Financial institutions technology and service provider Itiviti announced on Thursday that it and cryptocurrency exchange Gemini Trust Company is now enabling cryptocurrency holders trades with their counterparties through NYFIX, which is Itiviti’s FIX-based order routing network.
Founded in 2016, Itiviti enables financial institutions worldwide to evolve their trading. The company claims that top-tier banks, brokers, trading firms and institutional investors rely on its solutions to service their clients, connect to markets, and trade smarter in all asset classes by consolidating trading platforms and leveraging automation to move faster. Speaking about using the NYFIX services, Drew Candres, Head of Technical Exchange Services at Gemini, stated:
“We are excited to extend access to our platform to the NYFIX community which consists of an extensive network of asset management firms globally. We are focused on creating technology and services that help financial firms interact with crypto in ways similar to traditional asset class exchanges. Integrating with NYFIX helps our mutual customers seamlessly access the Gemini platform in a safe and familiar way.”
Itiviti then explained that NYFIX connects buy-side, sell-side and trading venues in the industry’s most stable and flexible order routing network. Jason Landauer, Head of Network Sales of Itiviti, concluded:
“Having Gemini connected is an exciting step for Itiviti. As the cryptocurrency space continues to grow, we look forward to providing connectivity for exchanges like Gemini and their counterparties.”