AlgoTrader partners with Blockfills to increase the liquidity for its WIRESWARM trading platform.
Zurich – AlgoTrader partners with Blockfills to provide financial institutions with a secure gateway to the deepest crypto and digital asset liquidity globally. Blockfills is the first electronic communication network model ECN for crypto and digital assets and is made available within AlgoTrader´s recently launched WIRESWARM platform, an advanced crypto and digital asset order management, execution management and multi-venue connectivlty platform for banks.
Despite the intervention of COVID-19 on global financial markets, the crypto and digital asset markets have shown themselves to be a legitimate asset class with increased market capitalization, trading volumes and prices. Due to this current challenging market environment, investors have been searching for resilient alternatives to bolster their investment and savings portfolios, driving the demand for financial institutions to offer trading and custody services.
WIRESWARM’s institutional trading infrastructure offers reliable connectivity to a comprehensive set of trading and execution venues via one single connection. With the addition of the first electronic communication network, Blockfills, AlgoTrader´s WIRESWARM Platform now includes Blockfills’ deep and executable streaming liquidity to place orders, thereby ensuring best execution for their clients.
“Our partnership with AlgoTrader is a further symbol of our goal to work with the highest quality professionals in the digital asset space. Their team has a tremendous and successful background in all things trading tech and we are humbled to be providing our liquidity and best execution practices to a team and technology stack of their caliber”, Neil Van Huis, Partner & Director of Trading at Blockfills stated.
“We are proud to partner with Blockfills, who are without equal and are the first leading ECN provider within the crypto and digital asset space. In conjunction with our existing portfolio of available trading and execution venues, Blockfills is filling the blank as the first available ECN with a deep and executable streaming liquidity for our institutional clients”, concludes Andy Flury, CEO & Founder, AlgoTrader.
AlgoTrader is the global leader in institutional trading technology for digital assets that covers the entire trade lifecycle from pre-trade risk checks to order generation, automated settlement and custody reconciliation – offering best-in-class infrastructure for financial institutions. By supporting direct market access, seamless custody and core banking integration as well as full trade lifecycle automation, the AlgoTrader platform streamlines digital assets trading. Developed by a team of trading system veterans and crypto asset experts, AlgoTrader offers integrated infrastructure solutions that meet the highest institutional needs. To learn more, visit www.algotrader.com.
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