Finery Markets and DAMEX Collaborate to Launch Electronic OTC Trading

<p>To
enhance OTC trading capabilities, Digital Asset Management Limited (DAMEX), a payment
platform specializing in digital asset management, has integrated FM Liquidity
Match into its trading technology stack. </p><p>Damex Direct: A Solution for
Digital Asset Management</p><p>Through
the DAMEX OTC Desk, businesses now have the convenience of buying and selling
digital assets using fiat or stablecoins, coupled with access to
round-the-clock customer support. DAMEX offers competitive rates by harnessing
multiple liquidity sources. </p><p>Samuel
Rondot, the Managing Director for Business at DAMEX, shared his perspective on the
development: “DAMEX aims to bridge the gap between cryptocurrency and
traditional financial markets, empowering businesses to leverage <a href="https://www.financemagnates.com/tag/blockchain-technology/">blockchain
technology</a> in their everyday financial transactions.”</p><p>“We
strive to provide a seamless on-ramp/off-ramp experience for our clients, so we
are constantly exploring innovative solutions to improve the quality, affordability,
and efficiency of our product offerings.” </p><p>“As
a regulated entity in the industry, we have been searching for the ideal
partner to provide a comprehensive solution for businesses actively managing
their crypto assets. With FM Liquidity Match, we can now offer a convenient
option for clients who want to engage in active trading alongside our bespoke
on and off-ramp services.”</p><p>Beyond
the OTC desk, the DAMEX group offers Damex Direct, an all-in-one solution
that enables businesses to efficiently manage their digital and fiat assets
through dedicated IBANs, instant settlements, and multi-user access. Security
is a priority for DAMEX, and its custody solution incorporates advanced
technologies such as multi-party computation, bespoke cold-storage, and
optional insurance solutions.</p><p>FM
Liquidity Match: Institutional OTC
Trading</p><p>FM
Liquidity Match is a deployable trading solution featuring a proprietary
matching engine designed to enable <a href="https://www.financemagnates.com/tag/institutional">institutional</a>
market players to establish an electronic OTC trading business and manage
client relations throughout the trade cycle.</p><p>Konstantin
Shulga, the CEO and Co-Founder of <a href="https://www.financemagnates.com/tag/finery-markets/">Finery Markets</a>,
the developer of FM Liquidity Match, expressed his satisfaction with DAMEX's
decision: “We are proud that a leading payment provider has included
FM Liquidity Match in their technology stack to enhance OTC trading efficiency.”
</p><p>“This
decision reflects the increasing demand across various institutions to
streamline their crypto operations and improve overall performance. With FM
Liquidity Match, DAMEX will have access to cutting-edge technology that will
revolutionize its crypto trading processes throughout the whole cycle, from
pre-trade risk management to flexible settlements and compliant reporting.”</p>

This article was written by Tareq Sikder at www.financemagnates.com.