Mercury Digital Assets, a technology provider for digital asset markets, today announced the release of BEACON OTC, a turnkey solution for OTC crypto trading. BEACON OTC allows OTC trading desks to move away from telephonic and instant messaging communications to centralize workflows on an institutional-grade platform, which increases operational efficiency, scalability, and profitability.
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In the opaque and fragmented OTC crypto market, powerful technology is of the utmost importance and this suite of software addresses the needs of active crypto traders and brokers.
- The platform is fully customizable through an array of modules allowing brokers and dealers to meet a diverse set of client needs. It is a complete trading application and supports both spot and derivatives trading of crypto.
- Integral to the platform is large order capabilities, including indication of interest (IOI) and request for quote (RFQ) features, helping traders and brokers to do more business.
- BEACON OTC’s pricing engine allows market makers to stream their own prices or use single-source or aggregated third-party reference prices. Spread markups and credit limits can be customized to each customer’s needs. Deals can be managed against position book inventory and users can better manage risk with low-latency connectivity to exchanges, other liquidity providers, and bespoke liquidity pools.
“The diversity and breadth of crypto markets and coins, by virtue of their idiosyncratic nature, offer a new set of challenges for both market participants and technology vendors like ourselves,” said Joe Piotrowski, COO of Mercury. “But our years of expertise in derivatives routing and connectivity uniquely positioned us to tackle this problem with a flexible, scalable system for the modern trader.”
White labeled versions are available to drive brand value and create differentiation in a crowded OTC marketplace. The platform is available for demo, please request a demo or more information here.
About Mercury Digital Assets
Developed by the same team that created the current state-of-the-art for application-driven, liquidity networks used within the listed equity options market, Mercury Digital Assets offers secure, reliable and efficient access to digital asset markets. For more information about Mercury Digital Assets, visit: www.mercurydigitalassets.com.