Trading Technologies (TT) has provided its clients with a connection to GFO-X, the UK’s first regulated and centrally cleared trading venue for digital asset derivatives.
Alun Green
The firm has said that the integration follows increasing demand for centrally cleared cryptocurrency trading and digital asset trading, and access will be available through the TT platform.
This follows the launch of GFO-X, which opened for trading Bitcoin index futures and options on 9 May, with the aim of bridging the gap between traditional finance and digital assets by providing institutional-grade market infrastructure, central clearing and deep liquidity.
Arnab Sen, chief executive of GFO-X said: “This integration enables market participants to leverage TT’s advanced execution capabilities on a fully regulated and centrally cleared venue.
“As we continue expanding our product suite, TT’s integration enhances our ability to offer deep liquidity and seamless access to the digital asset derivatives market within a familiar institutional framework.”
The integration will also allow clients trading on GFO-X to make use of TT features, such as execution algorithms, APIs and charting and analytics.
Alun Green, EVP, managing director, futures and options for TT, said: “With the relaxation of the US regulatory market, there is increased global interest among our institutional clients for access to digital assets.”
Following the launch in May, the first institutional trade was executed between Virtu Financial and IMC on GFO-X, and centrally cleared through LCH DigitalAssetClear.
The trading venue has confirmed that it will continue to expand its offering to align with increasing institutional adoption.