The digital asset service provider company Bequant has introduced a prime brokerage service for crypto, Bequant Pro, for its institutional clients, so that they could easily access the liquidity, custody and other products, according to an announcement.
Services Offered By Bequant
The institutional clients of Bequant would not have to pay more for trading and expanding their portfolios because now, most of the services and liquidity pools, it will be using, could be found under one roof.
Collateral management tools, routing smart orders are few additional services offered by Bequant Pro.
While sharing his views on Bequant Pro, the CEO of Bequant, George Zarya, said, “We are tailored to a lot of quant [hedge funds] and our clients typically look at trading through automated strategies, arbitrage, you name it”.
In traditional finance, the prime brokerage is explained as a package of specialized services which is granted to the hedge fund clients by their investment banks and securities dealer.
Bequant To Intergate Derivative Liquidity Pools
Currently, there are very few prime brokers in the crypto space and Tagomi which a New York-based prime broker is the biggest competitor of Bequant.
In early 2020, the New York-based prime broker firm joined hands with Libra Association of Facebook and became its 22nd member.
Companies like Huobi provides their own brokerage services, but that is counted as their additional services. Presently, there are a very limited number of companies in the market that provides a full range of prime brokerage tools to their clients.
Zarya further mentions that currently, Bequant allows spot trading at exchanges and over-the-counter (OTC) desks, but in the future, it has been planning to integrate derivative liquidity pools too, for its clients.
Presently, Bequant’s clients could have access to 18 different sources of liquidity, and out of which 7 are crypto exchanges. But the firm is also thinking to integrate 30 new exchanges by the end of the year 2020.
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