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.

Read this next

Interviews

FIA EXPO 2022: Interview with Trading Technologies

The derivatives trading industry has gathered in Chicago to attend the FIA EXPO 2022 on 14-15 November. 

Market News

What’s moving markets for the week ahead 

The US labor market and the OPEC+ meeting are the most important variables for next week.

Digital Assets

Payments innovator BVNK acquires SPS Ltd to become UK EMI licensed operator

“We believe that regulated, fiat-backed stablecoins combined with the best parts of traditional payments will provide the infrastructure needed to deliver this vision. We will continue to obtain new licences and build out our capabilities to provide our customers with an unparalleled offering.”

Technology

Innovations in Technology and the User Experience — A MarksMan Update

MarksMan Liquidity Hub, the go-to platform for crypto spot liquidity solutions, has just unveiled an exciting update with new UI/UX features.

Technology

Alveo adds Sentiment indicators, Tax, and Regulatory Risk data from SIX

“Market participants increasingly need on-demand access to our vast catalogue of global financial and investor protection related data.”

Technology

B2C2 taps KX to enhance analytics for institutional crypto

“KX technology is proven in enhancing a broad range of mission-critical data and trading systems across front, middle and back-office operations for the majority of the world’s leading tier-one banks, brokerages, and investment firms.”

Executive Moves

ADVFN appoints Amit Tauman as CEO

ADVFN operates global financial information websites for retail investors.

Institutional FX

HKEX launches Hang Seng TECH Index Futures Options, adds after-hours session

“The launch of the Hang Seng TECH Index Futures Options and enhancements to the broader suite of Hang Seng TECH Index derivatives today will provide global investors even more choice and flexibility, helping them to successfully manage their portfolios and risks.”

Industry News

Finastra opens Center of Excellence in Kuala Lumpur

Finastra has expanded its footprint by opening a Center of Excellence (COE) at Malaysia’s MRANTI Technology Park in Bukit Jalil, Kuala Lumpur.

<