In a recent set of events, the San Juan Mercantile Exchange (SJMX), a membership-based exchange headquartered in San Juan, Puerto Rico, and its affiliate bank, the San Juan Mercantile Bank & Trust (SJMBT), as per reports, have entered three strategic partnership agreements on support for successful initial launch of SJMX’s integrated digital assets exchange and banking solution.
The CQG, an electronic trading & financial software solution provider; the Elysium Technology Group, a leading trade process innovation solution provider; and the Mercury Digital Assets, a regulatory compliant digital assets exchange, have been approached by SJMX for the launch.
Furthermore, the above-said partnerships are expected to benefit institutional investors and individual professional traders, who seek to trade in the digital asset marketspace.
- Robert Collins, CEO of parent company Mercantile Global, says, “We consider our solution unique, particularly the ability to provide agnostic custody services for fiat and digital assets alike”.
SJMX claims that its increasingly becoming difficult for institutions, who wish to go live –trading digital assets, to access the deeper liquidity pools and simultaneously manage their trading and capital in real-time. To assist SJMX customers on this, CQG will provide the necessary trading tools, enabling them a connection link to over 45 global tradable exchanges and over 75 market insight data sources, in a traditional trading environment.
Furthermore, the Elysium banking software solution equips both SJMX and SJMBT with limit management and exchange settlement capabilities in near real time. Also the Mercury Digital Assets technology enables the SJMX with a Dark Pool solution as an alternative choice for institutional traders who seek to transact in large volumes.