MARKTS, an all-asset class order and execution management system (OEMS) for trading cryptocurrencies, has announced a partnership and product integration with Seed Digital Commodities Market (SCXM), a licensed digital asset exchange for institutional investors.
MARKTS, an all-asset class order and execution management system (OEMS) for trading cryptocurrencies, has announced a partnership and product integration with Seed Digital Commodities Market (SCXM), a licensed digital asset exchange for institutional investors. MARKTS, a TradingScreen Inc company, will bring traders simplified access to new digital asset classes and currencies through a centralised network for institutional market participants. Additionally, MARKTS will look to further build out its partnership ecosystem, specific to cryptocurrencies and digital asset exchanges.
The partnership will bring institutional investors the opportunity to securely, seamlessly and efficiently access the crypto market. The initial integration with SCXM into MARKTS’ front-end technology will offer TradingScreen clients to benefit from its features and capabilities. These include specific access to crypto as an asset class, settlement of the asset, as well as the ability to trade crypto via spot markets and derivatives with the same multi-asset workflow.
“SCXM’s goal is to bring buyers and sellers together in a fair and stable marketplace with low cost, low slippage, reasonable margin and deep liquidity,” says Edward Woodford, SCXM CEO.
“We are especially excited about partnering with MARKTS because of their proven technology and ability to integrate within a large network effectively. We see mutual benefits from connecting with its hedge fund, asset management and private banking clients who will offer additional participants and added liquidity across our marketplace.”
Alex Carteau, head of MARKTS, adds: “There is no denying that obstacles related to cryptocurrency trading exist – from a host of market manipulators to cyber hacks – but TradingScreen has confronted various types of challenges as it relates to other asset-classes for more than two decades. We here at MARKTS are confident in our approach in developing new solutions for all asset classes.”