Title: About QFEX
URL Source: https://docs.qfex.com/qfex/about
Markdown Content:
> ## Documentation Index
> Fetch the complete documentation index at: https://docs.qfex.com/llms.txt
> Use this file to discover all available pages before exploring further.
# About QFEX
> How Markets Should Be
# What is QFEX?
QFEX is the first hybrid perpetual futures exchange to allow **high leverage, performant trading on traditional financial assets**. Markets on QFEX operate 24/7 like crypto venues, with external market makers, allowing users to trade outside of market hours.
QFEX utilizes a Centralized Limit Order Book, or ‘CLOB’, and maintains CEX-like features such as **microsecond-level latency, native fiat and crypto payment rails, anti-HFT arbitrage protections and circuit breakers**.
In the long-term, QFEX aims to replace the entire \$100bn TradFi exchange, clearing and brokerage industry, with an ambition to be the trading exchange of choice for global banks, hedge funds and family offices, offering 24/7 access to a huge range of assets, both traditional and complex.
# Who is the team?
QFEX was founded by Cambridge mathematicians [Annanay Kapila](https://x.com/annanay) and [Joshua Wharton](https://x.com/joshuawharton). Annanay was previously one of the first members of [Flow Traders'](https://www.flowtraders.com) crypto team, and then a Quant at [Tower Research Capital](https://tower-research.com/), where he was responsible for double digit market share across all major crypto venues. Josh was an Engineer at [Citadel](https://www.citadel.com/).
The rest of the team comes from [Jump](https://jumptrading.com), [HRT](https://www.hudsonrivertrading.com/), [Jane Street](https://janestreet.com), [Optiver](https://optiver.com) and more.
# Who are your backers?
QFEX has raised money exclusively from Silicon Valley VC firms, including General Catalyst and Y Combinator.
