In an effort to bring the sophistication of traditional finance tools to the cryptocurrency market, BeQuant and ZagTader have formed a strategic partnership in the hopes of increasing the engagement between institutional investors and cryptocurrencies.
BeQuant is one of the world’s largest cryptocurrency trading platforms, and they plan to partner with ZagTrader, fully integrated global order management platform to improve the way investors can interact with cryptocurrencies. Through this collaboration, BeQuant’s feeds and routing capabilities are now available on the ZagTrader platform, which will give traders access to more investment avenues including traditional investments and regulated digital assets. This opens up opportunities in the cryptocurrency market to institutional investors including market makers, quantitative desks, and arbitrage and active traders through the use of industry standard Financial Information Exchange (FIX) and Application Programming Interfaces (APIs).
As a technology provider for many financial institutions that has experience complying with regulations from central banks as well as securities commissions, ZagTrader will be able to support ongoing efforts to improve regulation in the cryptocurrency market in collaboration with BeQuant. BeQuant has been a fully self-regulated organisation conducting the latest KYC and AML checks for its clients, and adhering to regulatory priorities will be a chief focus for both businesses during this partnership.
Danny Mullen, Senior Broker at BeQuant, says:
“As more institutional names move into the cryptocurrency market, financial technology companies are seeing more opportunities to engage with these investors. As there’s a high demand from institutional clients for more sophisticated solutions, working with ZagTrader was a key focus for us as it will allow our customers to benefit from both the quality of our traded assets as well as the most effective technology available to help deploy their strategies.”
George Zarya, CEO of BeQuant, says:
“Crypto’s recent downturn in the market has marked a noticeable shift in how the asset is viewed. People are now thinking strategically in terms of where and when they choose to invest. That said, there’s far more trust in cryptocurrency than ever before thanks to growing regulation and increased institutional investment – which is undoubtedly the biggest growth area for the market. This partnership will allow us to further engage with the institutional investment market, providing an increased quality of service for ZagTrader’s community and improved access to the numerous crypto assets available.”
Shihab Khalil, CEO of ZagTrader, says:
“Over the years, ZagTrader focused on delivering an end-to-end regulatory compliant platform to clients in the traditional market space. As regulators become more involved in the crypto space, ZagTrader is ready to deploy with all the bells and whistles to keep the clients’ business running smoothly and the regulators satisfied. The rising interest of large institutional investment companies to become more involved in packaging new products to their investors, mixing traditional and crypto assets can be easily achieved with a few clicks using ZagTrader. Having BEQUANT as a partner, whom is deeply involved in this space, adds tremendous insight for us – especially where the industry is maturing, and regulations are being enforced. Furthermore, we are looking forward to expanding the reach and quality of transactions our clients desire with deeper liquidity and more profitable arbitrage opportunities. “
To learn more about BeQuant, visit their website: https://bequant.io/
To learn more about ZagTrader, visit their website: http://www.zagtrader.com/
Image via Cointelegraph