Finery Markets and Hidden Road Link Up
Posted by Colin Lambert. Last updated: October 24, 2022
Crypto execution platform Finery Markets has teamed up with prime brokerage services provider Hidden Road, to deliver liquidity and execution services.
“Crypto market structure is still in its infancy, and historically lacked prime brokerage services for institutions, such as asset lending, clearing and custody,” explains Konstantin Shulga, co-founder and CEO of Finery Markets. “We see more and more institutional players want to trade digital currencies, but they face infrastructural flaws from excessive number of connectivity points to capital efficiency issues to post-trade operational difficulties.
“By partnering with the first independent prime broker in the space, Hidden Road, we are happy to provide their counterparties with an access to our OTC multi-dealer execution platform, which fits well for matching larger institutional trades thanks to deeper liquidity. This will help institutional players to reap the benefits of crypto and expand the crypto market even further.”
Michael Higgins, global head of business development at Hidden Road, adds, “The addition of Finery to the roster of execution venues and ECNs supporting Hidden Road’s credit network and OTC prime brokerage offering further demonstrates our partner-first philosophy. Hidden Road enables clients to choose their own price discovery centres and liquidity solutions, and Finery is a great addition to the network.”