low-latency-trading
(5)
Brandon Mulvihill Is Rebuilding Crypto's Market Plumbing
After nearly two decades in foreign exchange, he left Jefferies to separate crypto execution from custody and brokerage. Four years later, Crossover Markets has processed more than $50 billion in trades - and brought Tradeweb into institutional crypto.
Pico Built the Plumbing for 900 Markets - Then Turned the Pipes Into a Data Business
Banks once stitched trading infrastructure together vendor by vendor. Pico spent 17 years turning that headache into one managed stack - and the network itself into a source of intelligence.
MIAX
MIAX started as a bet that exchange technology could be faster, more reliable and more attentive to customers. It has since assembled eight marketplaces across options, equities, futures and international listings - and turned the machinery behind a trade into the product.
Spark Systems Pte Ltd
Spark Systems is a Singapore-based financial technology company building next-generation electronic foreign exchange (eFX) trading platforms. Its ultra-low latency aggregator and eFX solution platform give banks, hedge funds, central banks, sovereign wealth funds and corporate treasuries fast, resilient and cost-efficient access to FX liquidity, price construction, auto-hedging, risk control and white-label distribution. Founded in 2016 by veteran FX trader Wong Joo Seng, the company is backed by global institutions including HSBC, Citi and Goldman Sachs, and counts OCBC and ATFX among its partners.
Crossover Markets
Crossover Markets is a New York-based institutional trading technology firm behind CROSSx, one of the first execution-only cryptocurrency electronic communication networks (ECN). Founded in 2022 by former FX prime brokerage executives, it decouples trade execution from custody and brokerage to remove the conflicts of interest common on crypto exchanges. CROSSx pairs sub-20 microsecond matching with smart order routing and custom dark and lit liquidity pools, and has matched more than $50 billion in notional volume across 12 million trades for nearly 100 institutional participants.