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Institutional diigtal asset technology firm Crossover Markets and Talos, the premier institutional technology provider for digital asset trading, have announced the integration of Crossover's CROSSx institutional crypto trading venue with the Talos trading platform. With this integration, CROSSx becomes the first ECN to join Talos's extensive provider network.
The integration enables Talos users to access CROSSx's customisable liquidity, high-speed trade execution, and competitive spreads. CROSSx aims to reduce trading costs while minimising market impact, a crucial metric provided by Talos in its post-trade analytics suite.
"Talos delivers post-trade analytics transparency to institutional clients experiencing significant changes in market structure," said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets. "Clients prioritize lower trading costs, considering both spreads and market impact, which is increasingly discussed in the digital asset space. CROSSx's execution speed, configurable liquidity, and no quote restrictions on makers are designed to optimize the trading experience by compressing spreads and reducing market impact. We believe the combination of Talos's comprehensive analytics and CROSSx's scalable performance will greatly benefit institutional clients."
"Talos and Crossover Markets share a common background in traditional finance and a commitment to delivering a trading experience tailored to institutional needs," said Anton Katz, Co-Founder and CEO of Talos. "We are thrilled to connect our clients with CROSSx, a unique venue in the digital asset ecosystem that offers customisable liquidity interactions while prioritising speed, a critical factor in achieving best execution."
