Sterling Trading Tech (STT), a US-based provider of trading solutions for the equities, options and futures markets, has partnered with Canadian crypto asset broker Voyager Digital to offer digital assets trading on its professional platforms.
Sterling Trading Tech is a broker-neutral service bureau, providing network and trading technology to financial institutions and professional traders around the world.
This collaboration allows the company to offer its customers the ability to trade cryptocurrencies through integration with Voyager’s execution services and the aggregation of crypto exchange data feeds.
Voyager’s app trawls through multiple cryptocurrency exchanges and trading venues to find the best buy and sell price or that is closest to the price that had been offered to the user. Sterling and Voyager are actively integrating the systems with a target launch planned for Q3 2019.
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Voyager has a long list of deep-pocketed investors
Voyager already offers commission-free trading for at least 18 major cryptocurrencies, as it intends to take on Robinhood, the market leader in no-fee crypto trading. The startup also allows instant account opening and funding in US dollar with a $10 minimum.
The licensed crypto asset brokerage has a long list of deep-pocketed investors, including Uber co-founder Oscar Salazar. Voyager is headed by Stephen Ehrlich, the former CEO and founder of retail brokerage Lightspeed Financial who also previously ran the professional trading arm of online stock broker E*Trade.
Commenting on the news, Andrew Actman, STT’s director of business development, said, “With this partnership, we are thrilled to deliver sophisticated digital asset trading capabilities to the traders on our platforms. We’ve had a growing number of requests to have the ability to trade digital assets and this exciting partnership with Voyager will bring that to fruition.”
Steve Ehrlich, Voyager Co-Founder and CEO, added, “Demand continues to rise for digital assets and there is a clear desire by institutions to participate in and offer their clients access to this emerging asset class without the significant resources, costs, and time that would be required to develop an in-house solution. Sterling Trading Tech will be able to offer crypto trading to their clients while maintaining their existing user interfaces.”