions for clients such as the London Stock Exchange, eSpeed (now NASDAQ), Old Mutual (Market Touch), LIFFE (now NYSE/Euronext), PLUS Markets (OFEX), Virt-X (Tradepoint), IGFX (IGs’ FX DMA Platform) and NADEX (North American Derivatives Exchange, based in Chicago).
STAR HAT SOLUTIONS
Bill has extensive operational experience within financial trading companies having worked in the industry for over 20 years. Bill co-founded ODL securities, a derivative, equities and FX brokerage, now FXCM.
He held several senior management roles at the company, including IT Director.He has designed several real-time risk and regulatory reporting systems and was responsible for all back-office development. Bill created TTS with Chris in 2008. In 2011 Bill subsequently joined London Capital Group as CIO.
STAR HAT SOLUTIONS
Matt has a degree in Mathematics from Worcester College, Oxford University.
He has extensive knowledge of exchanges, blockchain technologies, trading platforms, FIX connectivity and low latency C++ solutions. Experience gain from building exchange and trading solutions with Star Hat, IG Index, TraderTeam Systems, FFastFill and Exchange Systems Technology.
STAR HAT SOLUTIONS
Roumen has a Masters degree in Control Theory from the Technical University, Sofia.
The areas of expertise include Pricing and Trading software, FIX, messaging, MT4 solutions and integrations, Algorithmic Trading and blockchain solutions. The majority of solutions are developed in C++. Specialties include the design and development of financial software trading equities, FX and derivatives; with focus on algorithmic trading and processing of real time prices.