Limassol-based institutional crypto solutions provider Finery Markets has announced the extension of its partnership with key broker Hidden Road through Finery’s flagship solution, FM Liquidity Match. Institutional participants have begun trading through FM Liquidity Match to participate in spot crypto trades, with Hidden Road acting as a prime broker for these trades.
FM Liquidity Match provides Hidden Road clients with easy online access to strong institutional OTC liquidity, ensuring high quality execution while protecting against toxic flows. Under FM Liquidity Match, Hidden Road customers can trade anonymously, while Hidden Road ensures efficient credit intermediation and post-trade settlement.
FM Liquidity Match is available via GUI or API (FIX 4.4, REST or WebSocket) and has a number of cutting-edge features that will elevate the institutional trading experience to a whole new level. These features include:
- Anonymous trading with fixed liquidity pool (no “last look”) for those receiving liquidity and toxic flow protection for traders
- A seamless online onboarding process
- A role-based access system
- Pre-trade risk management checks and adjustable risk limits
- Flexible post-negotiation settlement and travel rule compliant reporting
Konstantin Shulga, co-founder and CEO of Finery Markets said:
“We are excited to announce that we have expanded our partnership with Hidden Road, a leading broker for digital assets. Through their role as a prime broker through FM Liquidity Match, Hidden Road now offers clients the first OTC trading infrastructure that provides ‘no last look’ execution for liquidity takers, while also offering toxic flow protection for traders” .
Michael Higgins, Global Head of Business Development at Hidden Road commented:
“Hidden Road is committed to offering our customers a comprehensive range of tools, both through our own products and in collaboration with trusted partners. We are pleased to announce that the Finery Markets venue has joined the list of execution venues, expanding Hidden Road’s credit network and OTC brokerage offering. This partnership exemplifies our dedication to empowering clients to choose their preferred price discovery centers and liquidity solutions. We believe Finery Markets’ unique offering is a valuable addition to our network.”
Thomas Felber, Tradu Product Director added:
“In line with our commitment to offer a comprehensive One-Stop investment solution, we are now integrating advanced cryptocurrency services. Our focus is on providing tight margins and liquidity at an institutional level, similar to our approach to the forex market with competitive commissions. Recognizing the growing interest in crypto markets, we have strengthened our capabilities to effectively manage and mitigate the risks associated with cryptocurrencies. This strategic partnership is a key step in improving our trading services for crypto assets, aligning with our goal of providing access to the world’s most liquid markets. It ensures a more streamlined and efficient experience for customers dealing with Tradu.”
Boris Sebosik, Head of OTC at Wincent said:
“We are pleased to announce our partnership as a launch partner with Finery Markets and Hidden Road, offering competitive offers to a wide range of institutional clients through FM Liquidity Match. This strategic partnership presents exciting prospects for anonymous transactions to a huge pool of institutional clients, allowing us to expand our market presence.”
Michael Rabkin, Head of Global Business Development at DV Chain added:
“The partnership between Finery Markets and Hidden Road presents an exciting opportunity to enhance our liquidity provision capabilities by expanding our network of institutional counterparties. We have seen a growing trend towards a more sophisticated prime-brokerage structure in the crypto space, a concept long established in traditional finance. By integrating a core brokerage model through FM Liquidity Match into our global offerings, we can further strengthen our position as a leading provider of institutional crypto liquidity.”
About Finery Markets
Finery Markets, a leading no-reserve crypto ECN, provides state-of-the-art trading infrastructure for institutional players in over 30 countries. We seamlessly connect customers in LATAM, North America, Europe, Asia and Africa. Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds and custodians. We connect digital content players and provide them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently.
About Hidden Road
Hidden Road Partners is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, we remove the complexity and cost in prime brokerage, clearing and funding.
About the DV chain
DV Chain provides world-class cryptocurrency trading and technology. From easy-to-use web charting and click trading to white glove, specialized algorithmic ordering, institutions around the world depend on DV Chain’s robust, stable technology stack to power and scale their businesses.
DV Chain is a subsidiary of DV Trading, a privately held trading company based in Chicago and also a subsidiary of Independent Trading Group, a Canadian broker-dealer. In 2016, the founders of DV Trading launched DV Chain to adapt the technology and trading strategies used by DV Trading to bring liquidity to cryptocurrency markets. Since then, DV Chain has become one of the global cryptocurrency leaders in the world, providing reliable, accessible and technologically advanced cryptocurrency liquidity solutions.
About Tradu
Tradu is headquartered in London with offices around the world. The global Tradu team speaks more than two dozen languages and prides itself on its responsive and helpful customer support. Tradu is part of Stratos Group International, LLC, a wholly owned subsidiary of Jefferies Financial Group Inc. (NYSE:JEF). Stratos also operates FXCM, an FX and CFD platform founded in 2001. Stratos will continue to offer FXCM services alongside Tradu’s multi-asset platform. Stratos subsidiaries are authorized and controlled in the UK, Europe, Australia and South Africa.
About Vincent
Wincent is a leading cryptocurrency maker with $3 billion+ daily volume and 300,000+ daily transactions. Our mission is to enable, empower and promote a truly decentralized world for more transparent, fair and efficient markets and products.