Ouinex boosts crypto trading capabilities with ECN from Crossover Markets
“We promised our clients fast execution, tight spreads, and high fill rates as well as a fair and transparent trading environment that eliminates conflicts of interest inherent to traditional CLOB execution models.”
Ouinex has announced a partnership with Crossover Markets, a leading institutional trading venue for cryptocurrencies, to integrate CROSSx, the latter’s advanced electronic communication network (ECN) technology, into Ouinex’s platform.
CROSSx is a unique ECN designed for digital assets, offering features like ultra-low-latency, quote-driven matching, and smart order routing. These capabilities are a departure from the traditional Central Limit Order Book (CLOB) model, which is commonly used in crypto trading.
This collaboration is expected to enhance the trading experience for Ouinex’s users by providing faster and more customizable trading options.
“We promised our clients fast execution, tight spreads, and high fill rates”
Ilies Larbi, CEO of Ouinex, said: “By partnering with Crossover Markets and leveraging their state-of-the-art technology, we are taking a giant leap forward in providing our clients with a unique and exceptional trading experience. We promised our clients fast execution, tight spreads, and high fill rates as well as a fair and transparent trading environment that eliminates conflicts of interest inherent to traditional CLOB execution models. This partnership is a pivotal point for us and traders globally as CROSSx’s unrivaled technology allows us to go above and beyond that promise!”
Anthony Mazzarese, Co-Founder and Chief Commercial Officer of Crossover, added: “Crossover is honored that our flagship product, CROSSx, has been selected by Ouinex as the liquidity underpinning their highly anticipated launch. Both Ouinex and Crossover share the view that active and high net worth traders globally are underserved, and that most exchanges cater only to retail users, offering basic technology with high fees. Ouinex is launching at the right time with the right product and we are excited to provide our liquidity to this exciting new platform.”
Ouinex stands on the shoulders of giants
Ouinex was co-founded by an international team of seven executives led by Ilies Larbi, who was Global Head of Partnerships at FXCM for 15 years. The firm last year raised €2 million to fund the development and launch of its crypto trading platform.
Headquartered in Paris, the fintech startup boasts a proprietary matching engine and General User Interface (GUI) with advanced functionalities, to provide fast execution, low spreads, and security to active investors in the European Union, Africa, and Latin America.
Crossover Markets is a digital asset trading technology firm taking the world by storm with its execution-only cryptocurrency Electronic Communication Network (ECN) powered by one of the industry’s fastest and most advanced matching engines which includes order logic that enables clients to choose with whom they want to trade.
CROSSx was launched last year and the firm kept on enhancing its offering and network by connecting to Cboe Digital and adding NY4.
Hidden Road and the newly launched FXCM-sister multi-asset platform Tradu are also partnered with Crossover Markets.
