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To
enhance the institutional trading experience in the crypto space, Finery
Markets, a non-custodial crypto Electronic Communication Network and
trading infrastructure provider for institutional players, has officially
entered into a partnership with Hidden Road Partners. This collaboration is
marked by the integration of Finery Markets’ flagship solution, FM Liquidity
Match, into the operations of Hidden Road, a prime broker for crypto spot
transactions.
The
institutional participants have embraced the innovative FM Liquidity Match,
which offers easy electronic access to robust institutional Over-The-Counter liquidity.
Michael Higgins, Global Head of Business Development at Hidden Road, Source: LinkedIn
This
ensures a high-quality execution environment while safeguarding against toxic
flow in crypto spot transactions. Hidden Road acts as a prime broker within
this framework, overseeing efficient credit intermediation and post-trade
settlement for its clients engaging in crypto trades.
Konstantin Shulga, Co-Founder and CEO of Finery Markets, Source: LinkedIn
“We
are excited to announce that we have expanded our partnership with Hidden Road,
a leading prime broker for digital assets. Through their role as a prime broker
via FM Liquidity Match, Hidden Road now offers their customers the first OTC
trading infrastructure that provides ‘no last look’ execution for liquidity
takers, while also offering toxic flow protection for market makers,” said
Konstantin Shulga, the Co-Founder and CEO of Finery Markets.
FM
Liquidity Match Enhances Functionality
FM
Liquidity Match presents a user-friendly interface, available through both a
Graphical User Interface and Application Programming Interface, supporting
protocols such as FIX 4.4, REST, and WebSocket. The platform introduces
cutting-edge features that are poised to elevate the institutional trading
experience to unprecedented levels.
One
of the standout features of FM Liquidity Match is the provision for anonymous
trading within a firm liquidity pool, eliminating the concept of “last
look” for liquidity takers and incorporating toxic flow protection for
market makers. This anonymity is coupled with a seamless electronic onboarding
process, streamlining the experience for Hidden Road’s clients. The platform
further incorporates a role-based access system, ensuring secure and controlled
participation.
📢 Finery Markets has partnered with Hidden Road to launch an industry-first firm OTC liquidity pool with toxic flow protection. 🤝 pic.twitter.com/iUg2Tpkfxu
— Finery Markets (@finerymarkets) January 25, 2024
To
fortify risk management, FM Liquidity Match integrates pre-trade risk
management controls with customizable risk limits, offering participants the
flexibility to tailor their risk exposure according to their specific
preferences and strategies. Additionally, the platform supports flexible
post-trade settlement options and adheres to travel-rule compliant reporting,
meeting regulatory standards in the rapidly evolving crypto landscape.
“Hidden
Road is committed to offering our clients a comprehensive range of tools, both
through our own products and in collaboration with trusted partners. We are
pleased to announce that Finery Markets’ venue has joined our list of execution
venues, extending Hidden Road’s credit network and OTC prime brokerage
offering.”
“This partnership exemplifies our dedication to empowering clients to
select their preferred price discovery centers and liquidity solutions. We
believe that Finery Markets’ unique offering is a valuable addition to our
network,” Michael Higgins, the Global Head of Business Development at Hidden Road, said.
To
enhance the institutional trading experience in the crypto space, Finery
Markets, a non-custodial crypto Electronic Communication Network and
trading infrastructure provider for institutional players, has officially
entered into a partnership with Hidden Road Partners. This collaboration is
marked by the integration of Finery Markets’ flagship solution, FM Liquidity
Match, into the operations of Hidden Road, a prime broker for crypto spot
transactions.
The
institutional participants have embraced the innovative FM Liquidity Match,
which offers easy electronic access to robust institutional Over-The-Counter liquidity.
Michael Higgins, Global Head of Business Development at Hidden Road, Source: LinkedIn
This
ensures a high-quality execution environment while safeguarding against toxic
flow in crypto spot transactions. Hidden Road acts as a prime broker within
this framework, overseeing efficient credit intermediation and post-trade
settlement for its clients engaging in crypto trades.
Konstantin Shulga, Co-Founder and CEO of Finery Markets, Source: LinkedIn
“We
are excited to announce that we have expanded our partnership with Hidden Road,
a leading prime broker for digital assets. Through their role as a prime broker
via FM Liquidity Match, Hidden Road now offers their customers the first OTC
trading infrastructure that provides ‘no last look’ execution for liquidity
takers, while also offering toxic flow protection for market makers,” said
Konstantin Shulga, the Co-Founder and CEO of Finery Markets.
FM
Liquidity Match Enhances Functionality
FM
Liquidity Match presents a user-friendly interface, available through both a
Graphical User Interface and Application Programming Interface, supporting
protocols such as FIX 4.4, REST, and WebSocket. The platform introduces
cutting-edge features that are poised to elevate the institutional trading
experience to unprecedented levels.
One
of the standout features of FM Liquidity Match is the provision for anonymous
trading within a firm liquidity pool, eliminating the concept of “last
look” for liquidity takers and incorporating toxic flow protection for
market makers. This anonymity is coupled with a seamless electronic onboarding
process, streamlining the experience for Hidden Road’s clients. The platform
further incorporates a role-based access system, ensuring secure and controlled
participation.
📢 Finery Markets has partnered with Hidden Road to launch an industry-first firm OTC liquidity pool with toxic flow protection. 🤝 pic.twitter.com/iUg2Tpkfxu
— Finery Markets (@finerymarkets) January 25, 2024
To
fortify risk management, FM Liquidity Match integrates pre-trade risk
management controls with customizable risk limits, offering participants the
flexibility to tailor their risk exposure according to their specific
preferences and strategies. Additionally, the platform supports flexible
post-trade settlement options and adheres to travel-rule compliant reporting,
meeting regulatory standards in the rapidly evolving crypto landscape.
“Hidden
Road is committed to offering our clients a comprehensive range of tools, both
through our own products and in collaboration with trusted partners. We are
pleased to announce that Finery Markets’ venue has joined our list of execution
venues, extending Hidden Road’s credit network and OTC prime brokerage
offering.”
“This partnership exemplifies our dedication to empowering clients to
select their preferred price discovery centers and liquidity solutions. We
believe that Finery Markets’ unique offering is a valuable addition to our
network,” Michael Higgins, the Global Head of Business Development at Hidden Road, said.
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