…more to come, see the release below;
DRIVE Markets Targets Funds and Brokers with
Derivatives Exchange
The exchange announced commission free and
an integration with forex giant, MetaTrader
VANCOUVER — March 4th, 2019 — DRIVE Markets today announced the launch of its institutional crypto and fiat currency exchange, offering derivatives for , , Cash, and .
DRIVE Markets has teamed up with industry leader, MetaTrader, to bring a familiar experience to the markets for brokerage firms, banks and funds. MetaTrader is used by 50M+ traders, worldwide.
“As an institutional exchange, DRIVE Markets is designed to give our clients a seamless entry into the digital asset markets,” said Kate Hiscox, CEO of DRIVE Markets. “We provide an experience they are familiar with including the ability to place short bets.”
The Company has chosen to bypass the trend set by exchanges which sees traders signing into websites like and to place trades and monitor price action.
“In the capital and forex markets, that isn’t how works,” said Ade Onigbanjo, Head of Product at DRIVE Markets and a JP Morgan electronic veteran.
“In a typical Wall Street room, you’ll see principals with several brokers using infrastructure connected to exchanges like London and Nasdaq and this is how our exchange works. At DRIVE Markets, we replicate the technological practices of the capital and forex markets” added Onigbanjo.
With the Company’s decision to take a connectivity first approach to the markets, this has led to engagements with multiple and liquidity partners. Clients are able to fund accounts in major currencies including US Dollars (USD) and Canadian Dollars (CAD).
“DRIVE Markets is built on FIX which is the language of the global financial markets,” said Marco Sylvestre, CTO at DRIVE Markets. “There’s a sense of relief from partners that unlike other exchanges, we can offer the high frequency, low latency experience they’re used to.”
DRIVE Markets joins the roster of Institutional exchanges that are reporting record volumes with recent investments by Nasdaq and investment giant, Fidelity.
“, including stocks, bonds and commodities, is on the cusp of transformation and digitization is at the heart of the change. We’re excited to play a part in what we believe will be a seismic shift in the financial markets.” said Hiscox.
About DRIVE Markets
DRIVE Markets is guided by two principles for digital asset : provide infrastructure compatible with the global financial markets and list the products that our clients want to trade. For more information, visit and follow @DRIVEmarkets on Twitter and Telegram.
Director of Marketing
press@drivemarkets.com
Published at Tue, 05 Mar 2019 06:15:48 +0000
