Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Gemini acquires Omniex
Industry news

Gemini acquires Omniex


07 February 2022 United Kingdom
Reporter: Jenna Lomax

Generic business image for news article
Image: Art_Photo
Gemini has acquired Omniex, a trading technology platform that provides order, execution, and portfolio management system solutions for institutional crypto trading.

The acquisition will enable Gemini to publicly launch Gemini Prime, a crypto prime brokerage offering.

Following the full rollout of Gemini Prime in Q2 2022, the integration of Omniex with Gemini’s existing custody, clearing, and over-the-counter (OTC) trading capabilities aims to simplify trading for institutional investors by providing a single point of access to multiple exchanges and OTC liquidity sources.

It also supplies tools and algorithms to ensure best execution and trade transparency as well as full application programming interface connectivity.

As part of this acquisition, the Omniex team will be joining Gemini to expand the prime services division.

Omniex was founded by current CEO Hu Liang and chief strategy officer John Burnett. Hu was most recently a senior vice president at State Street where he oversaw the bank’s Emerging Technologies Center and Asia Pacific electronic foreign exchange (FX) platforms and data businesses.

He joined State Street in 2007 through the acquisition of Currenex, the first internet based FX electronic communication network platform.

Burnett was most recently a managing director at State Street within the Emerging Technologies Center, leading all crypto and blockchain efforts globally for the bank, beginning his tenure there in 2015.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ State Street

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Liquidity

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →