Crypto prime brokerage FPG integrates algo trading strategies from ML Tech

Rick Steves

“Institutional investors are looking for new sources of uncorrelated alpha in crypto markets.”

Crypto prime brokerage platform Floating Point Group (FPG) has partnered with ML Tech, a non-custodial investment management and trading platform, to provide access and monitoring of ML Tech’s Algorithmic Trading Strategies from within FlowVault.

FlowVault is FPG’s cryptocurrency settlement and transfers platform for exchange-based trading and helps traders lower trading fees, broaden access to exchanges, and open up new pools of capital. The platform gives traders direct access to exchange’s trading APIs to help them transfer assets between exchanges and wallets without compromising on operational security.

A curated selection of institutional-quality quantitative trading strategies

Leo Mindyuk, Co-Founder of ML Tech, said: “Institutional investors are looking for new sources of uncorrelated alpha in crypto markets. Our partnership with Floating Point Group provides investors access to a curated selection of institutional-quality quantitative trading strategies managed by ML Tech within a secure FlowVault environment. With a number of trading strategies ranging from Delta Neutral Basis and Calendar arbitrage to Market Neutral Statistical arbitrage, investors can choose strategies that fit their risk/return appetite and deploy them directly via FlowVault.”

ML Tech’s separately managed account (SMA) model offers pre-trade/post-trade risk management as well as 24×7 alerting and monitoring while institutional investors benefit from full ownership, transparency, and insurance for funds on FlowVault.

FPG operates as a crypto prime brokerage platform and agency trading desk for asset managers. The company carries insurance for custodied cryptocurrencies and is regulated in the United States, while also holding a VASP registration in the Cayman Islands.

The prime broker has recently appointed ex-Fireblocks Chris Hazelton as Director of Marketing, bringing more than fifteen years of experience in marketing and market research to the role, the last seven of which he spent leading product marketing for crypto and cybersecurity services.

He built and led marketing teams for custody technology provider Fireblocks, mobile security pioneer Lookout, as well as BlackBerry’s $400m enterprise software division. His experience also includes 10 years as an industry analyst with S&P Market Intelligence and IDC Research. As Director of Marketing Hazelton will drive FPG’s brand-building and market leadership across demand generation, content, PR, social, and product marketing. As well as championing customers scaling their crypto businesses with FlowVault.

FPG also appointed Peter Eliades as Head of Distribution, in charge of overseeing sales and business development teams in the U.S. and APAC regions, reporting to co-founder Kevin March. Joining a predominately technical and crypto-native leadership team, Peter Eliades is as TradFi as it gets, having spent most of his career at banking giants J.P. Morgan and Wells Fargo.

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