Tassat, a global provider of financial infrastructure technologies and products for the digital economy, announced today that it has teamed up with AlgoTrader to provide institutional clients with is automated, quantitative trading software.
The partnership will also include direct access to Tassat’s cryptocurrency derivatives to be offered soon on a regulated exchange. The partnership will extend the reach of both parties’ customer footprints. AlgoTrader clients will be able to send orders directly to Tassat’s US-based exchange affiliate, while Tassat will gain access to a larger pool of hedge funds and institutions. Together, the partners will strive to build a global institutional-grade cryptocurrency trading ecosystem for institutional and qualified investors.
Michel Finzi, Chief Commercial Officer, Tassat said:
“We pick our partners thoughtfully and focus on those who align with our philosophy to serve the institutional crypto marketplace. AlgoTrader has a unique service delivery model, offers clients more control and flexibility and most importantly, has a singular mission to create a high-impact trading experience. Like us, they’re driven to create a modern cryptocurrency ecosystem with no compromise on integrity and we’re excited to have them be our first partner for exchange connectivity and distribution.”
Richard Chmiel, Chief Revenue Officer of AlgoTrader said:
“Our goal at AlgoTrader is to establish a global crypto asset management ecosystem to help fuel innovation and adoption of the crypto derivatives market which may be poised for exponential growth. Tassat is one of the most professional institutional focused organizations and we are excited to partner with them and to continue to extend our global footprint with a likeminded firm.”