Digital assets prime brokerage Bequant is seeking to open up access to OTC institutional crypto liquidity through the use of Finery Markets’ FM Liquidity Match service.
Bequant will utilise FM Liquidity Match to offer an OTC prime brokerage service, along with an expansion of its product portfolio.
FM Liquidity Match provides institutional market players and crypto businesses access to OTC crypto liquidity across more 150 crypto-to-crypto and fiat-to-crypto pairs via prime brokers such as Bequant.
Launched in April this year, the service is designed to make institutional market players’ forays into prime brokerage cheaper, less risky and more convenient, allowing them to launch or expand their OTC prime brokerage.
Finery Markets co-founder and CEO Konstantin Shulga said the development of prime brokerage services in the digital assets markets is currently undergoing “a period of exploration” across the digital assets space.
“Unlike traditional financial markets, where these services are primarily used by institutional investors, the digital assets markets present a more complex and entangled market structure. This complexity arises from the global nature of digital assets and the fragmentation within its infrastructure,” Shulga added.
As such, firms such as digital asset exchanges, custodians and OTC desks, are seeking to establish prime brokerage offerings in order to leverage existing infrastructure and adapt to regulatory changes.
Shulga said Finery Markets’ non-custodial trading technology solution offers market professionals “a risk-managed approach, compliant reporting and post-trade flexibility, as well as ensuring access to global liquidity and optimal execution”.
©Markets Media Europe 2023
