Ouinex taps Netdania to build institutional-grade crypto trading platform

Rick Steves

Ouinex intends to always bring the best of TradFi electronic trading infrastructure to Web3 including innovative universal cross-margining capabilities so that users can trade TradeFi instruments by using their crypto holdings as margin.

Ouinex has announced a partnership with trading technology provider Netdania for the development and launch of a new cryptocurrency trading platform as part of its efforts to bring the best of TradFi to Web3.

Established in 1998, Netdania’s client base spans from Tier-1 Investment Banks to brokers and specializes in providing cutting-edge solutions to meet the evolving needs of the financial industry. The core pillars of the business offering include Market Data Solutions, Trading Technology, and Data Visualisation. Netdania was acquired by United Fintech in 2020.

This leading figure in financial technology continues in high demand. We recently covered their partnership with Danske Bank. Now, it’s Ouinex who will benefit from Netdania’s expertise and advanced interfaces to build a high-end cryptocurrency trading platform that also leverages Ouinex’s Web3 backend technology and know-how.

“We are bringing the best of TradFi Tech to Web3”

Ouinex’s goal is to address the growing demand for more secure, transparent, and user-friendly trading platforms. The company is a regulated and secure spot crypto and derivatives trading platform, focused on low latency and competitive trading fees. Ouinex intends to always bring the best of TradFi electronic trading infrastructure to Web3 including innovative universal cross-margining capabilities so that users can trade TradeFi instruments by using their crypto holdings as margin.

Ilies Larbi, Co-Founder & CEO of Ouinex, commented: “Our partnership with Netdania reflects Ouinex’s dedication to innovating secure trading solutions in the cryptocurrency sector. The platform will transform expectations regarding functionality and security in crypto trading. We are bringing the best of TradFi Tech to Web3.”

George Govier-Rosenvold, Chief Commercial Officer at Netdania, said: “With our extensive experience in building trading platforms, our success stems from customising and delivering bespoke solutions. We’re delighted to deliver a bespoke trading solution for Ouinex, built on a framework of OpenAPIs where our clients can seamlessly integrate their own widgets into the platform. This approach ensures quick adaptation to market trends, efficiently enhancing their trading platform.”

The partnership with Netdania follows last year’s $2+ million dollar pre-seed round completed entirely by Ouinex users, with over 1000 FX, CFDs, and equities traders around the world investing in the development of the ambitious crypto asset exchange platform. The firm, which focuses on low latency, liquidity, settlement, and advanced trading functionalities, said it is bringing the TradeFi infrastructure over to Web3 in order to provide price transparency, competitive asset pricing and service fees, and fast trade execution times – the “fastest in the industry”.

Ouinex connected to Crossover Markets’s ECN

Earlier this year, Ouinex partnered 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.

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.

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