Crossover Markets, a digital asset technology company focused on meeting the unique liquidity requirements of institutions, and Talos, a provider of institutional technology for trading digital assets, today announced that Crossover’s CROSSx institutional crypto trading venue has been integrated into the platform Talos trading. Talos’ existing provider network.
As a result of this integration, Talos users will have access to CROSSx’s customized liquidity, high-speed trade execution and tight spreads. CROSSx not only aims to reduce trading costs, but to do so by limiting market impact, a critical metric that Talos provides to clients in its post-trade analytics suite.
“Talos brings transparency to post-trade analytics to institutional clients facing a fundamental change in market structure,” said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets. “Clients are demanding lower transaction costs, both in terms of spreads and market impact, which is a data point most often discussed in the digital market. CROSSx’s speed of execution and configurable liquidity, combined with unconstrained price makers, are designed to offer clients the best trading experience: together, these features help compress spreads and reduce market impact. We believe the combination of Talos’ powerful analytics with CROSSx’s ability to deliver performance at scale is a powerful partnership that institutional clients will enjoy.”
“Talos and Crossover Markets share a heritage rooted in traditional finance and a mission to deliver a trading experience that meets the unique requirements of institutions,” said Anton Katz, Talos Co-Founder and CEO. “We are excited to connect our clients with CROSSx, a unique space in the digital asset landscape that offers clients the ability to customize their liquidity interactions while optimizing for speed, an important factor in the pursuit of optimal execution ».