AlgoTrader and Avaloq Partnership aims to Provide Global Crypto Management System
The partnership between two fintech companies AlgoTrader and Avaloq aims to solve the problems in the finance industry such banks and strive to create a global management system for digital assets. The trading infrastructure of AlgoTrading software will be available on Avaloq to accommodate the users to have full access of digital money.
The need for Partnership
As cryptocurrency is expanding day by day and gaining the attention of traders and investors. With the growing recognition of crypto industry, the traditional institutions such as banks and wealth managers are in a way towards adopting the digital economy. Before adopting the digital assets, they need to mold their infrastructure to facilitate cryptocurrencies and for this purpose, they require some fintech services.
AlgoTrader, the Trading Software
AlgoTrader, algorithmic trading software, is serving the finance community from 2014 and has marked its name in the top fintech companies due to its specialties in trading strategic management, providing services of quantitative research, back testing and offers an efficient automated stage for both digital and traditional assets.
Martin Greweldinger, the chief product officer of Avaloq expressed its views on partnership:
The partnership with AlgoTrader is another important element in our growing ecosystem avaloq.one. Their capabilities enable our clients to gain access to multiple exchanges and brokers for crypto trading in order to get the best execution price. Partnering with a firm like AlgoTrader through our ecosystem is a key part of Avaloq’s strategy. We strongly believe in a collaborative ecosystem which allows our clients the seamless integration of leading fintechs and regtechs into their banking landscape through our avaloq.one platform.
Avaloq is leader in Tech-based fintech Services
Avaloq is banking and digital solution provider software offering business services such as Saabs and Boas. It is estimated that 15 clients across the globe have managed 4 trillion USD using the management network of Avaloq.
Andy Flury, the CEO and founder of AlgoTrader said:
With its 158 global clients Avaloq is a key player in today’s banking sector and we are very happy to partner with Avaloq for an end-to-end digital asset trading platform. Together, we will lay the groundwork for the next level of evolution in the fintech sector leading to an all DLT/blockchain based banking landscape
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