Itiviti Launches Diginex’s Front-to-Back Trading Solution for Crypto Derivatives

Diginex Limited has launched a front-to-back trading, portfolio, and risk management solution that enables the trading of cryptocurrencies and crypto derivatives across several platforms.

Going by the name ‘Access’, the solution is powered by world-renowned fintech company Itiviti and its trade automation institutional trading platform Tbricks.

The wholesale shift into digital assets, driven by dwindling returns in traditional assets and escalating fiscal stimuli fueling concerns about inflation, has become an opportunity for institutional-grade trading platforms that have been developing access to the digital asset class in recent years.

With ‘Access’, Diginex offers an aggregated order book across exchanges, and the ability to ensure best execution across their liquidity pools. Execution, order, and portfolio management are streamlined through a front, middle, and back-office with real-time risk and P&L.

Tbricks is a scalable cross-asset trading system that is popular among tier-one sell-side firms and banks. Clients of these firms will now gain access to trade cryptocurrencies and manage their risk and portfolio like any other asset class.

Richard Byworth, Chief Executive Officer of Diginex, commented: “This launch provides yet another onramp for institutional adoption of Bitcoin and Digital Assets. Itiviti has a proven track record in providing market-leading technology for traditional asset classes to both buy-side and sell-side institutional investors. Diginex brings many years of experience in crypto and digital assets combined with a robust approach to compliance and risk management.”

“We see increasing demand for cryptocurrency exposure from institutional investors and believe this will be a dominant theme in 2021. With the launch of Access, investors can now manage their portfolios using institutional technology that is tailored specifically for cryptocurrencies”, Byworth added.

Rob Mackay, Chief Executive of Itiviti, said: “With the integration and launch of Access on Tbricks, trading across different crypto exchanges will now be open to institutional investors across the globe and expose them to Itiviti’s advanced automated trading technology.”

This is not the first time Diginex partners with Itiviti. Back in April 2020, Diginex deployed Itiviti’s FIX order routing network that connects 1,600+ buy-side, sell-side, and trading venues across all asset classes. NYFIX is a broker-independent, vendor agnostic FIX community. The partnership allowed Diginex to join a growing number of digital asset exchanges across the globe that are utilizing the NYFIX order routing network.