Cryptocurrencies
AlgoTrader, a Swiss-based firm offering algorithmic trading software solutions for quantitative hedge funds trading equities, FX, derivatives and cryptocurrencies, has completed a CHF 3.7 million ($3.81 million) round of financing from institutional investors. The firm says that this series A funding round was led by a global tier one bank, but is declining to disclose […]
State Street has announced a new digital asset pilot in collaboration with Gemini Trust Company, a cryptocurrency exchange and custodian. The pilot is looking to combine Gemini’s custody services with State Street’s back office reporting. Initially, it will perform reporting scenarios on users’ cryptocurrency holdings within Gemini Custody, but it can be adapted to report […]
LedgerX co-founders and senior executives, Paul Chou and Juthica Chou, have been placed on administrative leave by the board of directors of the platform’s parent company, Ledger Holdings. The board has installed Larry Thompson, formerly vice chairman of the Depository Trust & Clearing Corporation (DTCC), as interim CEO and lead director of the firm. Paul […]
Major financial institutions will move into the crypto space, despite the fact that many of them have avoided it thus far, argues David Mercer, CEO of LMAX Exchange Group, in a new video interview with Profit & Loss. “We’d be kidding ourselves if we said the last 12 months haven’t been static in crypto land,” […]
LMAX Digital, the spot cryptocurrency exchange owned by LMAX Exchange Group, has started publishing its daily trading spot volumes on the exchange’s website. The firm says that its decision to start publishing its volumes will add greater transparency around real spot volumes traded daily in the industry. The volumes represent all trades based on credit […]
Avelacom, a global connectivity and IT infrastructure provider, has launched its multi-cloud connectivity solution to help simplify and accelerate how traders connect to cryptocurrency exchanges. It delivers secure, direct, low latency access to cryptocurrency exchanges hosted in Alibaba Cloud, Amazon Web Services (AWS), Microsoft Azure and Google Cloud platform. Proprietary trading firms, hedge funds and […]
The Association for Digital Asset Markets (ADAM) has published its Code of Conduct to promote integrity, fairness and efficiency in digital asset markets. The association says that the Code is intended to inform market participants on best practices and to complement, not replace, existing regulation and is part of a long-term effort to define and […]
SEBA Bank, which was recently granted a banking license by the Swiss Financial Market Supervisory Authority (FINMA) and offers services around both conventional and digital assets, is now fully operational. After an onboarding phase with a designated customer group, SEBA has now officially started the onboarding of customers based in Switzerland. Its banking services are […]
Bakkt, the cryptocurrency exchange founded by Intercontinental Exchange (ICE), has now made its institutional crypto custody service, Bakkt Warehouse, available to all market participants following new regulatory approvals. Previously, only clients trading the Bakkt bitcoin futures contracts could use this custody service, but now the exchange has received authorisation from the New York Department of […]
Bequant, a cryptocurrency exchange with prime brokerage services, is now offering crypto market participants faster access to its market infrastructure via Avelacom’s low latency network. Avelacom is a provider of global connectivity and IT infrastructure. Through this initiative, Bequant’s colocation facilities and connectivity footprint globally will be increased through a point-to-point fiber in Equinix’s LD4 […]
