LGO Markets and XTRD announced a partnership so that institutional traders can access real-time market data and execution through a unified FIX API, which means access to a new liquidity pool without significant changes to algorithms.
LGO Markets is a “non-custodial, secure and transparent trading platform dedicated to institutions”, while XTRD is a technology company introducing a new infrastructure allowing banks, hedge funds, and large institutional traders to easily access cryptocurrency markets.
XTRD CTO Serg Gulko said in a statement that LGO Markets is serious about regulations, and that over time it became clear “that we might have much more to work in common besides FIX API integration”.
Hugo Renaudin, CEO at LGO Markets, commented as well: “As our ambition is to become the reference institutional platform for trading, clearing, and settlement of digital assets, it only makes sense to work with XTRD which will provide institutional grade access to our platform.”