4OTC, a FinTech provider of connectivity services for Digital Assets and FX, has announced that Russell Fernandes and Mark Price have joined Alexis Atkinson as Co-Founders.
Fernandes is well known for his market and technical expertise and previously worked at Rabobank for 20 years, where he was ultimately Head of FX Development. In this role he was responsible for developing and maintaining multiple mission critical systems in FX spot and derivatives electronic pricing, trading and risk management.
Price, a renowned low latency and high-performance software practitioner, was previously an independent consultant, where he developed several low latency matching engines for FX and Crypto clients. Prior to this, he was Lead Performance Engineer at LMAX Exchange, where he led the team responsible for application performance and systems-tuning strategies to deliver a low latency venue.
Fernandes says: “Institutions are increasingly looking to expand into Digital Assets, but market fragmentation and a lack of institutional grade infrastructure are significant barriers to adoption and efficiency. I have seen first-hand the need for a service like 4OTC which allows clients to quickly connect to multiple FX and Digital Assets venues and liquidity providers using a robust, high performance product. This enables clients to focus on business value, maximising efficiency and profit.”
Price, Co-Founder says: “Responding to the demands of Institutional FX and Digital Assets traders, our purpose-built single API delivers low latency connectivity, which is highly scalable, robust and secure. With new trading venues launching frequently we have also made speed of onboarding a differentiator for our service, where we typically have clients and venues up and running in a matter of hours. We aim to do the hard work of integration for our clients, providing a single, convenient interface to many disparate providers.”
Atkinson says: “Russell, Mark and I have a shared goal of providing best in class infrastructure for OTC markets, where there is significant change in the FX market in particular, in part driven by the increased adoption and usage of Digital Assets such as Bitcoin. With our 1API service, we make it significantly quicker and easier for institutions to connect to both FX and Digital Asset markets. Combining our experience of capital markets technology and client relationships, we’re looking forward to working together to address the needs of the institutional market during a period of exciting change.”
4OTC provides technology to address the challenges of OTC trading desks in the FX and Digital Asset markets. In February, it announced that its 1API was being used by Cobalt, the FX and Digital Asset infrastructure provider, to connect with market data, providing Cobalt with increased access to market data venues. 4OTC’s 1API delivers low latency, highly scalable and secure connectivity for banks, market makers and buy-side trading firms. The service connects to multiple liquidity providers and venues in Digital Assets and FX markets.
