Zurich-based algorithmic trading software provider AlgoTrader has partnered with Avaloq in a bid to create a global digital asset management ecosystem for enabling banks and financial intermediaries to adapt to the evolving tokenized securities and digital asset industry.

Martin Greweldinger, Chief Product Officer at Avaloq, said, “The partnership with AlgoTrader is another important element in our growing ecosystem avaloq.one. Their capabilities enable our clients to gain access to multiple exchanges and brokers for crypto trading in order to get the best execution price. Partnering with a firm like AlgoTrader through our ecosystem is a key part of Avaloq’s strategy. We strongly believe in a collaborative ecosystem which allows our clients the seamless integration of leading fintechs and regtechs into their banking landscape through our avaloq.one platform.”

According to the supplier, AlgoTrader’s trading and execution infrastructure will be made available on avaloq.one’s marketplace. The partnership is also expected to enable Avaloq’s clients to manage their automated crypto trading as well as get access to crypto exchanges.

“With its 158 global clients Avaloq is a key player in today’s banking sector and we are very happy to partner with Avaloq for an end-to-end digital asset trading platform. Together, we will lay the groundwork for the next level of evolution in the fintech sector leading to an all DLT/blockchain-based banking landscape,” commented Andy Flury, CEO & Founder of AlgoTrader AG.

Established in 2014, AlgoTrader is an institutional-grade algorithmic trading software and provides a trading and execution infrastructure for smart-order-routing, execution algos, conducting quantitative research, and automated trading for both traditional securities and digital assets.

Recently, Avaloq, along with Intesa Sanpaolo Private Bank, announced that it has completed the onboarding of Banque Morval onto its Business Process as a Service solution (BPaaS) in nine months.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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