Finery Markets, the non-custodial crypto ECN and provider of SaaS trading solutions for institutional clients, has partnered with Wintermute, a global algorithmic trading firm, liquidity provider, and leading OTC desk in digital assets. Wintermute has become the first liquidity provider using the RFQ method on FM Liquidity Match, the institutional-grade crypto ECN. The Finery Markets’ ECN now combines order-driven matching, where liquidity is firm and slippage is zero, and an RFQ method, allowing customers to request quotes for any type of asset in any size.
Konstantin Shulga, Finery Markets CEO, commented: “As a leader in liquidity provisioning, Wintermute was a top choice for introducing the RFQ trading method through our ECN. With the launch of RFQ, we are confident that our unique hybrid trading model offers the best of both worlds, combining the transparency and execution certainty of order-driven systems with the deep liquidity and minimal market impact characteristic of quote-driven models.”
