“This partnership aligns with our commitment to offering institutional-grade solutions that empower our clients with secure and confidential trading options. Enclave’s innovative approach to confidential trading complements our goal of delivering optimal market performance, and we look forward to further expanding the utility and value we provide to our users through this collaboration.”
Enclave Markets, the fully encrypted exchange (FEX) that combines centralized and decentralized finance, has announced an integration with Talos.
The partnership will allow institutional users of the digital asset-specialized OMS to confidentially trade blocks of digital assets through Enclave’s FEX, directly from their Talos trading dashboard.
“Offering anonymity and high levels of risk mitigation across all their trades”
David Wells, CEO of Enclave Markets, said: “With the digital asset industry moving further towards maturity, providing utility to professional and retail traders alike remains a key aspect of our core mission. By collaborating with Talos, we are creating additional trustworthy and secure transacting options for sophisticated digital asset management professionals, offering anonymity and high levels of risk mitigation across all their trades without ever having to leave the Talos platform. We are excited to work with Talos and offer as much utility as possible to its users as we expand our FEX offering within the impressive Talos trading suite.”
Anton Katz, Co-Founder & CEO at Talos, said: “We’re excited to join forces with Enclave to provide our clients with enhanced trading capabilities through their fully encrypted exchange platform. This partnership aligns with our commitment to offering institutional-grade solutions that empower our clients with secure and confidential trading options. Enclave’s innovative approach to confidential trading complements our goal of delivering optimal market performance, and we look forward to further expanding the utility and value we provide to our users through this collaboration.”
Cross Orders: an encrypted order type for private trading with no front-running
This integration allows eligible clients to engage in trading via Cross Orders on Enclave Markets’ secure crossing network called Enclave Cross. This new order type presents a safeguarded and private trading environment enhanced by enterprise-level encryption. This encryption ensures that counterparties are shielded from front-running activities.
Through Enclave Markets’ FEX, which unlocks a range of advantages, users of the Talos platform can experience reduced slippage and market impact in their trades.
Moreover, the counterparty risk is mitigated effectively. Enclave Cross has observed an impressive growth of over 1,000% in trading volumes since the beginning of the year, a testament to its ongoing expansion. Marcum LLP has recently audited Enclave Markets, and this oversight will persist to ensure the proper usage and accounting of funds within Enclave’s FEX.
Talos has seamlessly integrated digital asset management with favored prime brokers, exchanges, OTC desks, and lenders, all accessible through a unified system on the Talos dashboard. This dashboard now incorporates Enclave Cross, the pioneering fully-encrypted crypto crossing network.
Eligible Talos clients can now effortlessly place orders directly on Enclave Cross and access Enclave’s pricing through integrated market data cards on the Talos dashboard. Users have the option to prime orders via these data cards or by initiating new orders and selecting Enclave Cross as the preferred strategy.
Eligible Talos clients aiming to utilize Enclave Cross for trading will need to undergo onboarding directly with Enclave Markets. This onboarding process facilitates direct access through the Talos platform, eliminating the need for API keys to enable entry into Enclave’s FEX.