Reactive Markets Launches Switchboard for Cryptocurrency Trading Partnering with Five Leading Liquidity Providers


Reactive Markets, provider of Switchboard, the cutting-edge cross-asset trading and price streaming network, today announced the launch of its OTC market utility for disclosed trading, supported by five of the leading institutional Crypto Liquidity Providers (LPs).

The LPs are Cumberland DRW, Flow Traders, Galaxy Digital, Genesis Trading and Wintermute.

Switchboard is the first open and transparent liquidity network for Crypto and FX trading, where clients can trade on a fully disclosed basis with their relationship LPs at no cost, connecting via a single high performance API or front end trader desktop.

“As institutional Crypto trading volumes continue to rise, we have seen a sharp increase in clients looking to improve their execution by trading directly with their Liquidity Providers using our Switchboard network,” said Phil Morris, CEO of Reactive Markets. “By offering simple, free, access to leading OTC liquidity providers via our unified API and trader desktop, we enable clients to rapidly connect to the best liquidity in the market.”

He added, “If clients have a relationship with our LPs they can begin to trade with them on Switchboard immediately, benefitting from our cutting edge institutional trading network and a highly cost effective way to trade.”

“Flow Traders is excited about the launch of Reactive Markets Switchboard and is delighted to be engaging as an early adopter Liquidity Provider on Switchboard. This low latency platform via a single harmonised API will enable Flow Traders as a leading Liquidity Provider to provide competitive disclosed OTC FX and Crypto liquidity and execution,” said Folkert Joling, Chief Trading Officer at Flow Traders.

"Wintermute is delighted to be partnering with Reactive Markets as they launch their liquidity network with a single cross-asset API for trading," said Jonathan Chan, Director of Business Development and Strategic Partnerships at Wintermute.