EDX Markets News
EDX Markets (EDXM), which aims to provide cryptocurrency trading services to institutions, has integrated with Talos, a provider of institutional trading technology for digital assets. According to the announcement, this partnership will make Talos the first Order and Execution Management System (OEMS) integrated with EDXM, providing institutional investors with access to a wider range of liquidity venues through front-end and trading tools.
Jamil Nazarali, CEO of EDX Markets, said the following about the recent development:
“This collaboration expands our liquidity options for customers and reinforces our commitment to providing a comprehensive and robust trading experience for both traditional financial institutions and crypto-based firms.”
Institutional Demand for Cryptocurrencies
Approval of a Spot Bitcoin ETF will provide a significant convenience for institutions to add Bitcoin to their portfolios. However, the creation of an active trading experience through alternative channels is also targeted. EDX Markets was launched precisely for this reason. According to the statement, Talos will provide access to its network, which consists of more than 40 providers, including top-tier exchanges, custodians, OTC desks, and market makers. Genesis Trading, BlockTower, and Abra are among Talos’ existing customers, according to their website.
Anton Katz, Co-founder and CEO of Talos, said the following:
“EDX Markets expands its reach by integrating with our trading technology, offering market participants a secure, efficient, and transparent trading experience while enhancing our shared mission to promote institutional adoption and support the convergence of traditional finance and digital assets.”
EDXM, backed by major financial players Citadel Securities, Fidelity Investments, and Charles Schwab, was first announced in September. It also receives support from Paradigm, Sequoia Capital, and Virtu Financial. Nazarali stated in an interview at the time that the platform would learn from the mistakes made by others trying to attract Wall Street to digital assets. Last month, the exchange announced the completion of a second funding round with investors including Miami International Holdings and proprietary trading firms DV Trading, GTS, GSR, and Hudson River Trading.
