Reactive Markets Launches Crypto Trading
Posted by Colin Lambert. Last updated: September 8, 2021
Reactive Markets has launched disclosed cryptocurrency trading on its Switchboard network, supported by five liquidity providers, Cumberland DRW, Flow Traders, Galaxy Digital, Genesis Trading and Wintermute.
Switchboard is an open, fully-disclosed, liquidity network for FX and crypto trading, where clients connect to a single API or front-end GUI.
“As institutional Crypto trading volumes continue to rise, we have seen a sharp increase in clients looking to improve their execution by trading directly with their liquidity providers using our Switchboard network,” says Phil Morris, CEO of Reactive Markets. “By offering simple, free, access to leading OTC liquidity providers via our unified API and trader desktop, we enable clients to rapidly connect to the best liquidity in the market.
“If clients have a relationship with our LPs they can begin to trade with them on Switchboard immediately, benefitting from our cutting edge institutional trading network and a highly cost effective way to trade,” he adds.
Folkert Joling, chief trading officer at Flow Traders, adds, “Flow Traders is excited about the launch of Reactive Markets Switchboard and is delighted to be engaging as an early adopter liquidity provider on Switchboard. This low latency platform via a single harmonised API will enable Flow Traders as a leading liquidity provider to provide competitive disclosed OTC FX and Crypto liquidity and execution.”