FM
Liquidity Match, an OTC institutional crypto liquidity provider, has joined
forces with Bequant, a crypto prime brokerage. Through the partnership, the service
will cover over 150 crypto-to-crypto and fiat-to-crypto pairs.
Launched by
Finery Markets in April 2023, FM Liquidity Match is a service designed to
facilitate institutional market participants and crypto enterprises with access
to over-the-counter (OTC) institutional crypto liquidity. It offers a multitude
of tools and services that streamline institutional crypto transactions and
enhance trading activity tracking.
Bequant,
leveraging its extensive client network, is set to utilize FM Liquidity Match’s
advanced technology and liquidity. This partnership will allow Bequant to
expand its offerings, adding OTC liquidity to its current prime brokerage
services.
George Zarya, the Founder and CEO of Bequant
George
Zarya, the Founder and CEO of Bequant, expressed excitement about the
partnership. He highlighted that the union combines the best elements of FX
trading infrastructure, adapting it to the realm of crypto.
“This
partnership is a testament to our commitment to delivering innovative solutions
that meet the evolving needs of our clients,” Zarya commented.
The
introduction of this service comes amid an industry-wide expectation for
institutional market players to move towards using prime-brokerage services. FM
Liquidity Match’s technology will facilitate companies planning to launch or
expand their OTC prime brokerage.
FM Liquidity Match Wants
to Boost Institutional Crypto Trading
Konstantin
Shulga, the CEO and Co-Founder of Finery Markets, explained that FM Liquidity
Match was developed with a clear focus on clients’ needs. The service aims to
revolutionize institutional crypto trading by offering a risk-managed approach,
compliant reporting, and post-trade flexibility.
“We
are absolutely confident that we can help Bequant further boost its digital
assets prime brokerage services,” Shulga commented. “Additionally,
Bequant can leverage our cutting-edge technology to internalize customer flows,
resell global inter-dealer liquidity to their customers, or even create their
own ECN.”
3/ Bequant will now utilize FM Liquidity Match technology and liquidity, leveraging its client relationships to offer an OTC prime brokerage service, ensuring it is able to expand its product portfolio and add OTC liquidity to its current prime brokerage services.
— Finery Markets (@finerymarkets) June 15, 2023
Since its
establishment in 2019, Finery Markets has acted as an OTC multi-dealer
non-custodial marketplace for institutional customers and a trading solutions
provider for crypto markets. Bequant, on the other hand, is a comprehensive
platform for professional digital asset investors and institutions, providing
services such as prime brokerage and exchange.
Bequant was
acquired by CrossTower, a New York-based crypto exchange, in November 2022. Additionally, the
company introduced its prime brokerage service for digital assets in 2020 as a
response to the increasing demands of institutional players.
Liquidity Issues in Crypto
Space
Large-volume
trading on a single exchange can present liquidity challenges for financial
institutions. As revealed in the Crypto Trading Report for 2020 by PWC Switzerland
and Finery Markets, more than half of the institutional cases typically involve
trading digital assets across five or more exchanges to circumvent potential
liquidity risks.
However, the process of examining
the API of each trading platform , maintaining associated technical support, and
managing cash balances across each exchange can be a remarkably time-consuming
process for institutions.
Financial
companies have demonstrated an increasing preference for executing trades OTC
instead of centralized exchanges in recent years. OTC trading offers a more
comprehensive selection of options than its centralized counterparts. It facilitates
trade execution between two parties either via voice or electronically. This
approach affords investors privacy and liquidity access beyond the traditional
market limitations.
FM
Liquidity Match, an OTC institutional crypto liquidity provider, has joined
forces with Bequant, a crypto prime brokerage. Through the partnership, the service
will cover over 150 crypto-to-crypto and fiat-to-crypto pairs.
Launched by
Finery Markets in April 2023, FM Liquidity Match is a service designed to
facilitate institutional market participants and crypto enterprises with access
to over-the-counter (OTC) institutional crypto liquidity. It offers a multitude
of tools and services that streamline institutional crypto transactions and
enhance trading activity tracking.
Bequant,
leveraging its extensive client network, is set to utilize FM Liquidity Match’s
advanced technology and liquidity. This partnership will allow Bequant to
expand its offerings, adding OTC liquidity to its current prime brokerage
services.
George Zarya, the Founder and CEO of Bequant
George
Zarya, the Founder and CEO of Bequant, expressed excitement about the
partnership. He highlighted that the union combines the best elements of FX
trading infrastructure, adapting it to the realm of crypto.
“This
partnership is a testament to our commitment to delivering innovative solutions
that meet the evolving needs of our clients,” Zarya commented.
The
introduction of this service comes amid an industry-wide expectation for
institutional market players to move towards using prime-brokerage services. FM
Liquidity Match’s technology will facilitate companies planning to launch or
expand their OTC prime brokerage.
FM Liquidity Match Wants
to Boost Institutional Crypto Trading
Konstantin
Shulga, the CEO and Co-Founder of Finery Markets, explained that FM Liquidity
Match was developed with a clear focus on clients’ needs. The service aims to
revolutionize institutional crypto trading by offering a risk-managed approach,
compliant reporting, and post-trade flexibility.
“We
are absolutely confident that we can help Bequant further boost its digital
assets prime brokerage services,” Shulga commented. “Additionally,
Bequant can leverage our cutting-edge technology to internalize customer flows,
resell global inter-dealer liquidity to their customers, or even create their
own ECN.”
3/ Bequant will now utilize FM Liquidity Match technology and liquidity, leveraging its client relationships to offer an OTC prime brokerage service, ensuring it is able to expand its product portfolio and add OTC liquidity to its current prime brokerage services.
— Finery Markets (@finerymarkets) June 15, 2023
Since its
establishment in 2019, Finery Markets has acted as an OTC multi-dealer
non-custodial marketplace for institutional customers and a trading solutions
provider for crypto markets. Bequant, on the other hand, is a comprehensive
platform for professional digital asset investors and institutions, providing
services such as prime brokerage and exchange.
Bequant was
acquired by CrossTower, a New York-based crypto exchange, in November 2022. Additionally, the
company introduced its prime brokerage service for digital assets in 2020 as a
response to the increasing demands of institutional players.
Liquidity Issues in Crypto
Space
Large-volume
trading on a single exchange can present liquidity challenges for financial
institutions. As revealed in the Crypto Trading Report for 2020 by PWC Switzerland
and Finery Markets, more than half of the institutional cases typically involve
trading digital assets across five or more exchanges to circumvent potential
liquidity risks.
However, the process of examining
the API of each trading platform , maintaining associated technical support, and
managing cash balances across each exchange can be a remarkably time-consuming
process for institutions.
Financial
companies have demonstrated an increasing preference for executing trades OTC
instead of centralized exchanges in recent years. OTC trading offers a more
comprehensive selection of options than its centralized counterparts. It facilitates
trade execution between two parties either via voice or electronically. This
approach affords investors privacy and liquidity access beyond the traditional
market limitations.
