oneZero's vast network of traditional banks
and institutions can access deep liquidity for 350+ spot and CFD
crypto trading pairs and offer clients advanced
crypto trading capabilities
SINGAPORE, July 16,
2024 /PRNewswire/ -- Wintermute Asia Pte. Ltd
("Wintermute"), the digital asset derivatives trading arm of
Wintermute Group, the leading global algorithmic trading firm, and
liquidity provider in digital asset markets, today announced that
it has completed the integration of its spot and CFD liquidity into
the oneZero EcoSystem. oneZero is the leading multi-asset class
enterprise trading technology provider for banks and financial
institutions. In addition to the oneZero integration, Wintermute
has introduced the market's first multi-currency collateral
support, allowing counterparties to post any
cryptocurrency or fiat as margin collateral for CFD
trading.
![Wintermute Transparent Logo (PRNewsfoto/Wintermute) Wintermute Transparent Logo (PRNewsfoto/Wintermute)](https://mma.prnewswire.com/media/2282138/Wintermute_Transparent_Logo.jpg)
Though CFDs are a newer addition to Wintermute's OTC derivatives
offering, launched in March, trading volumes have seen notable
growth, increasing over threefold by June. In conjunction with the
global OTC derivatives market valued in the hundreds of trillions
of dollars, Wintermute sees significant growth opportunities in the
relatively smaller volumes of crypto CFDs and is
poised to position itself as a leading liquidity provider in this
market. Anticipating continued market demand for efficiently
cleared and settled digital asset contracts, Wintermute has
integrated with oneZero. oneZero has built a liquidity-neutral
EcoSystem on behalf of its clients, that covers more than 250
brokers, banks, and liquidity providers who trade over 200 billion USD in notional volumes across a
variety of asset classes through oneZero every day.
Evgeny Gaevoy, CEO of Wintermute, commented, "This year's market
momentum and the consistent growth in crypto adoption
are driving increased interest in crypto trading. This
interest is partially fueled by the introduction of OTC-cleared
derivatives such as crypto CFDs to enhance returns and
hedge risk. As a result, we've seen a significant influx of
traditional FX market participants (banks and brokers) entering the
space, seeking top-tier liquidity providers. To offer their clients
an efficient trading environment, brokers need deep liquidity and
reliable 24/7 pricing, and Wintermute is ideally positioned to meet
these needs. With our extensive experience and proven track record
in digital asset liquidity, we provide the familiar requirements
and conditions found in traditional finance. Leading financial
institutions can now access Wintermute's tight spreads, competitive
margins, no fees, and 99.9% uptime for over 350 CFD trading pairs
through oneZero's robust infrastructure."
Andrew Ralich, oneZero Co-Founder
and CEO, stated, "oneZero is dedicated to operating a vast array of
partners within our liquidity-neutral EcoSystem on behalf of our
clients. We have continued to expand our capabilities to provide
solutions to a wide variety of institutional clients, and demand
for digital assets is increasing significantly within this client
class. As such, I'm delighted to be partnering with Wintermute, an
innovator in the institutional digital asset space. Wintermute has
an outstanding track record of providing robust liquidity for
hundreds of digital assets, ensuring market access for banks and
other B2B clientele. oneZero's ability to offer innovative,
multi-asset capabilities alongside our pioneering FX offerings, all
backed by a robust data and analytics framework, continues to
differentiate our offering."
oneZero can now offer Wintermute's spot and derivatives digital
asset products to clients looking for efficient order execution and
reliability. This move follows the successful integration with CME
in November 2023, further expanding
the company's presence in traditional finance. With the
latest addition of multi-currency collateral support, Wintermute
allows the use of various cryptocurrencies, including
liquid staking tokens, as collateral alongside fiat. By allowing
CFD traders to keep their crypto assets (without
converting to fiat to meet margin requirements), they can generate
value on these crypto holdings on multiple
fronts. This update significantly improves trading efficiency
while retaining exposure to crypto assets.
Additionally, it increases capital efficiency by eliminating extra
FX conversions and on/off-ramping costs. This feature will be
available to all participants in the oneZero ecosystem from day
one.
About oneZero
oneZero Financial Systems has been a
leading innovator in multi-asset class enterprise trading
technology since 2009. Its powerful software encompasses the Hub,
EcoSystem and Data Source - three components that together provide
a complete solution for execution, distribution and analytics.
Through reliable connectivity, technology, infrastructure and
market access, oneZero empowers financial institutions and brokers
to compete effectively in the global financial markets through a
globally compliant, liquidity-neutral solution. oneZero is
certified to the standards of ISO 27001 information security
management systems, and has development and operations centers in
Asia, Australia, Europe and North
America.
For more information, visit: https://www.onezero.com
Media Contact
Talia Geberovich
tgeberovich@onezero.com
About Wintermute Asia
Wintermute Asia, the digital
asset derivatives trading arm of Wintermute Group, a leading global
algorithmic trading firm and one of the largest players in digital
asset markets, aims to provide the most comprehensive OTC
derivatives offering in the space. Leveraging its domain expertise
from traditional markets and extensive access to diverse liquidity
pools, Wintermute Asia's growing suite of derivative instruments
includes options, forwards, NDFs, CFDs, and tailored products, all
available in a wide range of tokens. Through a customized approach,
Wintermute Asia can structure almost any trade to address different
use cases, trading strategies, and market conditions, fostering
market access for investors from both traditional and digital asset
finance.
For more information, visit: https://www.wintermute.com/
Media Contact
M Group Strategic Communications (on
behalf of Wintermute)
wintermutepr@mgroupsc.com
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SOURCE Wintermute