(OTCXN), an institutional trading network and infrastructure provider utilising blockchain technologies, announced this Thursday that Fractal Wealth has joined the network.
Fractal Wealth is a digital asset proprietary algorithmic trading firm which uses algorithmic strategies to source and offer liquidity. The new addition to the OTCXN Network will allow customers to have access to a new source of liquidity.
Financial firms, such as trading entities and exchanges, use OTCXN’s technology to allow over-the-counter (OTC) block trades to be cleared and settled. The purpose of the company is to give the cryptocurrency space a clearing and settlement solution which helps to remove settlement and trading counterparty risks, while at the same time, connect liquidity providers.
Source: LinkedIn
“As an algorithmic trading firm, they will benefit from the ability to trade programmatically on OTCXN’s ECN, LiquiMatch… All liquidity on the OTCXN network is actionable – or tradable – with Fractal Wealth holding a single collateral account at their custodian on the OTCXN network.”
OTCXN nears launch of LiquiMatch
The network is close to launching LiquiMatch, a matching engine which is scheduled to be released in the first quarter of 2019. LiquiMatch will be both a Dark Pool and Lit Central Limit Order Book hybrid ECN for cryptocurrencies.
Source: LinkedIn
“By allowing firms to keep their assets at their custodian, OTCXN also can help simplify the process of moving funds between trading venues. At Fractal Wealth, we are excited to partner with OTCXN and provide liquidity on their platform.”
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