Menu

AlgoTrader launches digital asset trading and execution platform WIRESWARM



Swiss-based fintech company AlgoTrader announced the launch of its advanced order and execution management platform WIRESWARM. The platform will allow banks and other financial institutions to trade multiple regulated crypto liquidity venues and achieve best price execution.

The platform already provides its trading infrastructure to one of the first two regulated digital asset banks globally.

AlgoTrader AG recently completed a new round of financing from institutional growth investors. The series A round amounted CHF 3.7 million and were led by an undisclosed global Tier 1 bank, gaining the confidence of its investors.

Andy Flury, Founder and CEO at AlgoTrader AG said:

Andy Flury
Andy Flury

We have been working on WIRESWARM since 2017 and are proud of having already acquired a number of institutional clients who are using the WIRESWARM infrastructure as part of their core banking technology infrastructure. Our secure WIRESWARM platform has helped our institutional clients master the recent market volatility with confidence.

WIRESWARM is a digital asset and crypto trading and execution platform which allows financial institutions to secure connection to major digital asset liquidity providers including exchanges, brokers, OTC desks and market makers. When using the platform, banks can choose the optimal trading counterparties to ensure best price execution and comply with the regulatory requirements.

The interface and the digital asset trading framework allow financial institutions to integrate the platform into existing core banking and trading infrastructure.

Executive Board Member from Microsoft Switzerland, Roger Altorfer, commented:

Roger Altorfer

We see digital and tokenized assets as a transformative force that will drive a paradigm shift in the financial industry, and we are excited to be at the forefront of that change.

WIRESWARM is giving financial institutions the right tools to navigate the digital asset trading landscape with ease.

arrow

AlgoTrader launches digital asset trading and execution platform WIRESWARM

0

Send this to a friend