Omniex, an investment and trading platform for institutional investors in crypto-assets, has expanded institutional crypto trading platform and unveiled initial trading clients.
Image: Omniex launches new Edge platform for crypto-assets trading. Photo: Courtesy of rawpixel/Unsplash.
Omniex completed a new round of enhancements to its platform and announced several initial clients including Circle, Jump Trading, OSL, Galaxy IP, BKCM, Crescent Crypto, DV Chain, Wyre and others.
The company stated that its Edge is a purpose-built platform that can handle unique market challenges for institutions that seek investing in crypto assets.
The solution offers all the necessary tools for portfolio and risk management, trade execution, investment operations and compliance to support the needs of buy-side and sell-side institutions.
Omniex co-founder and CEO Hu Liang said: “Institutions across the globe have been looking for a way to seize the potential of this entirely new asset class, but have lacked the investment and trading tools catered to the scale and workflow mandates of financial institutions.
“We’re grateful for the industry’s support, and eager to work with our first wave of clients to pioneer crypto as a new asset class in institutional finance.”
Omniex’s platform provides direct market access and connectivity to some of the largest liquidity venues for crypto-assets including leading crypto exchanges across the world and multiple OTC desks.
Additionally, the company provides algorithmic execution and smart order routing services, which are based on its team’s decades of experience in high-frequency trading and execution optimization.
Presently, its team is working with several crypto industry partners to build a robust crypto ecosystem.
BKCM founder and CEO Brian Kelly said: “With Omniex, we feel equipped to handle whatever comes next in the crypto markets. As a firm with an active trading strategy, Omniex’s execution and order-routing technologies were extremely attractive.”
OSL trading head Ryan Rabaglia said: “Crypto assets have many unique attributes not seen in other financial markets. Instead of applying legacy technology to the problems we’re all facing as institutional investors, Omniex developed its platform from the ground up to embrace and account for the nuances of these novel assets.”
The company was successful in raising $10m in seed funding from companies such as Wicklow Capital, Jump Capital, Digital Currency Group, Sierra Ventures, Clocktower Technologies Ventures, ThirdStream Partners and Alan Howard of Brevan Howard, in the last ten months.