financemagnates.com
The newest collaboration between two European financial technology companies will provide institutional traders access to the fragmented digital assets market. 4OTC, a FinTech provider for cryptos and FX, has announced a strategic partnership with a multi-asset advanced trading solutions company Quod Financial.
The collaboration aims to offer a comprehensive trading solution for digital assets by integrating 4OTC's API and over-the-counter (OTC) connectivity with Quod Financial's OMS and EMS platforms.
4OTC and Quod Financial Streamline Digital Assets Trading
The partnership paves the way for institutional clients to access crypto liquidity and optimize their trading strategies. 4OTC's flagship product, 1API, streamlines connectivity across numerous digital asset exchanges and liquidity providers.
Combined with Quod Financial's platform, which offers algorithmic trading and smart order routing, the partnership promises a robust ecosystem for digital asset trading.
"We are excited to collaborate with Quod Financial to deliver a sophisticated, high-performance trading solution for our clients," Rob Wing, the Head of Digital Assets at 4OTC, commented. "By combining our market connectivity expertise with Quod's superior trading platform, we are creating a powerful ecosystem that addresses the needs of today's digital asset market participants."
The collaboration with Quod Financial expands 4OTC's reach in delivering trading solutions for digital assets. By providing low-latency access to global digital asset markets, the partnership aims to reduce market barriers significantly.
Medan Gabbay, the CRO at Quod Financial, added that his company's partnership with 4OTC is a strategic step forward.
"Their market-leading connectivity services, when combined with our adaptive O/EMS platform, provide our clients with unparalleled access to digital asset markets," he stated.
Based in London, 4OTC is a financial technology company that provides technology solutions to tackle the challenges faced by trading desks and brokers in FX and crypto markets. The company has recently strengthened its executive team with the appointment of industry veteran Rob Wing as the Head of Digital Assets. On the other hand, Quod Financial is a multi-asset OMS/EMS trading technology provider focused on automation.
The Importance of Liquidity in the Digital Assets Market
The decentralization and fragmentation of the cryptocurrency market make ensuring sufficient liquidity a significant issue. Especially when it comes to institutional players. This is especially true in recent times when the liquidity of the market has recently fallen by 53.4% from its peak reached last October.
The statistics derive from a recent study conducted by CCData, a digital assets data provider formerly known as CryptoCompare. The company has analyzed 14 cryptocurrency exchanges to compile the report.
Nevertheless, there is a rising trend of companies aiming to offer extended liquidity to institutional participants. One of the most recent examples is Gold-i, which has successfully incorporated its Crypto Switch with Hidden Road, a credit network catering to international institutions. This alliance enables both entities to harness Hidden Road's real-time API capabilities, paving the way for robust aggregation of crypto liquidity.