The San Juan Mercantile Exchange (SJMX) and its affiliate, the San Juan Mercantile Bank & Trust International (SJMBT), have announced three key strategic partnerships aimed at paving the way for the launch of a new digital asset exchange and banking solution.
They have partnered with CQG, an electronic interface provider, Elysium Technology Group, which offers post trade technology for the FX and futures markets, and Mercury Digital Assets, a digital asset trading platform and dark pool operator.
“Together, these partnerships create a seamless and sophisticated technology backbone to support institutional investors and professional traders seeking to safely and efficiently transact in the digital asset space,” say SJMX and SJMBT in a release issued today.
The release continues: “Institutions wishing to trade digital assets today face difficulty accessing deep pools of liquidity and managing their trading and capital in real-time. SJMX’s partnership with CQG will enable SJMX customers to connect to more than 45 tradable, global exchanges and more than 75 market data sources, and will provide access to CQG’s full suite of trading tools in a familiar, traditional trading environment. Elysium’s banking software solution allows SJMX and SJMBT to provide real-time limit management and real-time settlement of exchange trading activity. Mercury Digital Assets’ technology enables the SJMX Dark Pool solution as an alternative for institutional traders who seek to execute large transactions in a secure, trader-friendly environment.”
Robert “Bo” Collins, CEO of Mercantile Global Holdings, which is the parent company of SJMX and SJMBT, says: “We are proud to announce our partnership with these innovators in the financial technology space. Institutional investors and professional traders can soon become customers of SJMBT and participate in an integrated ecosystem. We consider our solution unique, particularly the ability to provide agnostic custody services for fiat and digital assets alike. Prospective customers have been incredibly enthusiastic. We look forward to announcing our first trades very soon.”