FXCM's Sister Tradu Taps Crossover’s Crypto ECN Ahead of Launch

<p>Days ahead of its initial launch, the multi-asset brokerage platform Tradu has selected Crossover Markets Group as its primary digital asset execution partner. According to the official announcement today (Thursday), the crypto on Tradu flow will be routed to Crossover’s CROSSx electronic communication network (ECN).
</p><p>A New Broker Streamlining Services
</p><p>Tradu is a part of Jefferies-owned Stratos Group International, which also operates the well-known forex and contracts for differences (CFDs) broker brand FXCM. The <a href="https://www.financemagnates.com/forex/exclusive-inside-fxcms-new-trading-platform/">new brokerage brand was unveiled</a> last month at the Finance Magnates London Summit (FMLS:23) and will be launched in the United Kingdom later this month. It additionally has plans for global expansion in the first quarter of next year.
</p><p>“Assembling the right technology platform for our customers was a key objective, and CROSSx is the only crypto execution venue today that delivers the speed and throughput required to help us bring down trading costs,” said Brendan Callan, the CEO of Tradu. “We believe that our distribution, coupled with CROSSx’s technical prowess, creates one of the most compelling digital asset trading offerings on the market.”
</p><p>Offering a Wide Range of Products
</p><p>Callan, who is also heading FXCM as the CEO, is one of many executives <a href="https://www.financemagnates.com/tag/fxcm/">FXCM </a>executives in the <a href="https://www.financemagnates.com/forex/fxcms-new-sister-trading-platform-welcomes-vice-president-and-cfo/">management position of the newly launched Tradu</a>, which will offer a range of asset classes, including listed equities, commodities, cryptocurrencies, CFDs, forex, treasuries, and indices.
</p><p>“On the front end, Tradu provides retail clients the ability to trade multiple asset classes in a seamless fashion, while on the back end, Tradu sources market data, liquidity management, and trade execution from the best providers in their respective markets,” said Brandon Mulvihill, the Co-Founder and CEO of Crossover.
</p><p>Crossover Markets, established by two former Jefferies executives, Mulvihill and Anthony Mazzarese, <a href="https://www.financemagnates.com/cryptocurrency/exness-backed-crossover-markets-launches-crypto-ecn/">launched crypto ECN CROSSx</a> earlier this year. The matching engine of CROSSx promises a sub-20 microsecond latency. Several top retail brokerage brands, including Exness, Pepperstone, Think Markets, TMGM, and Flow Traders, back Crossover.
</p><p>“CROSSx brings unrivaled speed and performance to the table, matching 99% of orders in under 10 microseconds while processing over 1 billion quotes per day,” Mulvihill added.
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This article was written by Arnab Shome at www.financemagnates.com.