EDX Markets integrates Talos’ crypto-native OEMS into its non-custodial exchange
“We are thrilled to join forces with Talos and become part of their prestigious provider network. This collaboration broadens our range of liquidity options for clients, reinforcing our commitment to delivering a comprehensive and robust trading experience for both traditional financial institutions and crypto-native firms.”
EDX Markets has announced its integration with Talos, a premier provider of institutional trading technology for digital assets.
This partnership will enable EDX Markets to leverage Talos’ end-to-end trading platform, further enhancing EDX Markets’ capabilities and expanding access to a wide range of liquidity venues for customers.
Talos is the first Order and Execution Management System (OEMS) integrated with EDX Markets, providing clients with industry-leading front-end UI and proven trading tools to which institutional investors have become accustomed.
EDX Markets stands out from the crowd for being a recently launched crypto exchange owned by some of the biggest industry names – such as Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial.
The digital asset exchange went live last month and completed an investment round with new equity partners, including Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology.
“Talos collaboration broadens our range of liquidity options for clients”
Jamil Nazarali, CEO of EDX Markets, said: “We are thrilled to join forces with Talos and become part of their prestigious provider network. This collaboration broadens our range of liquidity options for clients, reinforcing our commitment to delivering a comprehensive and robust trading experience for both traditional financial institutions and crypto-native firms.”
Anton Katz, Co-Founder and CEO of Talos, commented: “We are excited to welcome EDX Markets to our provider network. By integrating with our trading technology, EDX Markets expands its reach and enhances its offerings, bringing a secure, efficient, and transparent trading experience to market participants. This combination will strengthen our collective mission to drive institutional adoption and foster the convergence of traditional finance and digital assets.”
By integrating with Talos, EDX Markets gains access to an extensive network of over 40 providers including top-tier exchanges, custodians, OTC desks, and market makers.
EDX to launch clearing service to settle trades
EDX has opened trading as a crypto marketplace of choice for industry leaders and builds on best practices from traditional finance to provide customers with distinctive benefits including liquidity, competitive quotes, and a non-custodial model designed to mitigate conflicts of interest.
EDX also introduced a retail-only quote to the crypto markets, allowing participants the benefit of better pricing for retail-originated orders. Products traded on EDX include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
The company additionally stated that it will launch EDX Clearing later this year to settle trades matched on EDX Markets. The clearinghouse will facilitate trades against a central counterparty, allowing participants to benefit from enhanced price competition and reduced settlement risks, while increasing operational efficiencies.