<p>Floating Point Group, which operates a <a href=”https://www.financemagnates.com/institutional-forex/hidden-road-introduces-otc-prime-brokerage-for-crypto/” target=”_blank”>cryptocurrency prime brokerage</a>, announced its partnership with ML Tech, a non-custodial investment management and trading platform. With this, customers of FlowVault will receive access and monitoring of ML Tech’s Algorithmic Trading Strategies.</p><p>FlowVault is Floating Point Group’s cryptocurrency settlement and transfer platform for exchange-based trading. According to the company, its platform offers lower trading fees and broad access to exchanges. It focuses on <a href=”https://www.financemagnates.com/terms/a/automation/” target=”_blank” id=”48647bf0-73a6-4062-b1ba-1efc11370ba3_1″ class=”terms__secondary-term”>automation</a> and scale, offering traders direct access to the exchange’s API.</p><p>The integration of ML Tech is going to enhance the services of Floating Point Group. ML Tech, with its separately managed account (SMA) model, also covers pre-trade/post-trade <a href=”https://www.financemagnates.com/terms/r/risk-management/” target=”_blank” id=”aedb745c-adf9-415f-97e2-ee56a920f0f8_1″ class=”terms__main-term”>risk management</a> with round-the-clock alerting and monitoring.</p><p>“Institutional investors are looking for new sources of uncorrelated alpha in crypto markets,” Leo Mindyuk, the Co-Founder of ML Tech, said in a statement.</p><p>“Our partnership with <a href=”https://www.financemagnates.com/cryptocurrency/coins/floating-point-group-taps-usdc-on-algorand-for-faster-transactions/” target=”_blank”>Floating Point Group</a> provides investors access to a curated selection of institutional-quality quantitative trading strategies managed by ML Tech within a secure FlowVault environment. With a number of trading strategies ranging from Delta Neutral Basis and Calendar arbitrage to Market Neutral Statistical arbitrage, investors can choose strategies that fit their risk/return appetite and deploy them directly via FlowVault.”</p><p>A Regulated Crypto Prime Broker</p><p>Based in New York, Floating Point Group leverages smart order routing to provide a “single point of access to digital currency markets.” It is regulated in the United States and holds a <a href=”https://www.financemagnates.com/fintech/crypto-banking-startup-bvnk-receives-vasp-registration-in-spain/” target=”_blank”>VASP registration</a> in the Cayman Islands.</p><p>The startup raised $10 million in a Series A funding round last year in September from an array of venture capitals, including Tribe Capital, Coinbase Ventures, and several others. Before that, it scored $2 million from venture capital firms, serial angel investor Naval Ravikant, and many mainstream financial institutions.</p><p>Meanwhile, Floating Point Group is strengthening its leadership with the onboarding of industry experts. It hired former Fireblocks executive, Chris Hazelton recently as Director of Marketing, only a month after onboarding Peter Eliades, a former JPMorgan and Wells Fargo executive, as the Head of Distribution.</p>
This article was written by Arnab Shome at www.financemagnates.com.
