Avelacom, a provider of connectivity and IT infrastructure for the financial services industry, has formed a partnership with Seed CX, the institutional platform for trading digital assets. With this collaboration, institutional clients of Avelacom will now be able to leverage Seed CX’s real-time market data and order-routing solutions. Seed CX currently offers a licensed exchange for institutional trading and settlement of spot digital asset products, and further planning to offer its products for Commodity Futures Trading Commission-regulated digital asset derivatives.
Avelacom Managing Director Aleksey Larichev said that crypto markets have experienced “low uptime, slow matching engines, insufficient support, and platforms that are not friendly for latency and jitter sensitive applications.” The latest partnership between Avelacom and Seed CX will reportedly improve access to germane data for crypto traders. Founded in 2015, Seed CX has recently teamed up with a Singapore-based fintech company Hydra X that will offer its trading service in Asia region. With this collaboration, Seed CX joined the list of supported digital asset trading venues available on the Sigma trading platform offered by Hydra X, which is currently in public beta. The collaboration will further enable institutional Sigma users to access Seed CX’s fiat-crypto gateway.
The Chicago-based cryptocurrency exchange also unveiled a digital asset wallet solution with the on-chain settlement, which was reportedly developed together with its settlement subsidiary, Zero Hash. In this regard, Seed CX stated that dispersing digital asset holdings across multiple unique wallets helps to mitigate the risk of hackers accessing pooled assets via a single vector of attack. Founded in 2001, Avelacom’s IT infrastructure offers clients with the fastest, safest, and highest quality access to Seed CX’s digital asset liquidity points across the globe.