TradAir, a provider of trading technology solutions, has partnered with Alameda Research, which claims to manage over $100 million in digital assets and trade $600 million to $1.5 billion per day.
The arrangement allows Alameda to participate in TradAir’s network of OTC cryptocurrency liquidity providers. While this collaboration will focus on the delivering FX-style liquidity for TradAir’s cryptocurrency offering, it also opens up access to new trading opportunities for Alameda.
TradAir is already linked to a wide network of liquidity channels such as crypto OTC desks, crypto exchanges, market makers, and custodians. As such, Alameda will benefit form TradAir’s integration which provides them with access to key liquidity venues through the firm’s white label HTML5 platform.
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Founded in 2017, Alameda Research supports thousands of crypto products, including major coins and altcoins, as well as their derivatives.
TradAir continues its push into crypto space
TradAir offers its customers access to FX liquidity sourced from major bank and non-bank liquidity providers, delivered via TradAir’s HTML5 eFX platform. The technology developer positioned itself as an ideal partner for many brokerages as the company deploys its servers in several locations, including London, New York, Singapore, and Tel Aviv.
Commenting on the news, Ryan Salame (Head of OTC desk) from Alameda said “As Alameda has continued to scale, we need an established and strong technology partner with a proven track record in crypto markets to help us connect to our global clients quickly and efficiently. By leveraging TradAir’s superior trading technology solutions, it frees us up to focus on what we do best and provide the best pricing to our clients.”
“A significant percentage of cryptocurrency trading volume, especially large orders, are transacted over-the-counter (OTC), outside cryptocurrency exchanges. Our partnership with Alameda will add significant value to the depth of TradAir’s OTC liquidity pool and help bridge the technology gap between OTC desks and their clients globally,” added Vibhanshu Bahuguna, Head of Sales Asia Pacific at TradAir.