About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Trading Technologies Partners with Talos to Broaden Its Institutional Crypto Offering

Subscribe to our newsletter

Trading Technologies has entered into a strategic partnership with Talos, a provider of institutional digital asset trading technology. The move is aimed at broadening the derivatives trading system vendor’s cryptocurrency coverage by leveraging Talos’ infrastructure and market connectivity.

The first phase of the partnership agreement will add 14 cryptocurrency markets in the third quarter of 2022 to the four already offered directly through the TT platform. Later phases will incorporate more of Talos’ trading services within the TT platform.

TT’s first foray into cryptocurrencies was its partnership with Coinbase in 2018, followed by a handful of other crypto venues. Following TT’s acquisition by 7RIDGE in December 2021, one of the company’s first priorities is to become a primary hub for crypto trading, according to CEO Keith Todd.

“We’ve been in crypto since 2018, but through 2020-2021, as we went through the process of selling the company, our work in the area ended up on hold in many ways,” says Jason Shaffer, TT’s EVP Product Management, who is leading the company’s new cryptocurrency initiative.

“In January, after the acquisition closed, we started re-engaging our existing customer base about crypto, asking about what they were doing and what they needed. It became very clear that there was an opportunity to build out the appropriate access to crypto markets and exchanges as a first step, and then non-exchange venues like brokers and OTC markets.”

The company started looking for an appropriate partner and Talos fit the bill, says Shaffer. “We were very quickly aligned in terms of what each of us brought to the partnership. Talos’ entire premise is to provide access to crypto markets for institutional traders. And while TT has a strong customer base of institutional traders, we were still building out our crypto expertise and access. So very quickly we realized that the partnership made a lot of sense to both sides.

“The idea is to let Talos provide the crypto expertise and continue building tools for institutional traders, and let us focus on our core trading platform, expanding the crypto access to sell-side and buy-side traders. And as Talos continues to build services, we will offer those natively on the platform.”

The new partnership with Talos expands on TT clients’ ability to trade on a broad range of digital asset markets, alongside other asset classes, including with Binance, Bitstamp, ErisX (now part of Cboe Global Markets), FTX, Gemini, Kraken and others.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Competitive Edge with Outsourcing and Managed Services in Trading Technology

Outsourcing has emerged as a strategic solution for capital markets firms as trading technology infrastructures become more complex, data volumes grow exponentially, and regulatory pressures intensify. .By leveraging third-party expertise, firms can optimise operations, reduce costs, and focus on innovation in their trading technology stack. Outsourcing potentially enables firms to scale seamlessly, meet regulatory reporting...

BLOG

CJC and Broadhead Technologies Launch Blockchain-Powered Market Data Contract Platform

CJC, in collaboration with Broadhead Technologies, has officially launched Digital Rights for Data Management (DRDM), a blockchain-based platform designed to enhance market data contract management for financial institutions. The system aims to improve compliance, automate processes, and optimise revenue generation. Built on a custom blockchain distributed ledger technology (DLT) foundation, DRDM enables real-time data tracking,...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Enterprise Data Management

The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...