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Fintech TradingScreen, MARKTS partner with SCXM to help institutional investors access crypto market

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Catherine Martin reporter

Fri, 17 Apr 2020, 01:40 am UTC

Image by TradingScreen

Fintech TradingScreen Inc. (TS) and its cloud-based ‘software-as-a-service’ (SAAS) platform MARKTS are partnering with Seed Digital Commodities Market (SCXM), the licensed digital asset exchange for institutional investors.

In a press release detailing the new partnership, they will be working together to bring a fair and stable marketplace for buyers and sellers. They want both to enjoy mutual benefits using MARKTS’ technology and TradingScreen’s expertise.

MARKTS will give the traders simplified access to new digital asset classes and currencies through a centralized network for institutional market participants. It will also work on improving its partnership ecosystem specifically to cryptocurrencies and digital asset exchanges.

The partnership will enable institutional investors to access the crypto market securely, conveniently, and efficiently. The initial integration with SCXM into MARKTS refined front-end technology offers TS clients various benefits from numerous features and capabilities including access to crypto as an asset class, settlement of the asset, and ability to trade crypto via spot markets and derivatives while maintaining the same multi-asset workflow.

“SCXM’s goal is to bring buyers and sellers together in a fair and stable marketplace with low cost, low slippage, reasonable margin and deep liquidity,” said Edward Woodford, SCXM CEO.  

“We are especially excited about partnering with MARKTS because of their proven technology and ability to integrate within a large network effectively. We see mutual benefits from connecting with its hedge fund, asset management and private banking clients who will offer additional participants and added liquidity across our marketplace.”  

Alex Carteau, Head of MARKTS, is pleased with the partnership. He admitted that there are obstacles related to cryptocurrency trading from market manipulators to cyber hacks, but TradingScreen knows how to manage it, so he is confident with their partnership.

“TradingScreen has confronted various types of challenges as it relates to other asset-classes for more than two decades. We here at MARKTS are confident in our approach in developing new solutions for all asset classes,” Carteau said.

Meanwhile, fintech Revolut has decided to make cryptocurrency available to its seven million customers as a safe haven amid the coronavirus outbreak. It considered crypto as an “alternative to real money during the times of quantitative easing and currency devaluation following the 2008 financial crisis.”

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