Finery Markets launches non-deliverable trading
DV Chain and oneAlpha have become the first liquidity providers on Finery Markets to execute non-deliverable trades in crypto. With the new functionality clients have the ability to roll their open positions by paying a fee offered by the Liquidity Provider.
Finery Markets’ non-deliverable solution allows banks, brokers, hedge funds, payment services, and virtually any market player that doesn’t hold custody of cryptocurrencies to streamline their operations. Non-deliverable spot trading brings the best of both worlds: deep and firm liquidity with zero rejection rates and the ability to roll positions to the next trading day.
The cryptocurrency markets are highly fragmented, and the execution process varies between venues. Turbulence in the market during macroeconomic events has had a significant impact on bid-offer spreads. During periods of growing volatility the cost of trading on crypto exchanges increased 2x compared to firm quotes from global OTC desks on Finery Markets.
About DV Chain
DV Chain provides world-class cryptocurrency trading and technology. From easy-to-use, web-based charting and click trading to white glove, specialized algorithmic orders, institutions around the globe depend on DV Chain’s robust, stable tech stack to power and scale their businesses. Depending on local regulation, some or all of these product offerings may not be available to all participants in every jurisdiction.
DV Chain is an affiliate of DV Trading, a Chicago-based proprietary trading firm and also an affiliate of Independent Trading Group, a Canadian broker-dealer. In 2016, the founders of DV Trading launched DV Chain to adapt the technology and trading strategies employed by DV Trading to bring liquidity to cryptocurrency markets. Since then, DV Chain has become one of the world’s global crypto leaders providing reliable, accessible, and technologically advanced cryptocurrency liquidity solutions.
About oneAlpha
oneAlpha provides cutting-edge trading technology and liquidity solutions worldwide for digital currency enhanced companies such as traders, token issuers, and payment processors. Technology is the core of oneAlpha’s business and it is integrated into everything they do.
We tailor solutions to optimize your trade and settlement needs. Their system is designed to be present 24/7 with architecture focused on robust performance with extensive security standards.
About Finery Markets
Finery Markets is an Institutional Crypto Liquidity Marketplace. Serving clients since 2019 Finery Markets provides Financial Institutions & Crypto-related Businesses with:
- Firm streaming prices & bespoke execution quality for 200+ coins and fiats
- Single access to global Liquidity Providers / OTC desks via API & GUI
- Robust infrastructure: full automation & 99.99+% uptime
- Flexible settlement & cash management based on custody-agnostic model
