Itiviti, an established technology and service provider to financial institutions across the globe, announced on July 16, 2020 that Diginex, a digital asset financial services and advisory firm, will be using the Tbricks automated solution to offer risk, P&L and portfolio management solutions to its institutional customers.
Diginex uses Itiviti’s global FIX-based order routing network, called utilize NYFIX, to offer connectivity to its institutional clients who are interested in gaining exposure to digital or crypto-assets.
Diginex confirmed in a release that it will be using Tbricks to launch “Diginex Access,” which is described as a “multi-venue, front-to-back trading, portfolio, and risk management solution” developed specifically for digital assets – which may include cryptocurrencies like Bitcoin (BTC) and their derivatives.
The solution will be run using the Tbricks automation technology and related infrastructure to provide an institutional-grade experience to investors who are looking for reliable solutions to manage their crypto-asset holdings.
Bobby Rahman, Head of Strategic Partnerships at Tbricks, stated:
“As institutional demand in digital assets continues to rise, we view this strategic partnership with Diginex as an opportunity to drive a more unified digital assets solution for the capital markets.”
Tbricks is currently offering a cross-asset solution to several sell-side tier 1 banking institutions and companies. Tbricks says that this recent development is a “natural evolution” of its services and capabilities for digital currency trading.
Richard Byworth, CEO at Diginex, remarked:
“Itiviti’s Tbricks Automation platform has a proven track record of serving the largest banks and hedge funds with institutional-grade trading technology. Our platform will provide leading-edge Execution and Order Management System and Portfolio Management Solution capabilities for cryptocurrencies and digital assets to the standard that institutions have come to expect in traditional markets.”