Deltix integrates TP ICAP’s highly liquid non-custodial crypto exchange 

Rick Steves

“Completing the CryptoCortex integration will allow clients to easily access our non-custodial exchange and the diversified liquidity we have sourced from the crypto-native landscape and TP ICAP’s TradFi client base.”

Deltix, a subsidiary of EPAM Systems, Inc., has announced the integration of its CryptoCortex trading platform with TP ICAP’s Fusion Digital Assets exchange.

CryptoCortex, known for its advanced capabilities in digital asset and cryptocurrency trading, serves both primary and secondary markets. It supports the entire trading lifecycle, catering to a diverse range of clients including exchanges, brokers, OTC trading desks, and market makers.

TP ICAP’s Fusion currently supports Bitcoin and Ether against USD

Ilya Gorelik, Head of EPAM’s RAIL Lab, highlighted the integration’s benefit for institutional investors, increasing the number of liquidity venues available for digital asset trading. “With the addition of Fusion to the Deltix CryptoCortex ecosystem, we have further increased the number of liquidity venues that our institutional investors can trade digital assets.”

Tom Flanagan, Global Head of Execution and Liquidity Management at TP ICAP, emphasized the ease of access this integration provides clients to their non-custodial exchange and its diverse liquidity sources. “Completing the CryptoCortex integration will allow clients to easily access our non-custodial exchange and the diversified liquidity we have sourced from the crypto-native landscape and TP ICAP’s TradFi client base,” said Tom Flanagan, Global Head of Execution and Liquidity Management.

Fusion Digital Assets, a venture of TP ICAP, leverages the firm’s expertise in operating trading venues and execution organization. It also incorporates Fidelity Digital Assets’ custodial capabilities and offers diversified liquidity from TP ICAP’s global client base. Currently, the venue supports Bitcoin and Ether trading against USD, with plans to expand its asset offerings and develop a multi-custody model.

The core elements of the venue include:

  • TP ICAP’s Fusion: A non-custodial crypto asset exchange for order matching and trade execution.
  • Fidelity Digital AssetsSM: Provides independent safekeeping and settlement services for client inventories.
  • An aggregation of liquidity from leading market makers and TP ICAP’s global client base.
  • Operation by TP ICAP E&C Limited, registered with the FCA as a crypto asset exchange provider.

A part of EPAM Systems, Inc., Deltix offers the CryptoCortex platform, catering to a broad spectrum of clients in the digital assets and cryptocurrency markets. TP ICAP is a global markets infrastructure and data solutions provider, ranking among the top liquidity venues worldwide. It operates from over 60 offices in 28 countries, with a strong presence in the financial, energy, and commodities markets.

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