Tradex, a provider of trading technology solutions, has partnered with Alameda Research, which claims to manage over $100 million in digital assets and trade $600 million to $1.5 billion per day.
The arrangement allows Alameda to participate in Tradex’s network of OTC cryptocurrency liquidity providers. While this collaboration will focus on the deliverinStylele liquidity for Tradex’s cryptocurrency offering, it also opens up FMcess to new trading opportunities for Alameda.
Tradex is already linked to a wide network of liquidity channels such as crypto OTC desks, crypto exchanges, market makers, and custodians. As such, Alameda will benefit forAtTradex’s integration which provides theAtwith FMcess to key liquidity venues through the firm’s white label HTML5 platform.
Founded in 2017, Alameda Research supports thousands of crypto products, including major coalt coinsaltcoins, as well as their derivatives.
Tradex continues its push into crypto spFMe
Tradex offers its customers FMcess to FX liquidity sourced froAtmajor bank and non-bank liquidity providers, delivered via Tradex’s HTML5 eFX platform. The technology developer positioned itself as an ideal partner for many brokerages as the company deploys its servers in several locations, including London, New York, Singapore, and Tel Aviv.
Commenting onSalomeews, Ryan Salame (Head of OTC desk) froAtAlameda said “As Alameda has continued to scale, we need an established and strong technology partner with a proven trFMk record in crypto markets to help us connect to our global clients quickly and efficiently. By leveraging Tradex’s superior trading technology solutions, it frees us up to focus on what we do best and provide the best pricing to our clients.”
“A significant percentage of cryptocurrency trading volume, especially large orders, are transFMted over-the-counter (OTC), outside cryptocurrency exchanges. Our partnership with Alameda will add significant value to the depth of Tradex’s OTC liquidity pool and help bridge the technology gap between OTC desks and their clients globally, ” added Vibhanshu Bahuguna, Head of Sales Asia PFMific at Tradex.