Caspian Taps Prime Broker Tagomi to Expand Crypto Trading

Caspian, a Galaxy Capital-backed institutional trading and portfolio management platform, today announced a new partnership with Tagomi, a US-based broker that specializes in trade execution and digital asset markets.

Under the partnership, Tagomi will be integrated as a trading venue on Caspian’s system, which includes an OEMS, PMS, and RMS. Once the integration is complete, Caspian’s users would be able to access Tagomi’s straight-through process and workflow when managing crypto portfolios and trading across many exchanges and other destinations. They will also leverage Tagomi’s smart routing and advanced algorithms.

Tagomi operates as a prime broker in the crypto space, aggregating 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 across multiple exchanges and executing trades based on a single unified order book. The cryptocurrency prime brokerage has recently launched a lending and borrowing platform.

A single interface into 37 spot and derivatives exchanges

While Caspian’s offering is also aimed at professional traders, it also facilitates price discovery and asset transfers across multiple exchanges globally. The platform currently provides connectivity and interoperability across 37 cryptocurrency exchanges and OTC desks.

Caspian has been formed as a joint venture between Tora and Kenetic to bring in a full-stack crypto trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term platform, which offers for both buy-side and sell-side traders a suite of pre-trade compliance, trading algorithms and risk reporting tools. The company mainly targets professional traders with institutional-grade features like customizable market data.

Commenting on the news, Chris Jenkins, Managing Director at Caspian, stated: "We are really excited to partner with Tagomi, as we believe it will set a revolutionary new standard for crypto trading. At Caspian, we have been focused on driving change, implementing better tools and ultimately building a more secure ecosystem that facilities institutional investors advancement into digital assets."

Tagomi’s founder Marc Bhargava added: "Our partnership with an industry leader such as Caspian has been a great step forward for the industry. We are both focused on bringing institutional investors into the complex, fast-moving world of crypto assets. We see our integration with Caspian helping to further achieve our goal of bridging institutional capital into the space."