AlgoTrader partners with Blockfills to provide financial institutions with a secure gateway to the deepest crypto and digital asset liquidity globally. Blockfills is the first electronic communication network model ECN for crypto and digital assets and is made available within AlgoTrader´s recently launched WIRESWARM platform, an advanced crypto and digital asset order management, execution management and multi-venue connectivlty platform for banks.
Despite the intervention of COVID-19 on global financial markets, the crypto and digital asset markets have shown themselves to be a legitimate asset class with increased market capitalization, trading volumes and prices. Due to this current challenging market environment, investors have been searching for resilient alternatives to bolster their investment and savings portfolios, driving the demand for financial institutions to offer trading and custody services.
WIRESWARM’s institutional trading infrastructure offers reliable connectivity to a comprehensive set of trading and execution venues via one single connection. With the addition of the first electronic communication network, Blockfills, AlgoTrader´s WIRESWARM Platform now includes Blockfills’ deep and executable streaming liquidity to place orders, thereby ensuring best execution for their clients.
“Our partnership with AlgoTrader is a further symbol of our goal to work with the highest quality professionals in the digital asset space. Their team has a tremendous and successful background in all things trading tech and we are humbled to be providing our liquidity and best execution practices to a team and technology stack of their caliber”, Neil Van Huis, Partner & Director of Trading at Blockfills stated.
“We are proud to partner with Blockfills, who are without equal and are the first leading ECN provider within the crypto and digital asset space. In conjunction with our existing portfolio of available trading and execution venues, Blockfills is filling the blank as the first available ECN with a deep and executable streaming liquidity for our institutional clients”, concludes Andy Flury, CEO & Founder, AlgoTrader.
Blockfills is the first electronic, off exchange, digital liquidity provider operating using an electronic communication network model (“ECN”). We provide aggressive streaming liquidity aggregation solutions, some of the deepest liquidity in world and cutting edge technologies to deploy this liquidity to end-users anonymously in an impactful way.
Blockfills sources its’ liquidity from the world’s largest non-bank trading institutions. We then match our clients to the best available price across our liquidity pools while completely eliminating the heavy lifting of sourcing price discovery. In addition, we offer the high touch support and professional market insight that is impossible to find at online exchanges while saving our clients time and money.
For more information on BLOCKFILLS go to blockfills.com