Omniex, Gemini Connect To Improve Crypto Market Access For Institutional Investorsbr>
Cryptocurrency trading platform Omniex and the Winklevoss twins’ Gemini exchange have cross-connected in Equinix’s low-latency NY5 data center, a carrier neutral facility offering connectivity to multiple carriers and service providers.
Omniex is a front-to-back office investment and trading platform for institutional investors to access crypto markets. It provides portfolio and risk management, trade execution, investment operations and compliance solutions to buy-side, market-making and broker-dealer institutions. Omniex is connected to many of the largest crypto liquidity venues, including leading exchanges and OTC market makers from around the world.
Founded in 2014 by brothers Cameron and Tyler Winklevoss, Gemini allows customers to buy, sell, and store digital assets such as bitcoin, ether and Zcash. It recently announced that it will be launching a dollar-pegged stablecoin approved by the New York Department of Financial Service (NYDFS).
According to the press release, the collaboration will deliver the connectivity, features and high-performance trading experience institutional investors need, but was previously missing in the world of crypto investing.
Hu Liang, CEO and co-founder of Omniex, said that fragmented and immature crypto market structure has left institutional investors at a loss for robust solutions, forcing some providers to resort to tweaking platforms engineered for other asset classes.
“Cross-connecting to Gemini in NY5 further expands the unrivaled level of reliability and performance our clients expect and need to execute on their investment strategies,” Liang said.
Tyler Winklevoss, CEO of Gemini, said Omniex shares their core philosophy that technology must be purpose-built for institutional investors to address the regulatory and market challenges they face in crypto assets.
“As our ecosystem continues to mature, it will be vital to work with firms that understand the intricacies of institutional operations, while delivering best-in-class technology that empowers investors,” Winklevoss said.