ZagTrader and BeQuant show crypto FIX-ation
Institutional order management platform ZagTrader has inked a deal with cryptocurrency trading company BeQuant, reports David Penn at Finovate.
Partnership builds on the current relationship
The partnership builds on the current relationship between the two companies to enable institutional investors – including market makers, quant desks and active traders – to access cryptocurrencies using the Financial Information Exchange (FIX) and APIs.
“Over the years, ZagTrader focused on delivering an end-to-end regulatory compliant platform to clients in the traditional market space,” company CEO Shihab Khalil says. “As regulators become more involved in the crypto space, ZagTrader is ready to deploy with all the bells and whistles to keep the client’s business running smoothly and the regulators satisfied.”
ZagTrader serves clients in the brokerage, investment banking, capital markets, and asset management industries,
It provides a platform that supports front, middle, and back office operations; global feeds; order management; as well as mobile and online trading. Real-time analytics, market intelligence insights, and algorithmic trading are among the platform features that help users with trade execution and performance.
BeQuant CEO George Zarya points to a growing interest in cryptocurrencies from institutions despite recent price pressures in the digital asset market, and says working with ZagTrader will help them make the most of this reality.
Headquartered in Dubai, ZagTrader was founded in 2009. Last fall/autumn, the company reported that the number of crypto exchange destinations covered by its platform had climbed to more than 130. ZagTrader also announced that investment solution provider Bitbloxx would go live with its cryptocurrency order management solution.
Other partnerships forged in the second half of 2018 included a deal with Digital Gamma that expanded the company’s reach into the US market, and a partnership with TickerChart announced in September.
