Talos Teams with Enclave Markets
Posted by Colin Lambert. Last updated: August 21, 2023
Enclave Markets, which claims to be the world’s first fully encrypted exchange, says it has integrated with digital assets technology provider Talos to allow the latter’s clients to confidentially trade blocks of digital assets.
The integrations means that Talos clients are able to trade Cross Orders, something Enclave says it’s a new order type only available through its crossing network Enclave Cross. This uses, Enclave adds, “enterprise-level encryption that protects counterparties from front-running in the confidential trading environment”.
Enclave also says the solution provides traders with the ability to minimise slippage and overall market impact of their trades, both key features of a “dark” mechanism, it adds that since the beginning of the year, Enclave Cross volumes have increased over 1,000%, however, predictably, it provides no context on what those numbers actually are.
“With the digital asset industry moving further towards maturity, providing utility to professional and retail traders alike remains a key aspect of our core mission,” says David Wells, CEO of Enclave Markets. “By collaborating with Talos, we are creating additional trustworthy and secure transacting options for sophisticated digital asset management professionals, offering anonymity and high levels of risk mitigation across all their trades without ever having to leave the Talos platform.”
Anton Katz, Talos co-founder & CEO, adds, “This partnership aligns with our commitment to offering institutional-grade solutions that empower our clients with secure and confidential trading options. Enclave’s innovative approach to confidential trading complements our goal of delivering optimal market performance, and we look forward to further expanding the utility and value we provide to our users through this collaboration.”