Client demand for access to CROSSx drives new
integration
NEW
YORK and LONDON,
May 13,
2024 /PRNewswire/ -- Crossover Markets, a
digital asset technology firm focused on meeting the unique
liquidity requirements of institutions, and Talos, the
premier provider of institutional technology for trading digital
assets, today announced that Crossover's CROSSx
institutional crypto trading venue has been integrated
with the Talos trading platform, joining Talos's existing provider
network. CROSSx is the first ECN to integrate with Talos.
As a result of this integration, Talos users will have access to
CROSSx's tailored liquidity, high-speed trade execution and tight
spreads. CROSSx not only aims to drive down the cost of trading but
to do so while limiting market impact, a critical metric that Talos
provides to clients in its post-trade analytics suite.
"Talos delivers transparency in post-trade analytics to
institutional clients that are experiencing a material change in
market structure," said Brandon
Mulvihill, Co-Founder and CEO of Crossover Markets.
"Clients demand lower costs of trading, in terms of both spreads
and market impact, which is a data point being discussed more
frequently in digital. CROSSx's speed of execution and configurable
liquidity, coupled with no quote restrictions on makers, are
designed to give clients the best trading experience: together,
these features help to compress spreads and lower market impact. We
believe that combining Talos's robust analytics with CROSSx's
ability to deliver performance at scale is a powerful partnership
that institutional clients will enjoy."
"Talos and Crossover Markets share a heritage rooted in
traditional finance and a mission of delivering a trading
experience that meets the unique requirements of institutions,"
said Anton Katz, Co-Founder and
CEO of Talos. "We are excited to be able to connect our clients
with CROSSx, a unique venue in the digital asset landscape that
offers clients the ability to customize their liquidity
interactions while being optimized for speed, an important factor
when trying to achieve best execution."
Current clients of Talos or Crossover can contact their account
teams to get started. New clients who wish to learn more can
contact sales@talos.com or info@crossovermakets.com.
About Crossover
Crossover Markets is a digital asset
trading technology firm focused on meeting the unique liquidity
requirements of institutions in the cryptocurrency
markets. CROSSx, the company's execution-only
cryptocurrency Electronic Communication Network (ECN),
is powered by the industry's fastest and most advanced matching
engine and includes order logic that enables clients to choose whom
they want to trade with. Led by a team with decades of FX trading,
prime brokerage technology and artificial intelligence experience,
Crossover is ushering the next big wave of institutions in the
crypto market. For more information, visit
www.crossovermarkets.com.
About Talos
Talos provides institutional-grade
technology that supports the full digital asset trading lifecycle,
including liquidity sourcing, price discovery, trading, settlement,
lending, borrowing and portfolio management. Engineered by a team
with unmatched experience building institutional trading systems,
the Talos platform connects institutions to key participants in
today's digital asset ecosystem – exchanges, OTC desks, prime
brokers, lenders, custodians and more – through a single point of
entry. By streamlining the entire trading process, Talos helps
clients mitigate intermediary risk and facilitate best execution.
For additional information, visit www.talos.com.
Talos Disclaimer: Talos Global, Inc., together with its
affiliates (collectively, "Talos"), is not an investment advisor or
broker/dealer. No Talos product or service constitutes an offer to
buy or sell, or a promotion or recommendation of, any digital
asset, security, derivative, commodity, financial instrument or
product or trading strategy. Further, No Talos product or service
is intended to constitute investment advice or a recommendation to
make (or refrain from making) any kind of investment decision and
may not be relied on as such. Talos offers software as a service
products that provide connectivity tools for institutional clients.
Services may not be available in all jurisdictions.
Media Contacts
Jennifer Berlin
Forefront Communications for Crossover
crossover@forefrontcomms.com
+44 (0) 7375 288 641
Lauren Shepperson
Communications Consultant for Talos
media@talos.com
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SOURCE Crossover Markets