2018-9-12 15:57 |
Omniex Unveils Initial Trading Clients On Newly Expanded Institutional Crypto Trading Platform
Omniex has completed a new round of enhancements to its platform and has announced a number of initial clients including Circle, Jump Trading, OSL, Galaxy IP, BKCM, Crescent Crypto, DV Chain, Wyre, and others.
The first comprehensive investment and trading platform for institutional investors in crypto-assets, Omniex, is confident it is equipped to take on emerging trends in the crypto market.
According to Brian Kelly, Founder, and CEO of BKCM, with Omniex, they feel equipped to handle whatever comes next in the crypto markets. As a firm with an active trading strategy, Omniex's execution and order-routing technologies were extremely attractive, he added.
Omniex EdgeOmniex Edge is a purpose-built platform to handle the unique market challenges for institutions seeking exposure to crypto assets. It provides an end-to-end solution for portfolio and risk management, trade execution, investment operations, and compliance to support the needs of buy-side and sell-side institutions.
Ryan Rabaglia, Head of Trading of OS Limited (OSL) said Crypto assets have many unique attributes not seen in other financial markets. Instead of applying legacy technology to the problems we're all facing as institutional investors, Omniex developed its platform from the ground up to embrace and account for the nuances of these novel assets.
Commenting Ali Hassan, Co-Founder and CEO of Crescent Crypto Capital Management said they have reviewed countless solutions angling to lead the way toward institutional adoption of crypto, but none were as mature and sophisticated as what Hu and the team at Omniex have developed.
Beyond a full-featured portfolio management system (PMS) and order management system (OMS), Omniex provides a high-performance execution management system (EMS) with a robust and intuitive GUI plus a high-performance FIX API. The platform enables direct market access and connectivity to some of the largest liquidity venues for crypto-assets, including leading crypto exchanges across the world and multiple OTC desks.
Additionally, it provides algorithmic execution and smart order routing services, which are grounded in the team's decades of experience in high-frequency trading and execution optimization.
Its team is actively working with numerous crypto industry partners in a continued effort to build a more robust crypto ecosystem.
Institutions across the globe have been looking for a way to seize the potential of this entirely new asset class, but have lacked the investment and trading tools catered to the scale and workflow mandates of financial institutions, said Hu Liang, Co-founder, and CEO of Omniex.
Hu added that they are grateful for the industry's support and eagerness to work with its first wave of clients to pioneer crypto as a new asset class in institutional finance.
In August, Omniex appointed former SEC Chairman Arthur Levitt and former Chair of the FDIC Sheila Bair to its Board of Advisors, Maartje Bus, former Head of Capital Markets at Thomson Reuters as Director of Strategic Partnerships, and Tom Eidt, former head of KCG's regulatory affairs as General Counsel & Chief Compliance Officer.
In the last ten months, Omniex has raised $10M in seed funding from leading firms including Wicklow Capital, Jump Capital, Digital Currency Group, Sierra Ventures, Clocktower Technologies Ventures, ThirdStream Partners and Alan Howard of Brevan Howard.
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