TP ICAP Adds Susquehanna as Market Market for Upcoming Crypto Platform

TP ICAP, the largest inter-broker dealer, announced on Thursday that it has added Susquehanna, a quantitive trading firm, as a market maker to the upcoming spot digital asset trading platform.

Susquehanna Digital Assets, which is a member of The Susquehanna International Group, has joined Flow Traders, Jane Street and Virtu Financial as the liquidity providers of TP ICAP’s crypto platform. They will ensure competitive buying and selling prices of the cryptocurrencies on the trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

“It’s great news to be welcoming another highly regarded 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 provider to the platform, adding greater liquidity and bringing deep expertise for our global network of clients,” Simon Forster, the Co-Head of Digital Assets at TP ICAP.

“As interest grows in Digital Assets from institutional investors and traders, partnerships of this calibre, in addition to our position as an independent broker, means that we are well placed to guide new entrants to the market and support the growth of this exciting asset class.”

Meeting the Institutional Crypto Demand

TP ICAP unveiled its plan to launch a crypto trading platform last June. Regulated by the United Kingdom’s Financial Conduct Authority (FCA), the platform will only serve institutional clients and is due for launch later this year.

The platform will offer an over-the-counter (OTC) platform for spot crypto trading, along with post-trade infrastructure.

“Susquehanna is thrilled to work alongside TP ICAP as we look towards the launch of this new digital asset platform,” Ben Hessels from Susquehanna said in a statement.

“There is substantial institutional interest in the space, and thus a need for institutional-grade liquidity. Susquehanna has long been a liquidity provider in the digital asset spot markets, as well as various futures and derivatives markets as they have come online. This TP ICAP Susquehanna partnership marries the infrastructure and connectivity that investors demand with the liquidity they need.”