Rialto Trading and Bittrex team up
28 August 2018 New York
Image: Shutterstock
Rialto Trading, a next-generation Alternative Trading System (ATS), and Bittrex have teamed up to offer a digital securities trading platform.
The expanded platform will combine Rialto’s licensed broker-dealer ATS, tools, and securities industry experience.
This will be combined with Bittrex’s expertise in blockchain technology, cybersecurity, and cryptocurrency trading to create a comprehensive securities offering.
According to Bittrex, the ATS will support US dollar (fiat) trading for digital securities.
Additionally, Rialto will provide services to the entire digital asset securities ecosystem, including issuance advisory services, placement, trading, and custody.
Currently, Rialto operates a regulated ATS for trading fixed income products, Bittrex revealed.
Meanwhile, whilst pending approval from regulators, Rialto will expand its ATS operations to include blockchain-based (digital) securities.
Shari Noonan, Rialto Trading CEO, said: “We are excited to share Rialto's expertise in building networks and trading solutions in the regulated securities industry to develop this new venture in partnership with Bittrex.”
“By working together, we'll be able to expand our current client offerings to not only include digital securities but also provide them access to a globally advanced and reliable trading platform."
Bill Shihara, Bittrex CEO, commented: “It takes a unique combination of advanced technology and financial expertise to build and launch an efficient, reliable and secure platform for trading digital securities, and we found the ideal partner in Rialto and its CEO Shari Noonan.”
Shihara added: “We're merging Bittrex's technology, cybersecurity and blockchain expertise with Rialto's deep knowledge of the securities industry.”
“And, when you add that foundation with Rialto's extensive background in financial services, including Noonan's experience at Goldman Sachs and Deutsche Bank, this new venture is well-positioned to further advance blockchain's adoption by offering a comprehensive solution at the right time."
The expanded platform will combine Rialto’s licensed broker-dealer ATS, tools, and securities industry experience.
This will be combined with Bittrex’s expertise in blockchain technology, cybersecurity, and cryptocurrency trading to create a comprehensive securities offering.
According to Bittrex, the ATS will support US dollar (fiat) trading for digital securities.
Additionally, Rialto will provide services to the entire digital asset securities ecosystem, including issuance advisory services, placement, trading, and custody.
Currently, Rialto operates a regulated ATS for trading fixed income products, Bittrex revealed.
Meanwhile, whilst pending approval from regulators, Rialto will expand its ATS operations to include blockchain-based (digital) securities.
Shari Noonan, Rialto Trading CEO, said: “We are excited to share Rialto's expertise in building networks and trading solutions in the regulated securities industry to develop this new venture in partnership with Bittrex.”
“By working together, we'll be able to expand our current client offerings to not only include digital securities but also provide them access to a globally advanced and reliable trading platform."
Bill Shihara, Bittrex CEO, commented: “It takes a unique combination of advanced technology and financial expertise to build and launch an efficient, reliable and secure platform for trading digital securities, and we found the ideal partner in Rialto and its CEO Shari Noonan.”
Shihara added: “We're merging Bittrex's technology, cybersecurity and blockchain expertise with Rialto's deep knowledge of the securities industry.”
“And, when you add that foundation with Rialto's extensive background in financial services, including Noonan's experience at Goldman Sachs and Deutsche Bank, this new venture is well-positioned to further advance blockchain's adoption by offering a comprehensive solution at the right time."
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