Chicago-based exchange EriX is reportedly about to launch its spot service, industry outlet The Block on April 24.
Per the report, the exchange has recently been in test mode with some financial firms that would potentially become users. One of those firms is reportedly United States retail brokerage TD Ameritrade, which that it invested in ErisX in October of last year. The platform reportedly aims to host spot crypto and crypto derivative later this year after obtaining regulatory approval.
According to a report released at the time, investing company DRW Holdings and high-frequency trader Virtu Financial also invested in the exchange. Moreover, both also reportedly agreed to be market makers for ErisX.
According to The Block, TD Ameritrade could soon offer crypto to 11 million retail clients. The Block claims that if TD Ameritrade links to ErisX, it would be among the first major brokers to offer , following .
In a published on April 23, ErisX declared that a limited number of participants are currently testing the platform.
As Cointelegraph earlier this week, Twitter personality Cryptopolis, a quantitative analyst at StrongMarket, tweeted that he bought one through an account on retail brokerage firm TD Ameritrade on . Although he later noted that the trade had not gone through, he still alleged that Nasdaq is quietly testing a new -based asset that is available only through their Paper platform.
At the beginning of the current month, ErisX three veterans from Barclays, Youtube and the Chicago Board Options Exchange to fill executive roles at the company.
Published at Fri, 26 Apr 2019 09:07:51 +0000
