Diginex Selects Itiviti’s FIX Order Routing Network for Crypto Trading

Diginex, a digital asset financial services and advisory company, has selected Itiviti’s NYFIX connectivity amid growing demand from institutional investors, who wish to include digital assets in their portfolios.

This will grant Diginex’s client base a FIX-based order routing network that connects 1,600+ buy-side, sell-side and trading venues across all asset classes, combining state-of-the-art technology and network infrastructure to deliver continuous service and performance.

NYFIX is a broker independent, vendor agnostic FIX community, which connects buy-side, sell-side and trading venues in the industry’s most stable and flexible order routing network – delivered as a managed service. The partnership with Itiviti will make Diginex join a growing number of digital asset exchanges across the globe that are utilizing the NYFIX order routing network.

Richard Byworth, CEO at Diginex, commented: “NYFIX was the natural first choice for us as connectivity partner. Diginex’s mission is to provide improved access and regulated infrastructure to institutions and sophisticated investors looking to participate in this new emerging asset class. NYFIX enables this with connectivity to a broad cross-section of institutional asset managers and allocators of capital.”

Rob Mackay, CEO, Itiviti, said: “Diginex is leading the charge on the institutionalization of digital assets, so they make an ideal partner. NYFIX is quickly becoming the de-facto network to provide access to digital asset venues and we are delighted to welcome Diginex onboard.”

In March 2020, the Winklevoss twins’ Gemini Trust Company also partnered with Itiviti to for its FIX-based order routing network. Gemini joined over 60 worldwide Itiviti partners who utilize the NYFIX platform to offer integrated trading solutions.

Also part of Itiviti’s FIX community is Seed CX, an institutional exchange and settlement platform for digital assets. Global Alliance Program (GAP) is the umbrella under which Itiviti manages all partner relationships globally, enabling clients to leverage a highly integrated network of technology providers. Seed CX joined the program in late 2019 to provide NYFIX customers with advanced analytics, monitoring, and post-trade processing tools in the digital asset space.