Talos will expand its algo trading suite to include spread trading, as well as incorporating a block trading interface into its RFQ platform through the tie-up; offering comes as institutional demand for prediction markets roars louder.
The collaboration is expected to tackle the fragmentation of collateral and risk workflows across digital and traditional infrastructures and provide a unified framework for clients to scale tokenisation strategies.
First phase of the agreement will provide TT clients with access to an additional 14 cryptocurrency markets in the third quarter of this year.
The synthetic crossing functionality allows users to trade or get prices on pairs in any non-USD currency and cryptocurrency with Talos.
Justin Schmidt joins Talos as head of strategy after spending the last three years as head of digital asset markets at US investment bank Goldman Sachs.
Gaze into The TRADE's crystal ball for insights from FinTech and RegTech providers, as well as participants in the crypto space on their predictions for the year ahead.