The newly introduced platform combines TP ICAP’s in-house over-the-counter electronic platform, Fusion, with the institutional-grade custodial expertise of Fidelity Digital Assets. Leveraging TP ICAP’s order matching and trade execution technology, the exchange benefits from the extensive liquidity derived from the firm’s diverse global client base.
TP ICAP is currently offering trading in Bitcoin, Ether and USD. However, TP ICAP intends to expand supported assets based client demand. The firm also intends to adopt a multi-custody model as part of the platform’s future expansion.
TP ICAP has collaborated with several industry stakeholders as partners and clients for the launch of Fusion Digital, including Fidelity Digital Assets, who processed the associated settlement of the exchange’s first trade. The other participants are liquidity provider Flow Traders; crypto liquidity provider and manager XBTO Global; and crypto asset trading, custody integration, and security services provider DLT Finance.
TP ICAP has added quantitative trading firm Hudson River Trading to its Digital Assets spot platform as a crypto market maker since March.
Simon Forster, Global co-Head for Digital Assets, TP ICAP Group said:
The…
