EDX Markets has launched a new product called FlowConnect, aimed at financial firms that want to offer crypto trading without running their own market and post-trade infrastructure. The company describes FlowConnect as a “crypto-as-a-service” platform that combines trading, clearing and settlement in one stack for institutional use.
According to EDX, FlowConnect gives clients access to institutional liquidity, a matching engine, and clearing and settlement services. The platform supports spot and perpetual contracts, as well as stablecoin on- and off-ramps. Clients can either use a standard setup or connect their own service providers. EDX operates only as an institutional venue and says it does not compete for retail order flow.
The system is built on EDX’s proprietary matching and clearing technology. It can be accessed via cloud or data-centre connections and supports settlement in stablecoins, crypto and other eligible collateral types.
Collateral- and risk management
EDX says FlowConnect includes collateral and risk management tools covering both pre- and post-trade. These include controls on order size, duplicate orders and price limits, as well as automated margin calls, liquidations and auto-deleveraging. The company also states that collateral and settlement accounts are bankruptcy-remote and fully segregated at sub-account level.
The platform allows firms to configure trading pairs, margin and liquidation parameters, leverage levels and fees. It can also be used to launch white-labelled crypto exchanges and manage client sub-accounts.
24/7
EDX Markets’ CEO Tony Acuña-Rohter said the product is intended to mirror the standards of traditional financial markets. Kai Kono, CEO of EDXM International, said it is designed for institutions looking to deploy spot and perpetual products with defined risk controls and settlement frameworks.
EDX added that it will provide 24/7 onboarding and operational support for firms adopting FlowConnect globally.
