OKX has partnered with Kemet Trading, the digital asset derivatives trading platform for institutions, in order to provide clients with access to Kemet’s derivative trading infrastructure.
The collaboration now reportedly provides institutional clients with Kemet’s position, risk and portfolio management capabilities.
As institutional participation continues to drive market maturity, the integration provides infrastructure for “complex trading strategies across futures, perpetuals and options markets.”
Kemet’s turnkey tech platform supports the full trade lifecycle with high-performance execution and risk management capabilities “through a full suite of APIs, enabling institutions to execute across the entire digital asset derivatives market from a single endpoint.”
The platform’s algorithmic execution capabilities, including delta hedging, chase, vega, MLO (multi-leg order) and TWAP (Time-Weighted Average Price) can be “utilized by institutions across OKX’s derivatives markets.”
OKX Institutional, their exchange’s suite of solutions for institutions and professional traders, “processes over $1 billion in daily options trading volume”
Their exchange offers portfolio margin mode that “allows institutions to use any coin as collateral and offset positive delta on options to hedge futures or perpetuals positions.”
Through our risk offset mode, clients benefit from lower margins and efficient capital management. Their platform also supports multiple off-exchange custodial solutions through partnerships with industry participants such as Copper and Komainu.
Since launch less than a year back, Kemet has reportedly processed more than $8 billion in trading volume via its proprietary algorithmic Order and Execution Management System (OEMS).
The platform ensures best execution via market-wide connectivity and end-to-end digital asset orchestration and automation.
In another update, OKX announced the appointment of Joanna Lane as Interim CEO for OKX Australia.
In her role, Lane will oversee the development of products and services tailored to meet the needs of Australian customers.
She will also manage OKX‘s growth in Australia. Jamie Kennedy, who “had served as Australia GM, has moved on from OKX Australia business.”
Lane has experience across the finance and crypto sectors in a “range of senior management positions.”
Before taking on the Interim CEO position, she served as Executive Director for the OKX Australia business, contributing to “governance and team growth.”
Previously, she worked at Okcoin first as Deputy Chief Compliance Officer and subsequently as Deputy General Counsel, “in the legal and compliance departments respectively.”
Before joining the crypto industry, Lane held positions at Ernst & Young in Oslo, Norway, and Goldman Sachs in New York.
Lane is admitted to the State Bar in New York, “holds a JD from Benjamin N. Cardozo School of Law and a bachelor’s degree from Drew University.”
OKX Australia Interim CEO Joanna Lane said:
“I plan to leverage my background in compliance and good governance to build trust, while empowering the team to continue to develop the best product possible for our customers.”