TradingScreen launches crypto access for the buy-side with Mainbloq
TradingScreen (TS), the cloud-based multi-asset Order and Execution Management System (OEMS) provider, and digital currency trading platform Mainbloq, have today announced a strategic partnership to integrate TS’s leading OEMS solution, TradeSmart®, with Mainbloq’s cryptocurrency trading technology.
1
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Driving the partnership is increasing demand among the buy-side to trade multi-asset classes via one centralised platform, enabling greater operational efficiencies and the seamless integration of workflows.
Mainbloq’s technology will be integrated directly into TradeSmart’s interface, providing TradeSmart users with access to Mainbloq’s cryptocurrency trading platform on one screen.
“Partnering with TradingScreen was one of our easier decisions,” said Ryan Kuiken, CEO of Mainbloq.
“From regulation to volatility, obstacles faced by institutional investors taking part in crypto markets are shrinking. We believe in the future of digital assets and TradingScreen’s commitment to the future has us all truly excited,” he adds.
TradeSmart users will benefit from access to global cryptocurrency liquidity and best execution via Mainbloq Smart order Routing (SOR) and a suite of algorithms including TWAP, VWAP, Iceberg, PEG, Basket, Percent of Volume and Implementation Shortfall.
“At TS, we’re continuously striving to develop our offering to add value to our clients. And combining TS’s cutting-edge technology with Mainbloq’s cryptocurrency trading tools enables us to do exactly that,” said Alexandre Carteau, TradingScreen’s Head of Crypto.
“The listed crypto market is very fractioned and it is challenging for clients to achieve best execution on the various venues available. Having a powerful SOR coupled with algos is paramount to achieving client satisfaction.”
Carteau adds: “Partnering with a market-leader in the digital currency space ultimately means that TradeSmart users can continue to trade multi-asset classes, including crypto, all under one roof – the power of which cannot be understated.”