OTCXN, a blockchain-powered capital markets infrastructure company announced that Fractal Wealth, a proprietary algorithmic trading firm, has joined the OTCXN network. Fractal Wealthemploys algorithmic strategies to source and offer liquidity in unique ways.
We are pleased to have Fractal Wealth join the OTCXN network.They represent a unique source of liquidity for our rapidly growing and diverse institutional client base.As an algorithmic trading firm, they will benefit from the ability to trade programmatically on OTCXNs ECN, LiquiMatch.OTCXNs aggregated liquidity spans both native resting dark and lit orders, executable quote streams from major liquidity providers, plus institutional, as well as retail exchanges that have joined the network.All liquidity on the OTCXN network is actionable – or tradable – with Fractal Wealth holding a single collateral account at their custodian on the OTCXN network, stated Rosario M. Ingargiola, CEO and Founder of OTCXN.
Counterparty risk and risk of centralized exchange hacking are some of the biggest barriers to institutional adoption of digital assets. OTCXN offers a great product that removes these risks and also provides efficient trading between counterparties. By allowing firms to keep their assets at their custodian, OTCXN also can help simplify the process of moving funds between trading venues. At Fractal Wealth, we are excited to partner with OTCXN and provide liquidity on their platform, said Carson R. Cook, PhD, CEO of Fractal Wealth.
In early Q1, OTCXN will be launchingits high-performance matching engine, LiquiMatch, as both a Dark Pool and Lit Central Limit Order Book hybrid ECN for cryptocurrencies. Clients on the network will be able to trade on liquidity across all OTCXN trading platforms, including the existing OTC Block Trading venue, via a single collateral account at their preferred custodian. In addition to handling native dark and lit orders, LiquiMatch aggregates market makers streaming executable quotes, as well as external exchange liquidity, all of which is tradable without a direct financial relationship with each counterparty or placing assets at the underlying exchanges. OTCXN is not a counterparty to any trade.