Itiviti has partnered with Seed CX, an institutional exchange and settlement platform for digital assets, to ensure that traditional institutional firms currently utilizing Itiviti’s NYFIX network, now can access Seed CX’s digital asset exchange and settlement ecosystem.
NYFIX is Itiviti’s broker independent, vendor agnostic FIX community, which connects buy-side, sell-side and trading venues in Itiviti’s order routing network delivered as a managed service.
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 will join the program and provide NYFIX customers with advanced analytics, monitoring, and post-trade processing tools in the digital asset space.
Adam Leaman, VP of Client Services at Seed CX, commented: “Now that the NYFIX network is connected to our digital asset exchange, Itiviti’s client base, which includes over 800 institutional firms, can easily access Seed’s crypto market. Itiviti’s NYFIX suite of services is well known for stability and a strong support team,
which is why their client base is a natural fit for our exchange.”
Jason Landauer, Head of Network Sales at Itiviti, said: “We’re very excited about our latest partnership with Seed CX. Growth in the crypto space shows no sign of slowing, and we are thrilled to be the connectivity partner for Seed CX and their clients.”
Seed CX has emerged to become one of the world’s leading digital asset specialists for institutional trading. In June 2019, Corvil announced it will provide visibility across Seed CX’s multiple client access options (including colocated cross-connects, VPN access, and web-based access through AWS infrastructure) and proprietary binary protocol.
In May 2019, Avelacom partnered with Seed CX in order to gain access to Seed CX’s real-time market data and order-routing solutions and be able to meet global institutions’ desire to trade digital assets in a way they are used to from using traditional exchanges.