crypto-derivatives
(4)
FTX built the exchange. Then broke the rules.
A $32 billion valuation. A trading platform built for professionals. And a hidden exception that let one firm reach into everyone else’s money.
Talos wanted a hedge fund. It built the plumbing instead.
Two trading-system veterans went looking for a way to run a crypto fund. The missing machinery became Talos: software connecting institutional trading, portfolios, risk and settlement.
Chris Yu
Chris Yu is the co-founder and CEO of SignalPlus, a Hong Kong-based software firm building institutional-grade trading and risk-management infrastructure for crypto options and derivatives. A former macro trader at Goldman Sachs and Morgan Stanley, he spotted that crypto options represented less than half a percent of perpetual-contract volume and set out to close that gap. Since founding SignalPlus with James Shan in 2021, Yu has grown the platform into a tool used by firms including Cumberland, FalconX, Galaxy, and Goldman Sachs, and helped expand the crypto options market several times over.
VersiFi
VersiFi is a New York-based institutional digital asset trading and lending firm that pairs a low-latency, plug-and-trade platform with high-touch service. It gives institutions a single point of access to OTC and algorithmic trading, direct market access, borrowing, lending, and third-party custody - all wrapped in TradFi-grade compliance and risk controls.