OTC Exchange Network (OTCXN), an institutional trading network and infrastructure provider utilizing blockchain technologies, has announced that DV Trading, a Chicago-based proprietary trading group, has joined OTCXN’s Early Adopter Program as a liquidity provider.
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DV Trading, a market maker founded in 2006, will support Foreign Exchange liquidity provision in relevant currency pairs on OTCXN’s network.
Rosario M. Ingargiola, CEO of OTCXN further commented, “we are delighted that DV Trading has decided to join our Early Adopter Program. Jared and his team are true innovators in financial markets, and we are thrilled that they have decided to work with OTCXN. Our mission is to democratize markets and eliminate market inefficiencies. With the right architecture, blockchain technology will power a completely new market model revolutionizing liquidity access and risk reduction for the entire FX and cryptocurrency ecosystem. It will make true Peer-to-Peer trading possible while reducing systemic risk factors and costs around credit intermediation and settlement.”
“Innovation is core to our business, and we strongly support OTC Exchange Network in its mission to democratize financial markets while leveraging Blockchain technology to reduce credit and settlement issues. The global foreign exchange market is a natural place to start, but we expect OTCXN to adapt its technology solutions to support additional asset classes in the near future,” said Jared Vegosen, Co-Founder of DV Trading.