Finery Markets’ Key Tech Expands Transfero Crypto Trading

Konstantin
Shulga, the CEO and Co-Founder of Finery Markets, thinks that the integration
is set to revolutionize Transfero’s capabilities in crypto trading, offering
advanced features like pre-trade risk management, flexible settlements, and
compliance-ready reporting.

“By
leveraging FM Liquidity Match, Transfero will gain access to state-of-the-art
technology that will completely transform the crypto trading procedures and
help to improve capital efficiency,” Shulga added.

FM
Liquidity Match, boasting a proprietary matching engine, is an out-of-the-box
solution for institutional entities looking to set up a fully electronic OTC
trading platform, managing client relationships from initiation to post-trade.

In this
partnership, Transfero utilizes Finery Markets’ technology to further its
market position and extend the reach and reliability of financial services
across the Latin American region. It is worth noting, that Transfer is the
largest fiat ramp provider in LATAM, offering its own stablecoins pegged to
Brazilian Real (BRZ) and Argentinian Peso (ARZ).

“As we
constantly sought out new ways to improve the quality and effectiveness of our
services, we deployed the technology of FM Liquidity Match to automate trading
processes, lower operational expenses, and mitigate risks associated with
counterparties,” Carlos Russo, the Co-Founder of Transfero Group, concluded.

Finery Markets’ Role in
Digital Asset Trading

Finery
Markets is recognized as a leading non-custodial crypto ECN, specializing in
infrastructure for institutional market players. Since 2019, it has expanded
its services to over 100 digital asset entities, including payment providers
and hedge funds.

This week, Finance
Magnates reported that Finery Markets partnered with DAMEX to assist in
launching electronic OTC trading. In June, it also collaborated with Bequant to
simplify the cryptocurrency trading process for institutional investors.

📢 @damex_io , a leading payment platform for digital assets, has partnered with @finerymarkets to launch electronic OTC trading. 🚀 pic.twitter.com/tRyZD5oOvS

— Finery Markets (@finerymarkets) November 7, 2023

The company
is focused on delivering a trading infrastructure that facilitates improved
capital efficiency and a streamlined post-trade settlement
Settlement

Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2

Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2
Read this Term workflow,
contributing to the overall robustness of the digital asset trading ecosystem. To do so,
Finery Markets is constantly expanding its team. In late October, it announced
a key appointment of Marko Jagustin as the Strategic Advisors. Jagustin has
over 20 years of experience in the field of financial services.