Skew Raises $5 Million, Unveils New Trade Execution Platform
- The company now has two offerings for its clients - skewAnalytics and skewTrading.
Skew, a cryptocurrency market data provider, announced on Wednesday the closure of a fresh funding round, raising $5 million.
The round was led by Octopus Ventures, a London-based fintech-focused venture fund, along with participation from Digital Currency Group and existing investors including Firstminute Capital and Seedcamp.
The London-based Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term company raised $2 million last September in a seed round, bringing the total investment to $7 million.
As the company described, the fresh proceeds will be utilized to further expand its engineering team and enhance its distribution capabilities.
A new product in the offering
Apart from the funding, the data provider also launched skewTrading, a new trade execution and electronic brokerage platform, providing 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 to institutional investors.
The platform will support over-the-counter (OTC) block trades of CME Group for Bitcoin futures and options.
“The industry remains in its infancy with the “institutional moment” for crypto still ahead of us,” Emmanuel Goh, CEO at skew, said. “We want to position skew as the gate to the cryptocurrency markets for professional market participants where they can access real-time analytics and liquidity networks using the same account.”
skewTrading was developed in partnership with Kyte Broking which will act as its appointed representative with the UK Financial Conduct Authority.
A tie with Kyte is also essential as it has around 3,000 institutional clients on-board, executing over $10 trillion notional of exchange-listed derivatives contracts in 2019.
“We are excited about this unique partnership with Kyte Broking. The combination of our expertise in cryptocurrency derivatives with their experience operating within regulated traditional capital markets will allow skew to be a natural choice for financial institutions looking to enter the cryptocurrency markets,” Goh added.
Skew, a cryptocurrency market data provider, announced on Wednesday the closure of a fresh funding round, raising $5 million.
The round was led by Octopus Ventures, a London-based fintech-focused venture fund, along with participation from Digital Currency Group and existing investors including Firstminute Capital and Seedcamp.
The London-based Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term company raised $2 million last September in a seed round, bringing the total investment to $7 million.
As the company described, the fresh proceeds will be utilized to further expand its engineering team and enhance its distribution capabilities.
A new product in the offering
Apart from the funding, the data provider also launched skewTrading, a new trade execution and electronic brokerage platform, providing 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 to institutional investors.
The platform will support over-the-counter (OTC) block trades of CME Group for Bitcoin futures and options.
“The industry remains in its infancy with the “institutional moment” for crypto still ahead of us,” Emmanuel Goh, CEO at skew, said. “We want to position skew as the gate to the cryptocurrency markets for professional market participants where they can access real-time analytics and liquidity networks using the same account.”
skewTrading was developed in partnership with Kyte Broking which will act as its appointed representative with the UK Financial Conduct Authority.
A tie with Kyte is also essential as it has around 3,000 institutional clients on-board, executing over $10 trillion notional of exchange-listed derivatives contracts in 2019.
“We are excited about this unique partnership with Kyte Broking. The combination of our expertise in cryptocurrency derivatives with their experience operating within regulated traditional capital markets will allow skew to be a natural choice for financial institutions looking to enter the cryptocurrency markets,” Goh added.