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QFEX

24/7 Global Stock Exchange

QFEX is the 24/7 exchange for traditional financial markets. We let you trade US equities, commodities and FX pairs with (or without) leverages of up to 100x. On QFEX, UX comes first: brokerless market access, seamless integration with traditional payment rails, and ultra-efficient Perpetual Futures offered over all asset classes. Trading has never been simpler, cheaper or fairer than with QFEX. Founded by Quants and Engineers from Citadel & Tower Research who saw an opportunity to make markets how they always should have been, QFEX will eventually replace the entire $100 billion exchange and clearing industry.
Active Founders
Annanay Kapila
Annanay Kapila
Founder
Annanay is Founder and CEO of QFEX. He met his co-founder Joshua at Cambridge, where he studied Maths and conducted Quantum Computing research. Since then, he has worked as a Quantitative Trader at Flow Traders and Tower Research Capital in London, and is now building QFEX as the exchange he always wish he had to trade on.
Joshua Wharton
Joshua Wharton
Founder
Founder & CTO at QFEX
Company Launches
QFEX - The Global 24/7 Stock Exchange
See original launch post

Hello World! We’re Annanay and Joshua, and we’re building QFEX: a global, 24/7 stock exchange.

What We’ve Built

Trillions of dollars change hands every day in the global financial markets, but the pace of innovation is excruciatingly slow. As of 2025, you still can’t:

  • Trade directly on an exchange without a broker (unless you’re as big as Jane Street).
  • Trade 24/7.
  • Get >20x leverage or avoid margin fees.
  • Trade leveraged US stocks without worrying about options.

We’re changing this.

We’ve built an exchange that provides all of the above, packaged into a sleek, direct-to-market interface with one-of-a-kind purely volume-based fees. Bye-bye Robinhood selling your orders for Citadel to front-run. Adios to the Interactive Brokers GUI. Hello to markets as they should be.

https://www.tella.tv/video/joshuas-video-1m32

https://www.tella.tv/video/joshuas-video-32cb

Call To Action

QFEX is currently running in a closed beta with a white-glove service to match user enthusiasm. To get earlier access:

  • Sign up to our waitlist to get invited!
  • Follow us on socials to make sure you don’t miss out on any early access perks! Reddit Twitter Facebook LinkedIn
  • API traders - welcome to the first API-native exchange! Reach out here to schedule onboarding.
  • Share this post with anyone interested in trading, exchanges or crypto!

The Team

We met at Cambridge studying Maths in 2016, and the rest is history. Working as Quants and Engineers at Tower Research and Citadel before YC, we spent a year trying to figure out why crypto exchanges can solve all of the above, but traditional exchanges can’t. We still haven’t found a convincing answer.

PS - For the Crypto/ Finance Bros

Taking a leaf out of the crypto world, QFEX is listing Perpetual Futures in traditional assets, making it the first exchange to do so. Futures haven’t changed since the first standardized contract was made in 1865 to help farmers hedge their corn harvests. Now S&P500 futures trade $500 billion daily, but it still expires in time for the harvest. Why?

QFEX will save institutional traders billions of dollars in rolling costs, operational headache, and deeper liquidity from an unfragmented market - just like perps did for crypto.

YC Photos
Jobs at QFEX
London, England, GB
£40K - £120K GBP
0.10% - 0.25%
3+ years
QFEX
Founded:2025
Batch:Spring 2025
Team Size:8
Status:
Active
Location:London, United Kingdom
Primary Partner:Pete Koomen