EDXM and Talos Partnership Boosts Institutional Crypto Trading

EDX Markets (EDXM), a prominent non-custodial crypto exchange with backing from Wall Street giants like Fidelity, Citadel, and Schwab, has forged a significant partnership with Talos, a leading provider of institutional-grade digital assets trading technology. This collaboration marks a milestone as Talos becomes the first Order and Execution Management System (OEMS) to integrate with EDX Markets, offering enhanced trading capabilities. Through this integration, EDXM gains access to a vast network of over 40 liquidity venues, including top-tier exchanges, OTC desks, custodians, and market makers. The result is a more comprehensive array of liquidity options for institutional investors, available through EDX Markets' front-end interface and trading tools. This move solidifies the exchange's reputation as a reliable marketplace and opens up opportunities for increased institutional participation in the crypto space. Anton Katz, co-founder, and CEO of Talos expressed the significance of this collaboration, stating, "By integrating with our trading technology, EDX Markets expands its reach and enhances its offerings, bringing a secure, efficient, and transparent trading experience to market participants. This combination strengthens our collective mission to drive institutional adoption and foster the convergence of traditional finance and digital assets." The partnership leverages Talos' expanding suite of services, including its trading platform, lending marketplace, data and analytics, and portfolio and settlement tools, enabling clients to conduct end-to-end transactions without concerns about unnecessary intermediary risk or potential conflicts of interest. Jamil Nazarali, CEO of EDX Markets, highlighted the benefits of the collaboration, saying, "This partnership broadens our range of liquidity options for clients, reinforcing our commitment to delivering a comprehensive and robust trading experience for both traditional financial institutions and crypto-native firms." EDX Markets sets itself apart from other crypto exchanges through its unique approach to customer assets. Instead of directly holding users' digital assets, transactions are conducted through financial intermediaries, similar to trades on traditional stock exchanges like the NYSE or NASDAQ. Regulators have responded positively to this approach, ensuring a clear distinction between the exchange and broker-dealer functions. Additionally, EDX Markets is preparing to launch EDX Clearing, a clearinghouse that facilitates trades against a central counterparty, enhancing price competition, reducing settlement risks, and improving operational efficiencies. The exchange's prominence in the crypto industry has been bolstered by significant funding rounds, with strategic investors like Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology recently joining the coalition of founding investors, including Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial. This additional funding will further support EDX as it advances its trading platform and solidifies its position as a leading player in the crypto market. In conclusion, the collaboration between EDXM and Talos signifies a major step forward for institutional crypto trading. With access to a diverse range of liquidity options and the backing of prominent financial institutions, EDX Markets continues to lead the way in offering a secure and efficient trading experience for both traditional financial players and crypto-focused firms.