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 value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

Kraken to Launch Colocation Service for Ultra-Low Latency Crypto Trading, Powered by Beeks Group

Cryptocurrency exchange Kraken has announced plans to introduce a colocation service aimed at clients seeking ultra-fast trade execution. The service, set to launch later this year, will provide access to ultra-low latency trading via Kraken’s European data centre. Clients will be able to rent cloud compute resources from Beeks, a provider of low-latency connectivity and...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Practicalities of Working with the Global LEI

This special report accompanies a webinar we held on the popular topic of The Practicalities of Working with the Global LEI, discussing the current thinking around best practices for entity identification and data management. You can register here to get immediate access to the Special Report.