Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

36561

Talos combines crypto and FX with latest platform addition

RELATED TOPICS​

Talos, a technology provider for the institutional trading of digital assets, has launched a new feature on its platform that allows its clients to define and trade synthetic pairs that include FX and crypto “legs.” 

Talos, a technology provider for the institutional trading of digital assets, has launched a new feature on its platform that allows its clients to define and trade synthetic pairs that include FX and crypto “legs.” 

As a result, Talos’s clients can now trade or provide prices in pairs like BTC-EUR by automatically combining the FX (ex EUR-USD) and the digital asset (ex BTC-USD) legs to derive a cross rate with a tighter spread.
 
Non-US clients looking to trade between their home currency and crypto will typically encounter wider – if any – spreads. This forces them to trade via more liquid pairs like BTC-USD. Talos’s new functionality significantly streamlines the FX leg, reducing the operational burden and the associated market risk for such scenarios and improving execution costs considerably.
 
“Digital assets are traded worldwide by the retail sector and institutions alike, but the majority of the liquidity remains in USD-denominated pairs,” says Anton Katz, co-founder and CEO of Talos. “Given the rapidly increasing number of non-US institutional clients we’re now seeing, the ability to trade seamlessly from any fiat currency to any cryptocurrency should significantly reduce trading costs and bring further international players to our platform.”
  
By marrying FX and digital assets, Talos delivers an efficient, end-to-end solution that effectively gives an investor direct access to a global pool of both FX and crypto liquidity, as well as the ability to move efficiently from asset to asset. Additionally, through Talos’s digital asset trading platform, investors can see all active trading counterparties along with available quantities across all supported FX and synthetic markets. Using the platform’s FX capabilities, the system will arrive at a single cross-rate price based on the quantity required and will then concurrently execute both the FX and crypto components of the transaction.
 
Katz adds: “We believe that the rise of initiatives like DeFi, Central Bank Digital Currencies, and the tokenisation of traditional asset classes will benefit from a unified technology supporting all of them. The addition of the synthetic crossing functionality is yet another example of our commitment to help institutions interact with this new world through a familiar lens.”
 
Publicly launched at the beginning of October after a year of live trading with clients, the Talos platform is built exclusively to support end-to-end trading of digital assets – from onboarding to price discovery, execution and settlement – including bilateral access to liquidity providers. Talos offers solutions to meet the needs of both investors and financial service providers, including prime brokers, OTC liquidity providers, lenders, custodians, and exchanges. Clients access the Talos platform via API or GUI, and it is highly configurable to their unique workflow requirements.
 

Latest News

Iress has announced that it has extended its partnership with Dow Jones Newswires to give..
The Financial Conduct Authority (FCA) writes that in new rules, it has set out a..
GAM has announced it has reached a definitive agreement to transfer its Management Company activities..

Related Articles

infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Duncan Higgs, Bfinance
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges in investment management fees and costs across various asset classes...
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by