TP ICAP, a a global markets infrastructure and data solutions provider, has added another major market maker, Susquehanna, to its Digital Assets Spot platform, due to launch this year.
Susquehanna Digital Assets, is a member of The Susquehanna International Group of Companies (Susquehanna), is a global quantitative trading firm built on a rigorous, analytical foundation with deep experience in the traditional financial markets. One of the largest proprietary global quantitative trading firms in the world, Susquehanna was an early entrant to the cryptocurrency market. The company handles millions of transactions on exchanges around the world every day.
The addition of Susquehanna to the platform follows that of Flow Traders, Jane Street and Virtu Financial, and will provide further liquidity and ensure competitive prices for buyers and sellers.
TP ICAP’s new Digital Assets Platform, which remains subject to registration with the UK Financial Conduct Authority, will feature a wholesale electronic Over The Counter (OTC) marketplace for spot crypto asset trading, including bitcoin and ether. The platform will also include post-trade infrastructure that provides straight through processing (STP) and payment netting services for executed trades into a network of digital asset custodians.
