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      OKX Partners With Hidden Road To Offer Prime Brokerage Clients Access To Liquidity And Execution Of Complex Trades

      Published: just now

      OKX Partners With Hidden Road To Offer Prime Brokerage Clients Access To Liquidity And Execution Of Complex Trades

      OKX, a crypto exchange and Web3 technology company, today announced a partnership with Hidden Road Partners (Hidden Road), a global credit network for institutions. This partnership aims to offer an integrated experience for Hidden Road's clients, enabling them to execute trading strategies and facilitate delta rolls.

       

      The partnership involves the integration of OKX's Nitro Spreads, a venue to execute basis, futures spreads, and funding rate arbitrage strategies, into Hidden Road's prime brokerage offerings. This will provide Hidden Road's institutional client base with the following benefits and capabilities:

       

      ▪️ Access to OKX's liquidity for both makers and takers;
       

      ▪️ The opportunity to minimize leg risk between markets (all orders on Nitro Spreads are guaranteed to fill in matching quantities for each leg or none at all); and
       

      ▪️ The ability to select a guaranteed spread for a trade before execution, mitigating the risk of price slippage.

       

      ▪️Trades are then matched and settled immediately.

       

       

      Michael Higgins 200x200
      Michael Higgins, Hidden Road International CEO
      & Global Head of Business Development

       

      Hidden Road International CEO and Global Head of Business Development Michael Higgins said, "Hidden Road continually seeks to increase market access and capital efficiency through expanded prime brokerage offerings. Integrating OKX's Nitro Spreads product builds upon this philosophy by extending our counterparties' ability to execute risk-managed arbitrage strategies."

       

      Lennix Lai Okx
      Lennix Lai, Global Chief Commercial Officer, OKX

       

      OKX Global Chief Commercial Officer Lennix Lai commented, "Leveraging the superior liquidity of Nitro Spreads, our strategic partnership with Hidden Road enables us to extend the reach of OKX's deep liquidity and efficient execution of advanced strategies to an expanded network of institutional traders. Our collaboration further streamlines the trading experience for Hidden Road clients and underscores our technical expertise in the institutional trading space."

       

      This collaboration follows OKX's recent achievement of surpassing its all-time high in monthly futures spreads trading volume on Nitro Spreads, reaching nearly US$5 billion* in March 2024. The milestone highlights the exchange's focus on enhancing its institutional offerings. Recently, OKX launched a 'Quick Trading' mode on Nitro Spreads, which enables users to instantly select the 'Top of Book' on any spread/side with a double-click, removing the need to manually open order books or input details.

       

      *Source: Laevitas (as of April 5, 2024)

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