TradingScreen Inc. (TS) subsidiary MARKTS, a cryptocurrency order and execution management system (OEMS), has teamed up with bitcoin futures and options exchange Deribit to enable institutional investors to trade cryptocurrency options for the first time on the MARKTS platform.
Deribit, which owns around 70% of the open interest of the BTC crypto options market and approximately 80% of the traded options volume, will connect directly into TradingScreen’s all asset class OEMS solution. The connectivity allows institutional investors to not only buy and sell crypto derivatives but also manage their risk and downside.
The partnership comes as volatility continues to affect the crypto markets in the wake of Bitcoin halving in price over a month ago. Dramatic price swings have driven many institutional hedge funds and asset managers into the crypto markets, a trend which is expected to grow in the coming months as the race to deliver the biggest returns heats up.
Commenting on the partnership, Alex Carteau, Head of MARKTS at TradingScreen, said, “Our collaboration with Deribit meets rising client demand to trade crypto options. As a multi-asset platform, it is pivotal that we continue to aggregate high-end connectivity for our clients.”
“As the crypto market continues to mature, we will continue to stay one step ahead by ensuring institutional investors can trade digital assets reliably and effectively.”
John Jansen, CEO at Deribit, adds, “The new integration with TradingScreen is one less hurdle for institutional investors who want to enter the crypto derivatives market. We are very happy to see that the vast TS institutional buy-side client base is now able to trade on Deribit using their trusted OEMS in an uncomplicated manner.”
MARKTS, a TradingScreen company, is a cloud-based ‘software-as-a-service’ platform that offers users the ability to employ institutional-grade tools for trading bitcoin and other cryptocurrencies in one integrated and compliant solution. For more information, please visit www.markts.io
Deribit is the institutional grade cryptocurrency derivatives platform offering high matching engine capacity, the lowest latencies, advanced risk management solutions, and high liquidity in the various products. Clients can trade perpetual contracts, futures, and options linked to underlying BTC and ETH. Deribit is growing rapidly and is among the top derivatives exchanges providing crypto futures and perpetual contracts and remains the undisputed leading exchange offering European style cash-settled crypto options. For more information, please visit www.deribit.com.