LevelField Financial Taps AlgoTrader's pOEMS to Deploy Digital Asset Trading Operations

LevelField Financial (LevelField), the U.S. financial services firm focused on uniting digital assets and traditional banking services in one trusted platform, announced yesterday that it has selected AlgoTrader, the leading digital asset trading software firm, to deploy its institutional crypto and digital asset trading operations. AlgoTrader's modular portfolio, order and execution management system (pOEMS) provides a powerful platform for accessing deep liquidity as well as sophisticated interoperability capabilities for LevelField's Over-the-counter (OTC) trading desk.

In addition, LevelField will leverage AlgoTrader platform's rich application programming interfaces (APIs) and its intuitive front-end, to serve the digital asset needs of a wide range of customers – from financial institutions to retail and high-net-worth-individuals.

The selection of AlgoTrader, along with its implementation of other leading edge technology providers, will enable LevelField to offer a full suite of modern and traditional banking and financial asset management products to borrow, trade, and earn on the money customers invest through LevelField Financial. The core of the LevelField offering will revolve around payments and financing that is well architected, well managed, and compliant, while providing the high quality interaction for customers.

"LevelField is seeking to acquire a U.S. chartered bank so we can become our customer's trusted provider for an experience that is safe, simple, and secure. The addition of Algotrader will help us build out the digital asset side of the business, and to facilitate our vision of growing into a full-service financial services firm." said Gene A. Grant, II, founder and CEO of LevelField.

Aside from its market-wide FIX access and trade automation, AlgoTrader offers seamless integration into core banking and custody systems, such as Metaco's Harmonize platform which is also part of LevelField’s bank-grade infrastructure. This enables LevelField to bridge the gap between traditional and crypto finance – thereby integrating digital asset products to offer convenience and foster mass consumer adoption.

AlgoTrader CEO Andy Flury said: "LevelField is another proof of success for our technology lead and the institutional adoption of crypto assets. It is vital to focus on customer-centricity and client experience, as we strive to become the leading trading technology provider for both buy-side and sell-side clients worldwide."