“Fragmented and immature crypto market structure has left institutional investors at a loss for robust solutions, forcing some providers to resort to tweaking platforms engineered for other asset classes.”
Omniex has cross-connected with Gemini in Equinix’s low-latency NY5 data center that caters to large financial institutions and electronic trading ecosystems.
The institutional investment and trading platform for crypto assets has partnered with the regulated institutional crypto exchange to deliver connectivity, features, and a high-performance trading experience to institutional investors.
Omniex boasts an execution management system (EMS) deployed in Equinix’s NY5 data center, alongside a full featured portfolio and order management system (POMS) in the cloud.
Connected to many of the largest crypto liquidity venues, including leading exchanges and OTC market makers, the Omniex platform is deeply rooted in institutional trading infrastructure and execution optimization in order to cater to institutional investors.
Founded in 2017, Omniex provides portfolio and risk management, trade execution, investment operations and compliance solutions to buy-side, market-making and broker-dealer institutions.
The firm has raised $10M in seed funding from leading investors including Wicklow Capital, Jump Capital, Digital Currency Group, Sierra Ventures, Clocktower Technology Ventures, ThirdStream Partners and Alan Howard of Brevan Howard.
Hu Liang, CEO and co-founder of Omniex, said: “Fragmented and immature crypto market structure has left institutional investors at a loss for robust solutions, forcing some providers to resort to tweaking platforms engineered for other asset classes. Cross-connecting to Gemini in NY5 further expands the unrivaled level of reliability and performance our clients expect and need to execute on their investment strategies.”
Tyler Winklevoss, CEO of Gemini, commented: “Omniex shares our core philosophy that technology must be purpose-built for institutional investors to address the regulatory and market challenges they face in crypto assets. As our ecosystem continues to mature, it will be vital to work with firms that understand the intricacies of institutional operations, while delivering best-in-class technology that empowers investors.”
Gemini has recently acquired BITRIA to enrich Gemini’s custody and exchange capabilities with access to the entire crypto ecosystem and the ability to manage their clients’ portfolios from one interface.
BITRIA is a portfolio management platform for wealth and asset managers dedicated to digital assets and comprises of two solutions: Digital Asset Separately Managed Account (SMA) and Digital Turnkey Asset Management Platform (DTAMP).
According to a Financial Planning Association and Journal of Financial Planning survey published in June 2021, 49% of advisors said clients have asked about cryptocurrencies in the past six months, up from 17% in 2020.
Rising demand for digital assets represents a potential transfer of billions in wealth in the coming years as AUM within advised accounts in the United States total $20 trillion.