Crossover Integrates with Talos
Posted by Colin Lambert. Last updated: May 14, 2024
Crossover markets says its Crossx platform has become the first crypto ECN to integrate with technology provider Talos.
The move means Talos users will have access to Crossx’s tailored liquidity and trade execution services, which seek to limit market impact, a critical metric that the firms say Talos provides to clients in its post-trade analytics suite.
“Talos delivers transparency in post-trade analytics to institutional clients that are experiencing a material change in market structure,” says Brandon Mulvihill, co-founder and CEO of Crossover Markets. “Clients demand lower costs of trading, in terms of both spreads and market impact, which is a data point being discussed more frequently in digital. Crossx’s speed of execution and configurable liquidity, coupled with no quote restrictions on makers, are designed to give clients the best trading experience. Together, these features help to compress spreads and lower market impact. We believe that combining Talos’s robust analytics with Crossx’s ability to deliver performance at scale is a powerful partnership that institutional clients will enjoy.”
Anton Katz, co-founder and CEO of Talos, adds, “Talos and Crossover Markets share a heritage rooted in traditional finance and a mission of delivering a trading experience that meets the unique requirements of institutions. We are excited to be able to connect our clients with Crossx, a unique venue in the digital asset landscape that offers clients the ability to customise their liquidity interactions while being optimised for speed, an important factor when trying to achieve best execution.”