Finery Markets partners with prime broker Hidden Road to launch industry’s first OTC liquidity pool with toxic flow protection

London, January 252024 / AlexaBlockchain/ – Finery Markets, a leading non-custodial cryptocurrency ECN and trading infrastructure provider for institutional players, officially announced its partnership with Hidden Road Partners (Hidden Road) through its flagship solution, FM Liquidity Match. Institutional participants have started trading through FM Liquidity Match to participate in cryptocurrency spot trading, with Hidden Road acting as the primary broker for these transactions.

FM Liquidity Match provides Hidden Road clients with easy electronic access to powerful institutional OTC liquidity, ensuring high-quality execution while preventing toxic flows. Within FM Liquidity Match, Hidden Road customers can trade anonymously and Hidden Road ensures efficient credit brokerage and post-trade settlement.

FM Liquidity Match is available via GUI or API (FIX 4.4, REST or WebSocket) and boasts a variety of cutting-edge features that can take your institutional trading experience to a whole new level. These features include:

• Anonymous trading with robust liquidity pools (no “last look”) for liquidity seekers and toxic flow protection for market makers
• Seamless electronic onboarding process
• Role-based access system
• Pre-trade risk management controls and custom risk limits
• Flexible post-trade settlement and travel compliance reporting

Konstantin Shulga, Co-Founder and CEO of Finery Markets, said: “We are pleased to announce that we have expanded our partnership with Hidden Road, a leading prime broker for digital assets. Through its role as a prime broker through FM Liquidity Match, Hidden Road now offers its clients the first OTC trading infrastructure that provides ‘no final review’ execution to liquidity seekers while providing detrimental flow protection to market makers. ”

Michael Higgins, Global Head of Business Development at Hidden Road, said: “Hidden Road is committed to providing comprehensive tools to our customers through our own products and collaboration with trusted partners. We are pleased to announce that a location in Finery Markets has joined our list of execution locations, expanding Hidden Road’s credit network and OTC prime brokerage service offering. This partnership demonstrates our commitment to helping our customers choose their preferred price search center and liquidity solution. We believe Finery Markets’ unique offerings are a valuable addition to our network.”

Thomas Felber, Product Director at Tradu, said: “In line with our commitment to providing comprehensive one-stop investment solutions, we are now integrating advanced cryptocurrency services. We focus on providing tight spreads and institutional-level liquidity, similar to our competitive fee approach in the FX markets. Recognizing the growing interest in cryptocurrency markets, we have strengthened our capabilities to effectively manage and mitigate cryptocurrency-related risks. This strategic partnership is a key step in line with our goal to improve trading services for cryptocurrency assets and provide access to the world’s most liquid markets. This ensures a simpler and more efficient experience for customers interacting with Tradu.”

Boris Sebosik, Head of OTC at Wincent, said: “We are delighted to announce our collaboration as a launch partner with Finery Markets and Hidden Road, providing competitive quotes to a wide range of institutional clients through FM Liquidity Match. “This strategic partnership allows us to expand our market presence by offering exciting prospects for anonymous trading within our vast pool of institutional clients.”

Michael Rabkin, Head of Global Business Development at DV Chain, added: “The collaboration between Finery Markets and Hidden Road provides an exciting opportunity to enhance our liquidity provision capabilities by expanding our institutional counterparty network. We have seen a growing trend in the cryptocurrency industry towards more sophisticated prime brokerage structures, a concept that has long been established in traditional finance. “FM Liquidity Match allows us to further strengthen our position as a leading provider of institutional cryptocurrency liquidity by integrating leading brokerage models into our global services.”

Introduction to Finery Markets
As the leading non-custodial cryptocurrency ECN, Finery Markets provides cutting-edge trading infrastructure to institutional players in over 30 countries. We seamlessly connect customers across Latin America, North America, Europe, Asia and Africa.

Since launching in 2019, we have grown our ecosystem, serving over 100 digital asset players, including payment providers, brokers, OTC desks, hedge funds and custodians. We connect digital asset players and provide them with seamless access to our extensive partner network, helping them operate smoothly and efficiently.

For more information, please email info@finerymarkets.com.

Introduction to Hidden Road
Hidden Road Partners is a global credit network for institutions, providing seamless access to traditional and digital markets. Built on a conflict-free, modern technology stack, we eliminate the complexity and costs of prime brokerage, clearing and financing. For more information, please email info@hiddenroad.com.

DV Chain Introduction
DV Chain provides world-class cryptocurrency trading and technology. From easy-to-use web-based charts and click-through trading to white-glove, expert algorithmic ordering, institutions around the world rely on DV Chain’s powerful and reliable technology stack to power and scale their businesses.
DV Chain is an affiliate of DV Trading, a Chicago-based proprietary trading firm, and an affiliate of Independent Trading Group, a Canadian broker-dealer. In 2016, the founders of DV Trading launched DV Chain to apply the technology and trading strategies adopted by DV Trading to provide liquidity to the cryptocurrency market. Since then, DV Chain has become one of the world’s leading cryptocurrency leaders, providing stable, accessible and technologically advanced cryptocurrency liquidity solutions.

About Tradu
Tradu is headquartered in London and has offices around the world. The global Tradu team speaks more than 24 languages ​​and prides itself on providing fast and helpful customer support.
Tradu is part of Stratos Group International, LLC (“Stratos”), a wholly owned subsidiary of Jefferies Financial Group Inc. (“Jefferies”). 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 regulated in the UK, Europe, Australia and South Africa.

About Wincent
Wincent is a leading cryptocurrency market maker with over $3 billion in daily trading volume and over 300,000 daily transactions. Our mission is to enable, empower, and advance a truly decentralized world for more transparent, fair, and efficient markets and products. For more information, please visit https://www.wincent.co/.

Source: Finery Markets

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