Archangel Takes Full Flight

Four of the eight participants who currently bid on Archangel are fully integrated into the platform, says Jeromee Johnson, president of 3D Markets. The integration process for the rest will be completed by the end of July, he adds.

According to Johnson, one of the current liquidity providers is a global investment bank, four are buy-side firms and the rest are options market-making firms.

The platform currently trades orders with the average size of 14,000 contracts, which is in line with 3D

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Crypto exchange EDX takes its tech into its own hands

The crypto exchange and clearinghouse, founded in 2022 by industry heavyweights, has built out its technology to meet the needs of the institutional market. In the process, it has learned important lessons about partnering with vendors, building in-house, and, ultimately, control.

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