Tassat, a technology provider for traditional and digital asset markets formerly known as trueDigital, has partnered with AlgoTrader to provide institutional clients with its automated, quantitative trading software.
This will include direct access to Tassat’s cryptocurrency derivatives that the firm says will soon be available on a regulated exchange. The first derivatives product that Tassat plans to launch will be physically deliverable, margined bitcoin swaps that will be available for institutional investors, brokers and other eligible contract participants.
Through the partnership announced today, institutional clients of AlgoTrader will be able to access and incorporate these instruments into their quantitative trading strategies with access to the liquidity and the regulatory oversight that institutional market participants require.
Michel Finzi, chief commercial officer at Tassat, says: “We pick our partners thoughtfully and focus on those who align with our philosophy to serve the institutional crypto marketplace. AlgoTrader has a unique service delivery model, offers clients more control and flexibility and most importantly, has a singular mission to create a high-impact trading experience. Like us, they’re driven to create a modern cryptocurrency ecosystem with no compromise on integrity and we’re excited to have them be our first partner for exchange connectivity and distribution.”
Richard Chmiel, chief revenue officer of AlgoTrader, adds: “Our goal at AlgoTrader is to establish a global crypto asset management ecosystem to help fuel innovation and adoption of the crypto derivatives market which may be poised for exponential growth. Tassat is one of the most professional institutional focused organisations and we are excited to partner with them and to continue to extend our global footprint with a like-minded firm.”