The partnership comes amid a fundamental change in the way banking and wealth management clients behave and how financial services will do business in the future. Together, AlgoTrader and Avaloq are creating a global digital asset management ecosystem to enable banks and other financial intermediaries to be prepared for the coming paradigm shift for crypto custody and trading.
Financial institutions are asking for a solution that fits into their existing front-to-back office workflows and can be seamlessly integrated into their infrastructures, systems and processes. Financial intermediaries, such as banks and wealth managers are searching for solutions that are purpose-built and flexible enough to adapt to the rapidly evolving tokenized securities and digital asset industry.
AlgoTrader is an institutional-grade algorithmic trading software and provides a trading and execution infrastructure for smart-order-routing, execution algos, conducting quantitative research, trading strategy development, strategy backtesting and automated trading for both traditional securities and digital assets.
The AlgoTrader institutional-grade trading and execution infrastructure will be made available on the avaloq.one fintech marketplace. AlgoTrader’s proven infrastructure is enabling Avaloq’s extensive banking and wealth management clients worldwide to manage their automated crypto trading and to get access to all major crypto exchanges through a robust FIX API.
Martin Greweldinger, Chief Product Officer at Avaloq, said: “The partnership with AlgoTrader is another important element in our growing ecosystem avaloq.one. Their capabilities enable our clients to gain access to multiple exchanges and brokers for crypto trading in order to get the best execution price. Partnering with a firm like AlgoTrader through our ecosystem is a key part of Avaloq’s strategy. We strongly believe in a collaborative ecosystem which allows our clients the seamless integration of leading fintechs and regtechs into their banking landscape through our avaloq.one platform.”
AlgoTrader has several years of experience in digital asset trading and the rapidly evolving token economy. Most recently, AlgoTrader was recognized as one of the TOP 100 global WealthTech companies, the best cloud-based trading environment at the TradingTech Insight Awards and as one of the TOP 50 Crypto Valley companies.
“With its 158 global clients Avaloq is a key player in today’s banking sector and we are very happy to partner with Avaloq for an end-to-end digital asset trading platform. Together, we will lay the groundwork for the next level of evolution in the fintech sector leading to an all DLT/blockchain based banking landscape” concludes Andy Flury, CEO & Founder of AlgoTrader AG.