Finery Markets has announced that Transfero, a major financial solutions provider in Latin America, has integrated FM Liquidity Match technology to improve its over-the-counter (OTC) cryptocurrency trading services. This collaboration aims to bolster the trading experience for Transfero's institutional clients by providing access to a more fluid and automated trading process.

Finery Markets Powers Transfero's OTC Crypto Trading Upgrade

The deployment of FM Liquidity Match by Transfero marks a commitment to enhancing its trading operations, focusing on institutional-grade products and services. The technology is designed to connect users to global OTC crypto liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, facilitating a seamless trading environment. Transfero's usage of Finery Markets' system is expected to streamline their services, offering benefits such as reduced operational costs and minimized counterparty risks.

Konstantin Shulga, the CEO and Co-Founder of Finery Markets, thinks that the integration is set to revolutionize Transfero's capabilities in crypto trading, offering advanced features like pre-trade risk management, flexible settlements, and compliance-ready reporting.

“By leveraging FM Liquidity Match, Transfero will gain access to state-of-the-art technology that will completely transform the crypto trading procedures and help to improve capital efficiency,” Shulga added.

FM Liquidity Match, boasting a proprietary matching engine, is an out-of-the-box solution for institutional entities looking to set up a fully electronic OTC trading platform, managing client relationships from initiation to post-trade.

In this partnership, Transfero utilizes Finery Markets' technology to further its market position and extend the reach and reliability of financial services across the Latin American region. It is worth noting, that Transfer is the largest fiat ramp provider in LATAM, offering its own stablecoins pegged to Brazilian Real (BRZ) and Argentinian Peso (ARZ).

“As we constantly sought out new ways to improve the quality and effectiveness of our services, we deployed the technology of FM Liquidity Match to automate trading processes, lower operational expenses, and mitigate risks associated with counterparties,” Carlos Russo, the Co-Founder of Transfero Group, concluded.

Finery Markets' Role in Digital Asset Trading

Finery Markets is recognized as a leading non-custodial crypto ECN, specializing in infrastructure for institutional market players. Since 2019, it has expanded its services to over 100 digital asset entities, including payment providers and hedge funds.

This week, Finance Magnates reported that Finery Markets partnered with DAMEX to assist in launching electronic OTC trading. In June, it also collaborated with Bequant to simplify the cryptocurrency trading process for institutional investors.

📢 @damex_io , a leading payment platform for digital assets, has partnered with @finerymarkets to launch electronic OTC trading. 🚀 pic.twitter.com/tRyZD5oOvS

— Finery Markets (@finerymarkets) November 7, 2023

The company is focused on delivering a trading infrastructure that facilitates improved capital efficiency and a streamlined post-trade settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term workflow, contributing to the overall robustness of the digital asset trading ecosystem. To do so, Finery Markets is constantly expanding its team. In late October, it announced a key appointment of Marko Jagustin as the Strategic Advisors. Jagustin has over 20 years of experience in the field of financial services.