Join Our Mailing List
Sunday January 29, 2023
Bitcoin (BTC) $23,416.27   Ethereum (ETH) $1,608.70
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges Trading

Tassat and Blockfills create ‘Trade at Settlement’ bitcoin spot product

Published by CryptoNinjas.net
11/13/2019
Tassat and Blockfills create ‘Trade at Settlement’ bitcoin spot product

Tassat, a provider of financial technologies and products for traditional and digital asset markets and Blockfills, a provider of digital asset market making, trading and prime brokerage, today announced they are partnering to introduce an institutional Trade at Settlement (TAS) product for spot bitcoin (XBT/USD).

Expected to be available for trading in mid-December, the product enables institutions to submit block orders in bitcoin at defined price spreads from the mid-market, at 3 specific times during each day: 15:00 Hong Kong Time, 15:00 Central European Time (Paris) and 15:30 Central Standard Time (Chicago).

TAS, widely used in derivatives markets for other asset classes, is a specific type of electronic order book that allows buyers and sellers to trade at, or near to, a settlement price which is established during a discrete fixing period. This model helps eliminate slippage in execution and uncertainty by giving participants a definite price to trade around. This is in contrast to execution on retail spot exchanges, which can be laden with volatility, sudden price movements, and significantly wider spreads.

“TAS provides a way to offset the risk of price movements on their futures positions and/or rebalance the gamma on option positions with no risk of excessive slippage. With the growth of digital asset derivatives, participants of all kinds will need new and efficient ways to hedge their positions.”
– Josh Gibson, Director of Sales, Tassat

Process

The settlement price at each window will be derived from Tassat’s bitcoin reference rates, based on executable, aggregated institutional-size quotes from over ten leading global OTC digital asset market makers. The Blockfills trading platform will handle the order flow, matching, execution, and settlement of these trades, utilizing its institutional-grade electronic trading infrastructure.

Orders may be submitted on the Blockfills trading platform for a given TAS settlement time after the conclusion of the prior session. Orders will be matched based on time priority at each spread level. Participants will be notified of their execution level shortly after the TAS price-fixing time and transactions between counterparties will be settled no later than 60 minutes from notice of the execution price.

“Our goal at Blockfills is to establish a global digital asset trading and prime brokerage solution to help fuel innovation and institutional adoption of digital assets. This new TAS product will complement our existing offering of digital asset products and we look forward to leveraging on our already well- established partnership with Tassat.”
– Neil Van Huis, Director of Sales and OTC Trading at Blockfills

53
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

BlockFills launches end-to-end enterprise crypto trading technology stack

11/10/2022
BlockFills launches end-to-end enterprise crypto trading technology stack

BlockFills, a company specializing in building trading and management solutions for cryptocurrency market participants, today announced the launch of Vision Crypto Cloud, a secure, full-service, end-to-end digital asset trading, order management, and risk management...

Read more

Phoenix: BlockFills unveils new professional-grade crypto trading platform

10/04/2021
Phoenix: BlockFills unveils new professional-grade crypto trading platform

BlockFills, a cryptocurrency trading technology company, announced today the release of Phoenix, its new Software-as-a-Service (SaaS) crypto interface designed for institutional clients to access the company’s proprietary cryptocurrency trading technology and liquidity. With the...

Read more

Crypto trading platform AlgoTrader deepens liquidity with Blockfills

09/08/2020
Crypto trading platform AlgoTrader deepens liquidity with Blockfills

AlgoTrader, an institutional quantitative trading and execution platform, today announced it has partnered with Blockfills to provide financial institutions with a secure gateway to the deepest crypto and digital asset liquidity globally. Blockfills is...

Read more

DACX, US Gold and Blockfills launch crypto-gold and fiat stablecoin-gold markets

02/04/2020
DACX, US Gold and Blockfills launch crypto-gold and fiat stablecoin-gold markets

Digital Asset & Commodity Exchange and US Gold Currency together with Blockfills have partnered to launch the world’s first crypto-gold & fiat stablecoin-gold pairs market. US Gold Currency, Inc. (USGold) is the issuer of...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy