Hex Trust, an Asia-based digital assets custodian, has selected TradAir to provide its clients with the ability to trade digital assets directly from the Hex Safe custody platform. Using blockchain technology along with a team of seasoned bankers and engineers, Hex Trust has built a licensed and insured digital custody solution for institutions. The firm […]
IS Prime has extended its liquidity distribution by connecting to TradAir. Utilising TradAir’s solution, banks and brokers can view and trade directly against IS Prime liquidity as well as utilise it to enable their clients to benefit from the pricing. “Expanding our distribution to TradAir’s client base on a disclosed basis allows us to provide […]
Alior Brokerage House, the FX brokerage trading arm of Poland’s Alior Bank, has selected TradAir as a technology provider for currency trading. Grzegorz Femiak, trading platform expert at Alior Bank, says: “We were looking for an additional solution for our e-FX service which would provide an improved execution at a friendliest cost. With direct market […]
TradAir has completed an $11 million Series D round, led by new investors GF Investments and the family office of Harvey Golub, former chairman and CEO of American Express. Existing investors, including Long Ridge Equity Partners and Viola Ventures, continued with their support and added to their investment in the round. Although it has not […]
TradAir customers will now be able to leverage the over-the-counter (OTC) trade settlement services for digital assets recently launched by Seed CX’s subsidiary, Zero Hash. The Zero Hash settlement service allows firms to settle both digital asset and fiat trades, widen the number of counterparties with whom they can trade and streamline reconciliation, reporting and […]
TradAir is revamping its business to offer technology solutions for the crypto market, a move that coincides with senior management changes at the firm.
When TradAir co-founder, Illit Geller, stepped down as CEO of the firm in June 2017, co-founder, Ayal Jedeikin stepped in to lead the company until the role of CEO was filled by Viral Tolat in May 2018.
However, Tolat has now vacated this role, resulting in Jedeikin once again taking the reins. Profit & Loss understands that Tolat will remain a “strategic advisor” to the TradAir board.
Asian cryptocurrency liquidity provider Tilde has announced that is working with TradAir, a platform solution provider for institutional FX and cryptocurrency trading, to introduce electronic cryptocurrency trading among institutional investors in Asia. The firm says the collaboration will enable Tilde clients to trade a “multitude” of cryptocurrencies through TradAir’s personalised and intuitive platform, making trading more efficient and secure.
Tilde is an OTC cryptocurrency trading service and market maker that was launched by Asian proprietary trading firm Grasshopper in July 2018.
Singapore Exchange (SGX), is launching a new product, SGX FlexC FX Futures, with the aim of “futurising” certain OTC FX product offerings.
Targeted for launch on August 27, SGX FlexC FX Futures – developed in consultation with market participants – enable bilateral trades that are privately negotiated with tailored expiration dates to be registered and cleared like a standard SGX FX futures contract. This feature will be available for INR/USD, KRW/USD, TWD/USD, USD/CNH and USD/SGD contracts.
Michael Syn, head of derivatives at SGX, says: “Access to counterparty credit, especially for tenors longer than spot, is increasingly scarce and expensive in the OTC FX markets.
Viral Tolat has been appointed chief executive officer at TradAir, filling a role vacated last year when co-founder Illit Geller stepped down.
Tolat was last at EBS Brokertec where he was CTO, a role he took on in 2013 after leaving the CTO position at Integral Development. The move was not without controversy as Integral commenced a legal action against Tolat for allegedly stealing trade secrets. Although Integral’s initial case, which was widely seen as an attempt to stop Tolat joining a rival organisation, was thrown out by a US District Court, it won an appeal against some of the decisions in January 2017.
Tradair has rolled out enhancements to its full amount execution service, the firm claims the new logic provides “improved fill-ratios and greater execution control”.
Clients are now able to define order size above which execution is against best price from a single full amount LP, define order size below which execution is against best prices from sweepable LPs, and automatically execute at best price from sweepable LPs or a single full amount LP. The latest roll out continues a spate of ‘full amount’ releases.