TP ICAP, a leading global interdealer broker, has executed its first live trade via Fusion Digital Assets with GMEX Trading and Post-Trade Technology. The announcement was made through a press release on 22nd June 2021.
Fusion Digital Assets is a blockchain-based platform that enables the trading of digital assets, while GMEX Trading and Post-Trade Technology provides exchange and post-trade solutions. The collaboration between these two companies and TP ICAP aims to provide institutional investors with a secure and efficient way to trade digital assets.
The first live trade executed through this partnership involved the trading of Bitcoin futures contracts on the CME exchange. The trade was executed seamlessly, demonstrating the effectiveness of the Fusion platform and the integration with GMEX’s post-trade technology.
The use of blockchain technology in financial markets has been gaining traction in recent years, with many institutions exploring its potential benefits. Blockchain technology offers increased transparency, security, and efficiency in the trading and settlement of financial assets.
TP ICAP’s entry into the digital asset market is a significant step towards the mainstream adoption of blockchain technology in financial markets. The company’s expertise in traditional financial markets combined with the innovative technology provided by Fusion and GMEX creates a powerful offering for institutional investors looking to trade digital assets.
In the press release, Simon Forster, CEO of GMEX Group, stated, “We are delighted to have worked with TP ICAP to deliver this milestone trade on our Fusion Digital Assets platform. This is a significant step forward in the institutional adoption of digital assets and we look forward to working with TP ICAP to bring further innovation to this market.”
The successful execution of the first live trade via Fusion Digital Assets with GMEX Trading and Post-Trade Technology marks a significant milestone in the adoption of blockchain technology in financial markets. As more institutions explore the potential benefits of blockchain technology, we can expect to see further innovation and growth in this space.
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