LONDON, December 10, 2014 /PRNewswire/ --

EXGATE LTD (http://www.exgate.com), JSC CAUFEX (http://www.caufex.com) and Bitreserve (https://bitreserve.org/ ), a next generation digital money financial service, today announced that they are partnering to expand their combined technologies and clearing capabilities to perform the world's first fully transparent, real-time settlement Clearing and Custody service for clearing Contracts for Difference (CFD's) based on leveraged Digital Currency Tradable Instruments. This alliance will provide a true end-to-end Straight Through Processing (STP) solution addressing the major deficiencies that currently exist in the Foreign Exchange Market, Derivative and Crypto Currency financial world.

Bitreserve will be the exclusive Bitcoin Clearing System for JSC CAUFEX clients ensuring full transparency, instant peer-to-peer and real-time settlement for clearing members and the removal of bitcoin volatility on funds in customer reserve. Exgate LTD will uniquely use Bitreserve for its exclusive turn-key solution that enables market makers, hedge funds, algorithmic traders and institutions achieve the Best/Bid/Offer matching from multiple liquidity sources and Bitcoin/FIAT conversions through their FIX API, FIX engine, and MetaTrader4 integration, as well as built in risk management capabilities. JSC Caufex , as a fully authorized Electronic Commodities and Derivatives Financial Exchange, will provide its clearing technology, liquidity lines, regulatory umbrella and compliance required for the partnership.

Gregory Mazzeo, CEO of Exgate LTD., stated "This partnership is a major step towards bringing crypto currencies into the mainstream financial world. The combination of Exgate, CAUFEX and Bitreserve's technological and clearing capabilities for digital instruments will enable the ability to offer exchange derived pricing and liquidity with a standardized settlement date for crypto currency transactions in a truly transparent and wrapped environment. A true game changer for the crypto world".

Carl Weir, Partnering & Business Development, Financial Markets for Bitreserve stated, "Partnering with Exgate represents a seamless merging of institutional and crypto currencies transactions into a safe, secure, and transparent environment. This will not only allow institutions to achieve full transparency in multiple asset classes, but also allow seamless near- zero cost clearing, and real-time settlement; the latter three being expected pillars of trading that was near unattainable, until now. This partnering is an industry first."

About Exgate LTD

The EXGATE system is the first and only turn-key end-to-end trading

Solution for Brokerages, Market-Makers, Hedge Funds, High Frequency Traders, Professionals and Exchange-to-Exchanges. EXGATE is a global Electronic Communication Network (ECN) solutions provider for Institutions which connects multiple liquidity providers to achieve the Best Bid/Offer, Trading, Conversions and Delivery of PHYSICAL Bitcoins to all major Currencies, Metals, Commodities, or Energy products in the Open Markets and bridges the MetaTrader4 for Retail access. For more information contact - [email protected].

About Bitreserve

Bitreserve is a new financial system that makes using digital money secure, instant and free. The company is setting a new standard for transparency in today's financial system and is pioneering the digital money movement to build a more egalitarian world. Bitreserve enables members to escape bitcoin volatility by holding bitcoin as stable, real-world money, but to still spend their money as bitcoin. Founded by Halsey Minor in 2013, Bitreserve is headquartered in Charleston, South Carolina with offices in Braga, Shanghai and San Francisco. For more information contact [email protected]

About JSC Caufex

Founded in 2009, Caufex is a fully licensed and regulated Electronic Commodities and Derivatives Exchange with multiple liquidity relationships with Financial and Non Financial Institutions. For more information contact [email protected]

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+44(0)203-695-1082



SOURCE Exgate LTD.