Digital asset services firm Bequant launched a prime brokerage service for institutional clients to have easier access to liquidity, custody, lending and other products.
Bequant is able to help institutional clients trade and expand their portfolios while keeping transaction costs low.
Additional services include collateral management tools, smart order routing, leveraged trade execution and over-the-counter (OTC) block trading.
Bequant CEO George Zarya said:
“We are tailored to a lot of quant [hedge funds] and our clients typically look at trading through automated strategies, arbitrage, you name it, What they require is … one account to access liquidity pools, manage collateral and gain access to lending.”
In traditional finance, prime brokerage refers to a bundle of specialized services offered by investment banks and securities dealers to their hedge fund clients.
Bequant provides access to spot trading at exchanges and over-the-counter (OTC) desks. In the future, it can offer access to derivative liquidity pools.
Bequant is connected to 18 different sources of liquidity including seven crypto exchanges, and plans to have 30 by the end of 2020.
Alex Mascioli, head of institutional services at Bequant said:
“It’s important to know that centralized servicing is really important for the institutional players. We’re becoming a one-stop shop for these places to consolidate a fragmented market right now.”