Sugar Exchange (SGR), the brand new cryptocurrency exchange that is due out the first half of this year, has announced a new software licensing agreement with Modulus Global, a market-leading provider of financial technology products and services for professional traders, hedge funds, brokerages, and financial institutions.

According to their press release:

Modulus Global has provided advanced trading engines, platforms, and technologies for some of the biggest names in the financial sector, including: J.P. Morgan Chase, Bank of America, Credit Suisse, Barclays Capital, Goldman Sachs, Merrill Lynch, and Fidelity. “Modulus’ record and expertise, particularly with capabilities in the cryptocurrency space, provide us with the confidence to move forward into a new technological endeavor and to blend the traditional with the cutting edge,” said the CEO of Sugar Exchange. By utilizing the innovative technology of Modulus’ MyExchange utility platform, Sugar Exchange will be able to integrate a vast amount of additional benefits to users, including two- factor authentication, optional SMS text verification, high performance order matching, and advanced liquidity options.

Sugar Exchange has announced in their active Telegram group that an updated white paper including key team members and advisors will be released this month. We anticipate this to be a significant market event, as more and more investors become aware of this exciting project.

The coin is currently listed on EtherDelta and CoinExchange.

Referenced: Sugar Exchange and Modulus Global Announce Software Licensing Agreement
Related: Sugar Exchange (SGR) – An Interesting New Cryptocurrency Exchange

Disclaimer: The author of this article may have a position in one or more of the securities mentioned above. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.