Caspian, a joint venture between institutional trading software provider TORA and blockchain advisory firm Kenetic, which is designed to bring institutional grade trade order, execution, compliance and portfolio risk management features to the crypto world, is to integrate with Coinbase to drive institutional participation in crypto currencies.
The new collaboration will enable professional investors to leverage Caspian’s full-stack of crypto trading tools across the Coinbase digital currency trading platform.
David Tattan, (pictured), is Head of European Business Development at Caspian and TORA. “The rollout of the Caspian crypto trading and portfolio management system means that, as crypto currencies increasingly become part of the investment universe of more institutions, traders and portfolio managers now have tools to help them achieve best execution and manage their portfolios more effectively.
“We are seeing a huge demand globally from asset managers and OTC trading desks,” Tattan says. “Many are used to trading traditional assets and are looking for technology that can help them perform in the crypto space. TORA is already a market leader in providing this sort of technology in the traditional assets markets and Caspian has now become the go-to technology firm in the crypto market.
“Most clients bring crypto trades back to fiat currencies, usually the US dollar. “Trading desks at asset managers want to know they have access to liquidity and the best possible prices. The Caspian OEMS trading system achieves this first main requirement as it is connected to over 30 different crypto exchanges. The system offers access to the Caspian smart order router and the Caspian suite of crypto algos,” Tattan says. Coinbase is one of the largest crypto exchanges.
“Crypto asset managers, and OTC desks are also demanding robust systems to help them manage their portfolios. The Caspian portfolio management platform, which is fully integrated with the Caspian OEMS trading system, provides this solution. It keeps the full transaction history, provides position managements tools, contains a robust library of portfolio and trading based compliance checks, enables P&L tracking and much more.”
Since Caspian was formed earlier this year, there have been 15 clients onboarded and 170 different global institutional investors are waiting to be onboarded.
“Crypto offers alternative sources of alpha,” Tattan says. “As in the traditional markets, there are many different crypto strategies being employed by investors to generate alpha and Caspian is providing technology solutions to help investors achieve their investment goals.”