# Talos

> Talos supplies institutional digital-asset technology and data, connecting clients to exchanges, OTC dealers, prime brokers and custodians while supporting portfolio construction, execution, risk, treasury and settlement workflows. Founded by Anton Katz and Ethan Feldman in 2018, it sells SaaS infrastructure rather than a retail investing app.

- **Founded:** 2018
- **Headquarters:** New York, United States
- **Founders:** Anton Katz (Co-founder and CEO), Ethan Feldman (Co-founder and CTO)
- **Products:** Trading Platform, White Label, RFQ Platform, Portfolio Construction, Portfolio & Risk Management
- **Notable:** First platform trade in 2019., US$1 billion cumulative notional trading volume in 2020 and US$10 billion in April 2021, according to Talos., US$1 trillion cumulative notional platform volume announced August 18, 2026; trading volume is not revenue or assets under management.

## Products & services

- **Trading Platform** — Order and execution management, liquidity aggregation, fee-aware routing and execution algorithms.
- **White Label** — Customizable trading interface and APIs with pricing, hedging and transaction-ledger tools; clients retain their brokerage compliance responsibilities.
- **RFQ Platform** — Multi-dealer request-for-quote workflows for institutional block and derivatives trades.
- **Portfolio Construction** — Optimization, backtesting, rebalancing and risk/return attribution; expanded with D3X acquisition.
- **Portfolio & Risk Management** — Consolidated positions, P&L, risk alerts and stress testing; enhanced with Cloudwall.
- **Treasury & Settlement** — Cross-venue balances, obligations and custody-connected settlement orchestration.
- **Post-Trade Analytics** — Transaction cost analysis and execution measurement against benchmarks.
- **Coin Metrics Data** — Crypto market and network data, indexes, blockchain analytics and network risk products.

## Achievements

- First platform trade in 2019.
- US$1 billion cumulative notional trading volume in 2020 and US$10 billion in April 2021, according to Talos.
- US$1 trillion cumulative notional platform volume announced August 18, 2026; trading volume is not revenue or assets under management.
- Completed acquisitions of D3X Systems, Cloudwall, Skolem and Coin Metrics.
- Talos reported 100 integrations at year-end 2025.
- Named to Forbes America’s Best Startup Employers for a second consecutive year in 2024.

## Latest updates

- **2026-09** — September 30 commentary describes infrastructure for brokerages spanning crypto, stablecoins and tokenized instruments.
- **2026-08** — Talos announced US$1 trillion in cumulative notional trading volume.
- **2026-04** — Q1 roundup reports FalconX electronic OTC options integration and expanded RFQ functionality.
- **2026-03** — Nasdaq and Talos announced tokenized collateral management partnership.
- **2026-01** — US$45 million Series B extension brought cumulative Series B financing to US$150 million at approximately US$1.5 billion post-money valuation.

## Links

- Website: https://www.talos.com
- LinkedIn: https://www.linkedin.com/company/talos-trading
- Twitter/X: https://twitter.com/talostrading
- YouTube: https://www.youtube.com/@talostrading

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Profile page: https://yespress.io/talos
Published by YesPress — https://yespress.io
Last updated: 2026-10-05