BTIG and OptimX Markets have unveiled a new partnership which will see the firm deliver BTIG’s offering direct to institutional buy-side desks.
Specifically, the diverse range of trading opportunities will be available to desks in US markets.
“By combining BTIG’s extensive trading capabilities with OptimX’s innovative platform, this partnership addresses the growing demand among institutional traders for advanced, centralised technology that enables seamless access to deep liquidity and high-quality execution,” said the firms in a social media announcement.
Read more: Liquidity, it’s a two-way street
The news follows other recent partnerships with OptimX as the industry seeks to keep up with ever-accelerating technological innovation.
In January, OptimX Markets moved to expand its ability to offer institutional clients bilateral liquidity through an integration with State Street’s order and execution platform, Charles River.
This partnership allowed OptimX to offer greater bilateral liquidity directly to the institutional buy-side directly via their systems – an alternative to going out into the lit markets.
Later the same month, Winterflood Securities joined OptimX Markets’ growing sell-side network, able to access institutional buy-side trading desks in the European markets directly via OptimX’s platform.
Earlier this week,3 February, alternative trading system (ATS) PureStream also launched a partnership with OptimX Markets to collaborate to improve institutional trading workflows.
“Collaborating with OptimX allows us to extend the reach of our streaming protocol, offering institutions incremental liquidity choices,” said Armando Diaz, chief executive of PureStream, at the time.