Markets
Crossover Markets Becomes First Crypto ECN to Integrate with Talos
Customer demand for access to CROSSx drives new integration
NEW YORK and LONDON, May 13, 2024 /PRNewswire/ — Cross Marketsa digital asset technology company focused on meeting the unique liquidity requirements of institutions, and Stalksthe leading provider of institutional technology for digital asset trading, today announced that Crossover’s CROSSx The institutional crypto trading venue has been integrated into the Talos trading platform, joining Talos’ existing network of providers. CROSSx is the first ECN to integrate with Talos.
As a result of this integration, Talos users will have access to CROSSx personalized liquidity, high-speed trade execution, and tight spreads. CROSSx not only aims to reduce the cost of trading, but to do so while limiting market impact, a critical metric that Talos provides clients in its suite of post-trade analytics.
“Talos offers transparency in post-trade analysis for institutional clients who are experiencing a material change in market structure,” he said Brandon Mulvihill, co-founder and CEO of Crossover Markets. “Clients demand lower trading costs, in terms of spreads and market impact, which is something that is being discussed more frequently in digital. CROSSx’s execution speed and configurable liquidity, along with the absence of quote restrictions for makers, are designed to provide clients with the best trading experience: together, these features help compress spreads and reduce market impact . We believe that combining Talos’ 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 to deliver a trading experience that meets institutions’ unique requirements,” said Anton Katz, co-founder and CEO of Talos. “We are excited to be able to connect our clients with CROSSx, a unique place in the digital asset landscape that offers clients the ability to personalize their liquidity interactions while optimizing for speed, an important factor when trying to achieve the best execution”.
Current Talos or Crossover customers can contact their account teams to get started. New customers who want to know more can get in touch [email protected] or [email protected].
About Crossover
Crossover Markets is a digital asset trading technology company 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, most advanced matching engine and includes ordering logic that allows customers to choose who they want to trade with. Led by a team with decades of foreign exchange trading, top-tier brokerage technology, and artificial intelligence expertise, Crossover is ushering in 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 entire digital asset trading lifecycle, including liquidity sourcing, price discovery, trading, settlement, borrowing, borrowing, and portfolio management. Designed by a team with unparalleled experience in building institutional trading systems, the Talos platform connects institutions to key players in today’s digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians and more – through from a single entry point. 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 trading product or strategy. Furthermore, no Talos product or service is intended to constitute investment advice or a recommendation to make (or refrain from making) any type of investment decision and may not be relied upon 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
Cutting-edge communications for crossover
[email protected]
+44 (0) 7375 288 641
Lauren Shepperson
Talos Communication Consultant
[email protected]
SOURCE Crossover Markets