Finery Markets Deepens Ties with Prime Broker Hidden Road, Launches Industry-First Firm OTC Liquidity Pool With Toxic Flow Protection

Finery Markets, a leading non-custodial crypto ECN and provider of trading infrastructure for institutional players, has officially announced its partnership with Hidden Road Partners (Hidden Road) through its flagship solution, FM Liquidity Match.

Institutional participants have begun trading via FM Liquidity Match to engage in crypto spot transactions, with Hidden Road serving as a prime broker for these trades, notes Finery Markets. 

FM Liquidity Match provides Hidden Road customers with easy electronic access to robust  institutional OTC liquidity, ensuring high-quality execution while protecting against toxic flow. Within FM Liquidity Match, Hidden Road clients can trade anonymously, while Hidden Road ensures efficient credit intermediation and post-trade settlement. 

"We are excited to announce that we have expanded our partnership with Hidden Road, a leading prime broker for digital assets. Through their role as a prime broker via FM Liquidity Match, Hidden Road now offers their customers the first OTC trading infrastructure that provides 'no last look' execution for liquidity takers, while also offering toxic flow protection for market makers," said Konstantin Shulga, co-founder and CEO of Finery Markets.

"Hidden Road is committed to offering our clients a comprehensive range of tools, both through our own products and in collaboration with trusted partners. We are pleased to announce that Finery Markets' venue has joined our list of execution venues, extending Hidden Road's credit network and OTC prime brokerage offering. This partnership exemplifies our dedication to empowering clients to select their preferred price discovery centers and liquidity solutions. We believe that Finery Markets' unique offering is a valuable addition to our network," said Michael Higgins, Global Head of Business Development at Hidden Road.