Back in 2017, as experienced professional Wall Street traders and investors, Jack Tao and other founding members of Phemex identified a lack of professionalism, trustworthiness, and customer support within the crypto industry. In the following two years, the number of users engaging in cryptocurrency trading increased significantly. Nevertheless, existing exchanges showed little to no improvement. Realizing the seriousness of the problem, the team left Wall Street and founded Phemex in the summer of 2019. They then dedicated themselves to building a simple, efficient, but most importantly, a trusted cryptocurrency trading platform. Then, on November 25th, 2019, the Phemex platform officially went live.
Pheme (Fama) is the personification of fame and of the public's voice in Greek mythology. While MEX stands for mercantile exchange. This name was chosen to highlight our vision and our dedication to stand as the most trustworthy trading platform.
To empower everyone to trade simply and manage risk efficiently
From day one, our mission was and will always continue to be the empowerment of individuals. We want everyone in this world to have access to the right set of tools that will allow them to manage risk efficiently and trade simply. We sincerely believe this to be a fundamental right that all traders should enjoy.
Become the most trustworthy cryptocurrency and derivatives trading platform
We see ourselves becoming a leading financial services provider in this industry, one that is unrivaled in trustworthiness, honesty, and integrity. Above all else, we wish to stand out for how we treat our customers. However, we will never compromise or abandon our firm commitment to deliver the highest level of quality products and services as we continue to grow with our community.
Led by 8 former Morgan Stanley Executives, Phemex's goal is to build the worlds most trustworthy cryptocurrency derivatives trading platform. We leverage a “User-Oriented” approach to develop far more powerful features than any existing exchange.
Above all, we place customers first. All of our features and tools are designed with this philosophy in mind. This is why our development team is directly available and constantly gathering feedback, comments, and requests from our community on social media.
Jack, our CEO, is an 11-year veteran executive from Morgan Stanley, where he worked as the MSET BXS global development leader before departing to co-found Phemex. Jack's primary area of expertise is in building high throughput, low latency, large scale algorithm trading platforms both in C++ and Java. He is also an expert on q/KDB+. Jack has been enthusiastic about blockchain technology and cryptocurrencies since 2016. He is both devoted and determined to create a revolutionary cryptocurrency trading platform with the eventual goal of developing a new economy for global users.
Yang has been working in the financial industry for 12 years. He joined Phemex in 2019 as the leading system architect. Previously, he worked in the same role for HKEX and was a core developer for Morgan Stanley and Ericsson. His areas of expertise include research & design of algorithmic and strategic trading systems, ultra-low latency matching engines, and market data systems. Yang strongly believes that technology can both ease and improve our lives. This is why he remains committed to making Phemex more accessible and intuitive.
Cecilia joined Phemex in 2019 as Chief Marketing Officer. Prior to this, she served as the CEO of J.C.Moritz for 7 years. This market research and strategy firm provided services to the world's top management consulting, private equity, venture capital, and Fortune 500 companies. Cecilia is a proven professional with more than 10 years of executive experience in creating, developing, and managing both businesses and teams while aggressively generating growth.
Federico is a Ph.D. candidate at Fudan University. His research specializes in cyber warfare and the intersection between conventional concepts of national security and new technologies. Federico first encountered Phemex while researching the prospective role of cryptocurrencies in the international community. Soon after, he joined the team as a business development manager. Federico possesses working and academic experience in Europe, Russia, and China. He is eager and excited to be a part of what he believes will be a fundamental shift in transnational relations and the global economy.