TradingScreen Integrates SCXM’s Solution to Enhance Crypto Trading

TradingScreen has partnered with Seed Digital Commodities Market (SCXM) to increase access to the cryptocurrency markets for its institutional clients on MARKTS, an order and execution management system (OEMS).

Announced on Wednesday, the OEMS provider will integrate SCXM’s product to bring traders simplified access to new digital asset classes and currencies through a centralized network for institutional market participants.

The press release shared with Finance Magnates detailed that the initial integration of SCXM into MARKTS will offer TradingScreen clients with facilities including specific access to crypto as an asset class, settlement of the asset, as well as the ability to trade crypto via spot markets and derivatives with the same multi-asset workflow.

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

Tapping the institutional client base

SCXM is the subsidiary of the institutional-focused crypto exchange Seed CX and aims “to buyers and sellers together in a fair and stable marketplace with low cost, low Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term, reasonable margin, and deep liquidity.”

Last month, the company gained BitLicense, allowing it to offer crypto trading services in the state of New York.

The two companies are also considering expanding their partnership.

“There is no denying that obstacles related to cryptocurrency trading exist – from a host of market manipulators to cyber hacks – but 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,” Alex Carteau, head of MARKTS, added.