Finery Markets has launched an automated electronic onboarding tool, allowing users to spend more time trading and less on the pre-trade process. The new electronic onboarding tool provides users with a single access point to every step of the process, eliminating the need for multiple external chats and communications. …

The SEC recently proposed expanding and enhancing qualified custodians when registered investment advisers manage assets on behalf of investors. Finery Markets’ non-custodial multi-dealer marketplace could benefit from the proposal in the long run, as institutional trading shifts towards electronic OTC markets. What exactly happened? Gary Gensler, the chairman of SEC…

Being a subject of wide discussion, last look is a common industry practice in OTC foreign exchange trading. Last look gives liquidity providers the opportunity to pull out of trades at the last moment, even after the trade was accepted by a liquidity taker. Originally the practice was designed to…

Finery Markets welcomes a new liquidity provider — Wincent, which has become the first liquidity provider to connect to the Finery Markets platform via FIX 4.4 protocol. The partnership marks an important milestone in Finery Markets’ mission to create an accessible and reliable OTC multi-dealer electronic marketplace for institutions worldwide. …

This year has been a remarkable one and we’ve achieved many milestones in terms of product development and innovation for our clients. …

Settlement risk is a type of financial risk associated with the final settlement of a transaction. It occurs when one counterparty in the transaction fails to settle its obligations on time, or in an orderly fashion, resulting in losses for the other counterparty. In any financial market, settlement risk can…

Counterparty risk management is under the spotlight following market participants’ losses caused by the FTX downfall. It is clear that in the aftermath of the current crisis market structure should evolve to offer trading models alternative to CEXes; where trading, clearing, settlement and custody services are unbundled. All the risks…

Finery Markets, a leading multi-dealer electronic marketplace for institutional participants and a trading solutions provider for crypto markets, announced a $5.5 million seed funding round today. The funding round was the first time the company received outside funding. The round was co-led by G1 Ventures, gumi Cryptos and Shima Capital…

According to 2022 Institutional Investor Digital Assets Outlook (https://cutt.ly/U1ewj6a) 62% of investors who are currently invested in crypto increased their allocations in the past 12 months (vs. 12% who decreased their allocations). Looking ahead, 58% of investors expect to increase their allocations over the next three years. Nearly a fifth…