What happened?

Finery Markets has partnered with Sage Capital Management to improve liquidity access for institutional cryptocurrency traders. This collaboration introduces a new trading capability named “quote streams,” which will operate using the FIX protocol. Finery Markets is now the first cryptocurrency ECN technology provider to support RFQ, order book, and quote streams trading methods.

Who does this affect?

This partnership affects institutional clients of Finery Markets who will benefit from enhanced liquidity solutions. These clients include digital asset firms such as brokers, hedge funds, OTC desks, and payment providers across 35 countries. Additionally, Sage Capital’s deep liquidity pools will be accessible to all users of Finery Markets’ various products, providing them with seamless access to premium crypto liquidity.

Why does this matter?

This partnership is significant because it enhances market liquidity and efficiency, which are crucial for institutional-level trading operations. By providing advanced trading infrastructure and superior liquidity solutions, Finery Markets and Sage Capital aim to improve price efficiency and execution reliability in the digital asset market. The collaboration could set a precedent for more innovations in electronic trading platforms, potentially leading to broader adoption and confidence in cryptocurrency markets.