Crossover Markets Group, Inc. has been selected as the primary digital asset execution partner of Tradu, part of Stratos Group International, LLC, a wholly owned subsidiary of Jefferies Financial Group Inc.
The Tradu crypto stream will be routed to Crossover’s CROSSx Electronic Communications Network (ECN), which will provide customized liquidity, high-speed execution, maximum efficiency and tight spreads. CROSSx offers institutional and intermediary clients a dynamic technology platform for spot cryptocurrency execution and is a natural fit for Tradu and its goal of bringing institutional pricing to retail traders.
“We’re excited to meet customer demand for enhanced experiences across multiple assets—including digital assets—with the launch of Tradu,” said Brendan Callan, CEO of Tradu. “Assembling the right technology platform for our clients has been a key goal, and CROSSx is the only crypto execution space today that offers the speed and performance needed to help us lower transaction costs. We believe our distribution, combined with CROSSx’s technical prowess, creates one of the most compelling digital commerce offerings on the market.”
“Tradu is a bold and disruptive offering that is reshaping the future of online transactions for retail customers,” said Brandon Mulvihill, Co-Founder and CEO of Crossover. “On the front end, Tradu enables retail clients to trade multiple asset classes seamlessly, while on the back end, Tradu supplies market data, liquidity management and trade execution from the best providers in their respective markets. CROSSx brings unrivaled speed and performance to the table, matching 99% of orders in less than 10 microseconds while processing over 1 billion offers per day. We are honored that Tradu has chosen CROSSx for its position as the preeminent institutional cryptocurrency trading venue and look forward to bringing our value proposition to the entire Tradu clientele.”
Tradu, which officially launched in November 2023, is headquartered in London with offices around the world.
Stratos also operates FXCM, an FX and CFD platform founded in 1999. Stratos says it will continue to offer FXCM services alongside Tradu’s multi-asset platform.