Wintermute completed the first RFQ trade on Finery Markets' crypto ECN platform.
The partnership establishes a hybrid trading model for institutional clients in digital assets sector.
Global
algorithmic trading firm Wintermute has completed its first Request for Quote
(RFQ) trade on Finery Markets' institutional crypto trading platform. The
partnership establishes a hybrid trading model combining traditional order
books with RFQ capabilities for institutional clients
Wintermute Executes First
RFQ Trade on Finery Markets' Crypto ECN Platform
The
execution establishes Finery Markets as the only cryptocurrency-native
Electronic Communication Network (ECN) offering both RFQ and traditional order
book trading mechanisms for institutional clients. This model aims to combine
the transparency of order-driven systems with the liquidity benefits of
quote-driven trading.
Konstantin Shulga, CEO and Co-Founder of Finery Markets
“Wintermute
was a top choice for introducing the RFQ trading method through our ECN,” Konstantin
Shulga, Finery Markets CEO, commented. “With the launch of RFQ, we are
confident that our unique hybrid trading model offers the best of both worlds,
combining the transparency and execution certainty of order-driven systems with
the deep liquidity and minimal market impact characteristic of quote-driven
models.”
RFQ is a
trading process where market participants request price quotes from specific
liquidity providers for a particular financial instrument. The quote is
executable exclusively by the requesting party, creating a direct interaction
between the buyer and seller.
The
partnership comes amid substantial growth in over-the-counter (OTC)
cryptocurrency trading, with Finery Markets reporting an 89% year-over-year
increase in spot transactions during the first nine months of 2024.
Evgeny Gaevoy, CEO and Co-Founder, Wintermute
"By
combining our extensive liquidity solutions across hundreds of digital assets
with Finery’s ECN, we’re well positioned to support market participants in
achieving higher quality trading and more efficient execution,” Wintermute CEO
Evgeny Gaevoy added.
The
collaboration leverages Wintermute's
presence in digital asset markets, where it maintains trading relationships
across more than 60 exchanges and processes billions in daily volume. Since
July, the company is offering more than 350 crypto pairs to traditional finance
thanks
to the integration of oneZero's EcoSystem.
Institutional Crypto
Trading Explodes in 2024
The
institutional over-the-counter (OTC) cryptocurrency market witnessed
substantial growth in the first half of 2024, with total spot transaction
volumes increasing
by 95% year-over-year. A recent report from Finery Markets, which analyzed
two million institutional spot trades, indicates a rising interest in digital
assets among institutional investors. This growth coincides with the recent
approval of crypto-based investment vehicles, such as the successful launch of
a Bitcoin ETF.
Ethereum,
the second-largest cryptocurrency by market cap, saw its trading volumes
increase by 32% in the first half of 2024 compared to the same period in 2023.
Anticipated approvals of Ethereum ETFs are likely to stimulate institutional interest further.
Additionally,
the provider of non-custodial crypto ECN and SaaS trading platforms, announced
a partnership with technology and digital asset liquidity provider Stillman
Digital. This collaboration aims to expand Finery Markets' network of
global liquidity providers and enhance trading options for institutional
clients.
Global
algorithmic trading firm Wintermute has completed its first Request for Quote
(RFQ) trade on Finery Markets' institutional crypto trading platform. The
partnership establishes a hybrid trading model combining traditional order
books with RFQ capabilities for institutional clients
Wintermute Executes First
RFQ Trade on Finery Markets' Crypto ECN Platform
The
execution establishes Finery Markets as the only cryptocurrency-native
Electronic Communication Network (ECN) offering both RFQ and traditional order
book trading mechanisms for institutional clients. This model aims to combine
the transparency of order-driven systems with the liquidity benefits of
quote-driven trading.
Konstantin Shulga, CEO and Co-Founder of Finery Markets
“Wintermute
was a top choice for introducing the RFQ trading method through our ECN,” Konstantin
Shulga, Finery Markets CEO, commented. “With the launch of RFQ, we are
confident that our unique hybrid trading model offers the best of both worlds,
combining the transparency and execution certainty of order-driven systems with
the deep liquidity and minimal market impact characteristic of quote-driven
models.”
RFQ is a
trading process where market participants request price quotes from specific
liquidity providers for a particular financial instrument. The quote is
executable exclusively by the requesting party, creating a direct interaction
between the buyer and seller.
The
partnership comes amid substantial growth in over-the-counter (OTC)
cryptocurrency trading, with Finery Markets reporting an 89% year-over-year
increase in spot transactions during the first nine months of 2024.
Evgeny Gaevoy, CEO and Co-Founder, Wintermute
"By
combining our extensive liquidity solutions across hundreds of digital assets
with Finery’s ECN, we’re well positioned to support market participants in
achieving higher quality trading and more efficient execution,” Wintermute CEO
Evgeny Gaevoy added.
The
collaboration leverages Wintermute's
presence in digital asset markets, where it maintains trading relationships
across more than 60 exchanges and processes billions in daily volume. Since
July, the company is offering more than 350 crypto pairs to traditional finance
thanks
to the integration of oneZero's EcoSystem.
Institutional Crypto
Trading Explodes in 2024
The
institutional over-the-counter (OTC) cryptocurrency market witnessed
substantial growth in the first half of 2024, with total spot transaction
volumes increasing
by 95% year-over-year. A recent report from Finery Markets, which analyzed
two million institutional spot trades, indicates a rising interest in digital
assets among institutional investors. This growth coincides with the recent
approval of crypto-based investment vehicles, such as the successful launch of
a Bitcoin ETF.
Ethereum,
the second-largest cryptocurrency by market cap, saw its trading volumes
increase by 32% in the first half of 2024 compared to the same period in 2023.
Anticipated approvals of Ethereum ETFs are likely to stimulate institutional interest further.
Additionally,
the provider of non-custodial crypto ECN and SaaS trading platforms, announced
a partnership with technology and digital asset liquidity provider Stillman
Digital. This collaboration aims to expand Finery Markets' network of
global liquidity providers and enhance trading options for institutional
clients.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
After Returning Billions Last Year, FTX Starts Another Creditor Payout Round
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
