2018-8-23 22:13 |
Rialto Trading, an alternative trading system, has announced its plans to partner with Bittrex exchange, one of the largest cryptocurrency exchanges in the world to integrate the trading of digital assets on the platform. The partnership will improve the trading services to institutional or individual traders while building trading industry solutions on the platform. New investors on the platform can sign up to the system and start trading.
Rialto Trading is teaming up with #Bittrex to expand Rialto’s Alternative Trading System (ATS) to include blockchain-based (digital) securities, pending approval from regulators. Details: https://t.co/JBoSCvJ6hM pic.twitter.com/gGX9D0t0LO
— Bittrex (@BittrexExchange) August 23, 2018
On August 23, 2018, Bittrex announced on Twitter their recent partnership with Rialto Trading, a next-generation Alternative Trading System (ATS). Rialto is a regulated trading system that deals in fixed income products for investors. The ATS system is focusing on providing its users with cryptocurrencies and other blockchain based assets. However, the company is yet to obtain permits as the two companies continue talks with the regulators on addition of blockchain based securities on the platform.
Rialto Trading is a trading platform that aims at providing its users with innovative and new trading tools to the securities industry. The platform has three specific products i.e. clients increased performance, liquidity and ease of implementation to provide an avenue of sourcing investment capital.
Rialto Trading and Bittrex Exchange partnershipRialto Trading and Bittrex aim at offering a digitized platform to trade cryptocurrencies on the platform as well as blockchain assets. The experience of Bittrex in blockchain technology, cryptography and cryptocurrency trading combined with Rialto’s fully fledged and licensed broker and dealer ATS and market for the investors, the project will offer a user-friendly and secure platform for comprehensive trading on the platform.
Notwithstanding, the cryptocurrency enabled platform will support fiat currency trading and the ATS will offer the services to the entire digital asset securities ecosystem, including issuance advisory services, placement, trading, and custody.
While speaking on the partnership, the CEO of Rialto Trading, Shari Noonan, spoke of his desire to see an increase in the overall number of traders on the system as well as offering them the best and most technologically advanced platform to trade digital assets. He was not only ecstatic on the partnership but saw this as an opportunity to build new ventures with Bittrex Exchange.
“We are excited to share Rialto’s expertise in building networks and trading solutions in the regulated securities industry to develop this new venture in partnership with Bittrex. The partnership between [Bittrex and Rialto], we’ll be able to expand our current client offerings to not only include digital securities, but also provide them access to a globally advanced and reliable trading platform.”
The Bittrex exchange CEO, Bill Shihara shared the same sentiments on the partnership. The partnership will combine the advanced ATS technology in Rialto and the digital asset expertise from Bittrex to develop a unique, efficient and reliable platform.
Shihara Said:
“We’re merging Bittrex’s technology, cybersecurity and blockchain expertise with Rialto’s deep knowledge of the securities industry. And, when you add that foundation with Rialto’s extensive background in financial services, including Shari’s experience at Goldman Sachs and Deutsche Bank, this new venture is well-positioned to further advance blockchain’s adoption by offering a comprehensive solution at the right time.”
Further information on how to begin trading on the Rialto Trading can be found on their webiste. If you are an issuer who wants to see their cryptocurrency traded on the Rialto Trading ATS, contact them here.
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