6+ years in OTC derivatives sales and trading roles across Rates and Commodities at KeyBank
A pair of wildly speculative options trades on cryptocurrency trading network Paradigm has analysts’ tongues wagging.
Cryptocurrency options traders are moving into the proverbial shadows thanks to startup trade messaging platform Paradigm.
The upgrade will reduce time spent to make a multi-dealer trade from minutes to seconds and make liquidity for large and multi-leg orders instant and 'on-demand'. It's already increased flow from our existing guys. And several clients who previously weren't trading on Paradigm because of the lack of anonymity have started to trade enthusiastically. The numbers speak for themselves.
Two counterparties, who have opposing interests can find each other and trade. All price agreement is via a bilateral request for quote process embedded within the Paradigm platform.