SIX Invests In Institutional Trading Platform for Digital Assets02.26.2020
Last Wednesday, SIX and Omniex signed a partnership agreement. The partnership will provide a gateway to digital exchanges (including crypto currency exchanges) and OTC market makers worldwide for SIX and its clients.
— SIX (@sixgroup) February 25, 2020
This will create the basis for new business opportunities along the value chain of existing and future asset classes. The collaboration will allow clients of SIX to get a standardized and secure access to trade crypto currencies. As part of the partnership, SIX will become a shareholder in Omniex. The parties have agreed not to disclose the amount of the investment.
Omniex is a financial technology company that provides an institutional grade investment and trading platform specifically built for the needs of digital assets and crypto currencies. The Omniex platform has been live and in use by clients since 2018, providing global connectivity to exchanges and OTC providers with sophisticated algorithmic solutions for digital assets and crypto currencies.
Hu Liang, CEO and Co-Founder Omniex: “The Swiss market leads other major financial markets in the adoption of legislation and regulation supporting digital asset trading and settlement. Together with SIX we aim to offer an end-to-end solution for the trading and settlement of digital assets, including the SIX Digital Exchange (SDX), once operationally live. It will still take some time, but the cornerstones are in place to accelerate the broader adoption of natively digitalized assets.”
Thomas Zeeb, Head Securities & Exchanges, member of Executive Board, SIX: “We see a growing need in the market to access crypto currencies. Our new collaboration will provide a standardized and secure gateway via SIX as the trusted partner of the financial industry. With SDX as the digital exchange infrastructure in development, the collaboration with Omniex to deliver the front end for clients, both for existing crypto currencies, as well as in future for SDX-listed assets, is an important addition to the digital ecosystem.”
This is the first time a crypto trading business backed by an international bank has been listed by the FCA.
Regulators should take steps that unleash the power of private markets while protecting investors.
Fidelity continues to hire thousands to support cryptocurrency.
The SETL/Colendi enterprise is preparing a new public blockchain infrastructure.
In May CME Ether futures had the highest volumes since launch.