Talos, Trading Technologies, Unveil Partnership
Posted by Colin Lambert. Last updated: June 15, 2022
Trading software provider Trading Technologies (TT) has entered a strategic partnership with crypto trading technology provider Talos to integrate the latter into the TT platform. TT says the agreement “represents the first major strategic partnership propelling TT’s expansion into multiple asset classes”.
Phase one of the partnership intends to give TT clients ready access to 14 additional cryptocurrency markets in Q3 2022, beyond the four already offered directly through its platform. The firms say later phases will incorporate more of Talos’ trading services onto the TT platform.
“Our acquisition by 7Ridge late last year has given us the ability to make a substantial investment into broadening our offering into new asset classes, including through partnerships with the most innovative and reliable firms with domain expertise,” says TT CEO Keith Todd. “Among our first priorities is becoming a primary hub for crypto trading, giving our clients the array of choices, premier functionality and liquidity that has been a hallmark of our exchange-traded derivatives offering.”
The firm has been offering crypto trading access since 2018, it says, when it connected natively to Coinbase, BitMex, Bakkt and Deribit, the agreement with Talos will see it add other platforms including Binance, Bitstamp, ErisX, FTX, Gemini and Kraken.
“Trading Technologies has earned its high repute within the traditional institutional trading infrastructure space, and together we will be able to bring institutional-grade digital asset services to this long-established community with a level of familiarity and quality to which they are accustomed,” says Talos co-founder and CEO Anton Katz
Jason Shaffer, EVP product management at TT, who is leading the what the firm calls its “new” cryptocurrency initiative, adds, “Talos has the trust of the world’s leading institutions and a powerful foothold, infrastructure and track record in the evolving crypto space. Institutional demand continues to build for this asset class, along with a need for reliable technology partners to help facilitate adoption. Combined with Talos’ infrastructure, our proven technology will help our clients participate in the crypto space with ease and confidence.”