We're expanding our institutional OTC desk and seeking new liquidity providers for major FX pairs ($EURUSD, $GBPUSD, $USDJPY) and primary cryptocurrencies ($BTC, $ETH). Looking for competitive spreads, reliable API connectivity (FIX/REST), and robust risk management. Minimum ticket sizes typically $1M+. Please reach out if this aligns with your capabilities.
Reliable API connectivity is a must, especially with FIX for quick order execution. Are you guys running your own matching engine or integrating with existing ones?
We work with a few providers who excel in this space. I'd recommend looking at firms with a strong track record in both traditional FX and the institutional crypto world, as the risk profiles can be quite different.
For $1M+ tickets, robust risk management from the LP's side is absolutely key. Any specific metrics you prioritize when evaluating potential providers beyond just spread and connectivity?
Interesting to see a desk still expanding their LP network for these pairs. Have you guys considered exploring some of the less liquid altcoins as well, or is the focus strictly on the majors for now given the ticket sizes?
Good luck with the search. The competitive spreads part is always the tricky bit with institutional volumes, especially on the crypto side. What's your average daily volume across these pairs you're looking to onboard LPs for?