Linedata, a global provider of asset management and credit technology, data, and services, has announced it is providing global buy side asset managers with institutional grade access to crypto and digital asset order execution.
This is made possible through a new collaboration with Liquid Mercury, a digital asset and cryptocurrency trading technology provider, via Liquid Mercury’s order execution management system.
A recent report commissioned by Linedata highlighted a clear shift in traditional asset managers seeking more exposure to digital assets, following the lead of private equity, VC and alternative managers. Eighty three per cent agreed or strongly agreed that offering crypto assets is a competitive advantage and 68 per cent agreed or strongly agreed on the need to embrace crypto to keep up.
However, the main challenge is a lack of experience in crypto operations among traditional managers, which the Linedata – Liquid Mercury collaboration will directly address. According to a report by PwC and the Alternative Investment Management Association (AIMA) 64 per cent of respondents said that they lack knowledge of digital assets.
The collaboration will equip Linedata’s clients with market intelligence and trusted access to crypto liquidity via Linedata’s Longview OMS software, opening up a wide range of new investment and trading opportunities for the first time.
This includes unbiased access to dozens of high-quality liquidity pools in crypto markets and up to 20,000 asset pairs, a wide range of assets that trade globally including spot, futures, and options, institutional style workflows and automation, and integration with the custody partners of Linedata’s customers.
“Both Liquid Mercury’s and Linedata’s teams have deep experience within traditional capital markets, which was a driver to work together and help provide institutional access in the crypto market,” said Tony Saliba, CEO of Liquid Mercury. “This partnership will supply Linedata clients with access to a whole new asset class, with the institutional trading capabilities that they demand.”
“We are thrilled about our collaboration with Liquid Mercury,” noted Timothée Raymond, global head of technology and innovation, Linedata. “Liquid Mercury has a proven track record of building solutions specifically for institutional asset managers. Our customers will benefit extensively from the partnership which leverages tailored order management and trading workflow capabilities in the crypto asset space. This is part of our ongoing commitment to expand the functional coverage of our solutions through strategic partnerships, to ensure that we continue to bring new value to our customers.”