LevelField taps AlgoTrader’s TradFi and Crypto pOEMS ahead of U.S. license

Rick Steves

Houston-based LevelField, which aims to acquire a U.S. chartered bank, will now be able to offer both digital assets and traditional banking services. 

LevelField Financial has selected AlgoTrader to deploy its modular portfolio, order, and execution management system (pOEMS).

The AlgoTrader pOEMS will provide a platform for accessing deep liquidity and interoperability capabilities for LevelField’s over-the-counter (OTC) trading desk.

The firm will leverage AlgoTrader platform’s rich application programming interfaces (APIs) and its intuitive front-end, to serve the digital asset needs of a wide range of customers – from financial institutions to retail and HNWIs.

With this partnership, LevelField will be able to offer traditional banking and financial asset management products to borrow, trade, and earn. The core of the LevelField offering will revolve around payments and financing.

Gene A. Grant, II, founder and CEO of LevelField, said: “LevelField is seeking to acquire a U.S. chartered bank so we can become our customer’s trusted provider for an experience that is safe, simple, and secure. The addition of AlgoTrader will help us build out the digital asset side of the business, and to facilitate our vision of growing into a full-service financial services firm.”

Andy Flury, Chief Executive Officer at AlgoTrader, said: “LevelField is another proof of success for our technology lead and the institutional adoption of crypto assets. It is vital to focus on customer-centricity and client experience, as we strive to become the leading trading technology provider for both buy-side and sell-side clients worldwide.”

AlgoTrader provides direct market access, market-wide FIX access and trade automation, as well as custody and core banking integration with  Metaco’s Harmonize platform.

Access to Metaco’s platform will enables LevelField to bridge the gap between traditional and crypto finance as it integrates digital asset products.

Michael William Clayton, Chief Technology Officer at LevelField, said: “AlgoTrader’s feature-rich pOEMS platform meets our rigorous security standards and affords LevelField the flexibility to grow our digital asset business. AlgoTrader’s DNA, rooted in traditional and quantitative trading solutions built by trading system veterans, made them the ideal partner to enhance the LevelField offering. Thus, bringing a wealth of experience to the new world of crypto and digital assets.”

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