Ike Ndu, CFO of AOFEX: Digital Currency Exchange Platforms Must Improve Security and Creativity

Ike Ndu, Founder of AOFEX: Digital Currency Exchange Platforms Must Improve Security and Creativity

“The core competence of digital currency exchange platform nowadays is the ability to improve on security and creativity.“ Said Ike Ndu, CFO of AOFEX in his recent interview.

Speaking of security, Ike made an example.

Recently, the Tokyo district court announced the report “Mt. Gox Incident” and ensured the amount of loss on their digital currency exchange platform. According to the report, there will still be a bit short even if all the asset of Mt. Gox is used for compensation.

The reason of insolvency is ridiculous: Hackers attacked Mt. Gox, yet the platform could not take preventive measures, and hackers constantly stole the bitcoins from both the platform and users, which ultimately lead to bankruptcy.  

Similar incidents can be found on the news in the past few years. By reviewing the incidents, we found that hackers are not masters in complicated technology means, but professions in the loopholes of the system and management of the platform: Indicating the lack of sense of safety and lack of experience and methods in risk control and management.

Ike’s original intention is to build a safer digital currency exchange and trading eco-system, which is AOFEX.

Ike held the senior post of Assistant Vice President in the Global markets valuation division of Deutsche Bank London and Associate Director at Mizuho International Bank London where he was the head of valuations and response for the independent price verification (IPV), price validation, methodology and risk reporting for asset-backed securities, credit, rates foreign exchange, equities, and commodities.

Ike has abundant experience in financial risk control and management. He is trying to bring the system of risk control and management used in top banks across the world into the field of digital asset trading, therefore AOFEX reaches a new level on both technology and management as a digital currency exchange platform.

For the sound development of eco-system, AOFEX rigorously picks digital currency among the mainstream with public blockchain in different fields.

In addition, Ike focuses on the creativity of exchanges. In the interview,

“AOFEX is launching a brand new digital currency tool—Nonstandardized option, which is simple, flexible, and is capable of helping investors to lower the risk of investing digital currency with wild fluctuation. The advantages of NSO are the varieties and multiplicities in earnings. Investors can choose the direction under manageable risk, and manage the risk under their controls. Investors know the possible direction and returns in advance, whereas the outcomes solely rely on the market.”

As we all know, digital currencies have the wildest fluctuations among all financial derivatives. The risk prevention oriented hedging products are limited by the volume and time of the contract, which cannot solve or hedge the risk of strongly undulated digital currency completely.

NSO not only has advantages in risk management in the investment portfolio of nonlinear structure but also combines the character of digital currency and the uniqueness of anti-tampering in the blockchain, in other words, AOFEX provides professional risk management control service and strategies in the market of digital currency.

Moreover, for impartiality and safety, the price of BTC, ETH and etc. are the real- time-weighted average of the volume of four most commonly used exchange platforms, all data is on the chain, in which ensures impartiality and Security of AOFEX.

Furthermore, AOFEX cares about the experience of investment, because premium national standard service is served 24/7, therefore “all problems can be solved within the time of getting a cup of coffee.”

Ike is extraordinarily confident about launching AOFEX this April, “Our security is the level of a top bank across the world, and NSO is becoming the most important tool in the field of digital currency. Our platform will be the revolutionary milestone of the blockchain development progress.”

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