Products FM Marketplace
Multi-dealer marketplace
FM Liquidity Match
Saas for electronic trading
FM White Label
B2B White Label Crypto Trading Platform
FM Pulse
Real-time market data analytics
FM Space
Counterparty selection
FM x BitGo
Cleared crypto trading network
Solutions Banks & brokers
Neobanks, crypto-native and FX brokers
Payment providers
PSPs, payment gateways, on/off ramp
OTC desks
Crypto trading desks, retail platforms
Buy-side
Passive funds, hedge funds, asset managers
Liquidity providers
Market makers, proprietary shops
Prime brokers
Agency and risk-principle brokers
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FM Marketplace

Crypto liquidity providers
marketplace for institutions

Reliable and high-performance multi-dealer ECN for crypto firms and institutions

Get started

Trading

Financing

Settlement

Banking

Risk management

Position Monitoring

Reporting

Trading

Financing

Settlement

Banking

Risk management

Position Monitoring

Reporting

Trading

Financing

Settlement

Banking

Risk management

Position Monitoring

Reporting

Aggregated order book with firm quotes for liquidity takers and toxic flow protection for market makers

Tight bid-ask spreads and low execution cost

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Single entry point to counterparties via API or GUI

No 100% upfront funding required, enjoy fast and automated payments anytime, day or night

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Surpass the limitations of exchanges and DeFi platforms

We offer a single-entry point for trading digital assets with multiple global counterparties.

We cover the whole trade cycle from digital onboarding, real-time price visibility, leverage, best execution, to automated settlement and a borderless on/off-ramping experience worldwide.

Pre-Trade

Matching regulatory, trading & settlement requirements via FM Space
Credit lines, leverage & financing
Tailored limit & risk management
Non-custodial solution

Trade

Spot & non-deliverables
Customizable aggregated order book
Firm streaming quotes: 0% rejection rate
Best order handling practices: cancel-on-disconnect, no last look, toxic flow protection

Post-Trade

Net open position management
Full order & transaction history
Compatibility with third-party custodians
P2P settlement on multiple blockchains

Get more information on scaling your
business with Finery Markets

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Institutional Grade Technology

Enjoy an intuitive web interface or automate your business operations with our robust API.

Our system, with 99.99% uptime, meets the needs of companies servicing the digital assets industry, from payment providers to brokers, crypto market makers, and algorithmic traders

WEB GUI
Test environment
React
C++
Amazon WS
RESTful API
WebSockets
FIX API

Multi-asset trading platform:

Trade a wide range of crypto assets:

Bitcoin
Ethereum
Bitcoin Cash
Litecoin
Stellar
Tezos
Binance Coin
Cardano
Chainlink
Dogecoin
EOS
Polkadot
TRON
+150 more

Stable coins:

USDC
USDT
DAI
BRZ

Fiat currencies:

Request details

Schedule a product assessment with our team to find out how Finery Markets can help you grow

Subject

I understand that all information provided is intended for institutional persons only and is not suitable for retail persons in the United Kingdom

By completing the form on our website, you are giving us permission to contact you with updates, notifications, promotional offers, and important information about our products or services. The obtained data is processed in accordance with our Privacy Policy

Finery Markets is emerging as a potential game-changer, poised to redefine the way businesses and institutions access crypto in the post-FTX era. Their multilateral trading venue provides unparalleled, non-custodial access to the digital assets market

Damian Bunce,
Chief Trading officer at

Stable, flexible and capable: high uptime and low-latency execution venue

Dave Vizsolyi, Head of Trading at

By minimizing counterparty risk and improving capital efficiency, we are proud to offer institutional clients the best execution in crypto assets. The partnership with Finery Markets is a testament to our commitment to delivering innovative solutions that meet the evolving needs of our clients.

George Zarya
Founder & CEO of

Our company has received a robust order ECN with rich features, and clients enjoy a significant increase in liquidity with instant execution, with no requotes or slippages. Limit-based trading with multiple liquidity providers has been a game-changer for us.

Ivan Pyatkov
Head of Trading Solutions

Finery Markets’ ECN is a great addition to our liquidity network for institutional clients. Together, we’re creating an ecosystem where clients retain full control over the complete trade process, ensuring reduced market impact and instant response, 24/7.

Jonathan Issan
Head of Quant & Electronic Trading, Enigma Securities

How it works

Enhancing execution quality with firm aggregated prices

According to 2022 PWC report, over 60% of business clients are not happy with their trading setup due to poor liquidity and execution quality.

Client

2.8% rejection rate 2.8% rejection rate

Liquidity
provider

Last look, 10.1% rejection rate Last look, 10.1% rejection rate

Liquidity
provider

5.6% rejection rate 5.6% rejection rate

Liquidity
provider

AGGREGATOR

Indicative price

high slippage

No last look, 0% rejection rate

Firm price

minimal slippage

Multiple connections to liquidity providers - resource consuming

Maintaining multiple integrations can be an expensive drain on your infrastructure and back office costs.

Furthermore, liquidity providers have the power of “last look”, to reject orders without warning leaving you in the lurch and leading to higher execution costs. Clearly, this is a suboptimal choice for any business.

Order routing solutions only partially address the issue

Connectivity and routing services can simplify access to multiple liquidity providers, but they come with their own set of drawbacks.

Order routing solutions rely on indicative prices and don’t manage a matching engine, which can lead to unpredictable execution and increased slippage.

A single connection to multiple liquidity sources that stream firm orders

Market makers streaming firm orders to Finery Markets multi-dealer marketplace is the key to superior execution quality.

Finery Markets provides liquidity takers with an aggregated order book, which guarantees transparent and predictable execution with minimal slippage across all liquidity providers.

Pre-trade leverage with advanced risk management and automated 24/7 post-trade settlements makes it the best choice for crypto businesses and institutions.

How it works

Enhancing execution quality with firm aggregated prices

According to 2022 PWC report, over 60% of business clients are not happy with their trading setup due to poor liquidity and execution quality.

Multiple connections to liquidity providers - resource consuming

Maintaining multiple integrations can be an expensive drain on your infrastructure and back office costs.

Client

2.8% rejection rate

Liquidity
provider

10.1% rejection rate

Liquidity
provider

5.6% rejection rate

Liquidity
provider

Order routing solutions only partially address the issue

Connectivity and routing services can simplify access to multiple liquidity providers, but they come with their own set of drawbacks.

Order routing solutions rely on indicative prices and don’t manage a matching engine, which can lead to unpredictable execution and increased slippage.

Client

2.8% rejection rate

Liquidity
provider

10.1% rejection rate

Liquidity
provider

5.6% rejection rate

Liquidity
provider

AGGREGATOR

Indicative price

high slippage

A single connection to multiple liquidity sources that stream firm orders

Market makers streaming firm orders to Finery Markets multi-dealer marketplace is the key to superior execution quality.

Finery Markets provides liquidity takers with an aggregated order book, which guarantees transparent and predictable execution with minimal slippage across all liquidity providers.

Pre-trade leverage with advanced risk management and automated 24/7 post-trade settlements makes it the best choice for crypto businesses and institutions.

Client

Liquidity
provider

No last look, 0% rejection rate

Firm price

minimal slippage

Features

Bring value to your clients, while we take care of your trading needs

pre-trade

trade

post-trade

Role-based access control

Protect the integrity and availability of information in your system

Improved Security: view-only mode, trading, risk-management, settlement, API and user management roles with customized notifications
Enhanced Accountability: user activities can be tracked and audited based on their roles from trading to settlement to API
Administrators can easily manage users and their roles, speeding up processes like onboarding, offboarding, and role transitions

Risk management

Multi-Layered Risk Control System:

Counterparty Limit: co-determine the maximum value for trading with each client and counterparty, laying the foundation for trust and smooth transactions.
Limit per asset: manage your exposure and open positions per each asset.
Customized requirements for risk-margin with notifications that are triggered when action is required

Notifications

Stay ahead with real-time alerts

Role-Based Notifications: Ensure the right team members receive tailored updates through our intuitive GUI or email delivery system
Comprehensive Transaction Insights: Gain detailed information on transaction activities, including setup, modification of limits, threshold alerts, settlement updates, and notifications on executed trades
Enhanced Back Office Features: Receive alerts when bank details for fiat and new counterparties' addresses for crypto are added and verified

Aggregated order book

The first crypto ECN with firm order-driven matching engine

Firm executable orders with 100% fill rate (no “last look” execution)
Limit order book with aggregation across LPs and price-time priority
Limit and market orders (IOC and FOK)
Add/remove depth of the book with just one click by enabling/disabling LPs

RFQ

Access deep quote-driven liquidity from top-tier LPs via GUI or API

Single access point to a pool of liquidity from top liquidity providers.
Aggregating and routing orders to liquidity providers via GUI or a unified API: REST, WebSocket.
Pricing quotes for specific asset pairs, including fiat and altcoins.
See also: RFQ

Voice Trading

Without the proper infrastructure, manual iterations can lead to complete disarray

Register trades conducted through non-electronic means
Integrate all trades into our platform to ensure a comprehensive trading and settlement history
Enjoy comprehensive reporting, which includes both electronic and non-electronic trading PDF/CSV reports

Position management

Experience seamless position management

Track and manage your and your sub-accounts open positions for each asset
Real-time reassessment on a mark-to-market basis in a native asset and USD equivalent
Want to settle? Simply request assets or generate automated settlement instructions.
Don’t want to settle? Simply roll-over a position, with the option to pay an overnight rate.
FM keeps position history with no limitation on timing, be it last week or 10 years ago

Overnight financing

Give your customers exposure to synthetic NDFs/CFDs with overnight rollover functionality

Trade deliverable spot or simply roll over your position and opt to pay an overnight rate
Define positive or negative overnight rate for your sub-accounts on per-client, per asset level

Flexible settlement

Streamline your back office with our settlement feature

Register incoming transactions and create requests with a click of a button
Automate the settlement process via our API compatible with your custody providers, both crypto and fiat*
Enjoy the functionality of our address book to transact with whitelisted and verified wallets or bank accounts.

Reporting

Streamline auditing and accounting processes

Gain access to comprehensive reports on all your and your sub-accounts trades and settlements with a simple click
Receive daily, monthly or on-demand PDF or CSV reports in your mailbox via API or GUI
Use our reports as proof of compliance with the EU's Travel Rule or other regulatory acts, showing your settlement activities with specific counterparties

Settlement address book

Safe and secure exchange of settlement information across more than 20 networks

Add, store, and share bank details and crypto wallets with counterparties within our platform
Whitelisting process ensures that only verified and confirmed parties can access the settlement information
Say goodbye to the hassle of chats, emails, and manual processes to initiate settlements

Process overview

Seamless workflow integrations

Discover how Finery Markets can integrate into your workflows to improve trading processes

FM Marketplace
FM white label

Trade Trade

Each client has a unique tradable order book based on PB/LP relationships, credit lines, risk parameters, and spread management.

Speed bump on the taker side

100% fill ratio

Takers

Banks & brokers, OTC desks, Payment providers

Client 1
Client 2
Client 3

tradable order book

Connects via API / GUI
100% fill ratio

Non-custodial model with no counterparty risk on Finery Markets

User-friendly GUI and APIs: FIX 4.4, Websocket, REST

Finery markets

High-performance C++ matching engine

Global order
book

Firm orders

Trade Settlement

MASTER (White label)

Client GUI and API endpoints

Each sub account has a unique tradable order book based on master liquidity pool, credit lines, risk parameters, and spread management.

Can be used for purposes such as:
- facilitating transactions between groups within a company,
- dividing up business lines
- creating access points for customers.

sub account
taker

Customer 1
Customer 2

Acts as riskless principal

MASTER

Sub account Makers don't match with each other

Tailored markups

sub account
Maker

MM 1
MM 2

Makers don't match with each other

Tailored markups for bilateral trading

liquidity providers

LP 1
LP 2
LP 3

Settlement

ClientCustomer — liquidity taker

MM — market makers

LP — liquidity provider

Scale your business, leave the hard work of your trading needs to us

Reduce your integration costs and operational risk across multiple access points with our platform

Get started

Trusted by global partners

Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) serves as a leading provider of Electronic Communication Network (ECN) solutions and Software as a Service (“SaaS”). Finery Markets serves as a software provider and does not engage in any activities requiring regulatory oversight.

Finery Markets does not offer its software or services to users in certain jurisdictions where such activities are restricted or prohibited by law. Users are solely responsible for ensuring that their use of Finery Markets' software is compliant with all applicable laws and regulations.
This website, its contents, and any associated communications are not intended as a financial promotion, and shall not be constructed as financial advice. The services provided by Finery Markets are solely for professional use by those who have accepted the Terms and Conditions and have subsequently become clients of Finery Markets. Users in jurisdictions where access to such services is restricted or prohibited should not rely on this website or its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to to use this website for the services of Finery Markets if they don't fall within these categories.

Crypto liquidity providers marketplace for institutions

Aggregated order book with firm quotes for liquidity takers and toxic flow protection for market makers

Pre-Trade

Trade

Post-Trade

Institutional Grade Technology

Multi-asset trading platform:

Finery Markets is emerging as a potential game-changer, poised to redefine the way businesses and institutions access crypto in the post-FTX era. Their multilateral trading venue provides unparalleled, non-custodial access to the digital assets market

Stable, flexible and capable: high uptime and low-latency execution venue

By minimizing counterparty risk and improving capital efficiency, we are proud to offer institutional clients the best execution in crypto assets. The partnership with Finery Markets is a testament to our commitment to delivering innovative solutions that meet the evolving needs of our clients.

Our company has received a robust order ECN with rich features, and clients enjoy a significant increase in liquidity with instant execution, with no requotes or slippages. Limit-based trading with multiple liquidity providers has been a game-changer for us.

Finery Markets’ ECN is a great addition to our liquidity network for institutional clients. Together, we’re creating an ecosystem where clients retain full control over the complete trade process, ensuring reduced market impact and instant response, 24/7.

How it works

Multiple connections to liquidity providers - resource consuming

Order routing solutions only partially address the issue

A single connection to multiple liquidity sources that stream firm orders

How it works

Multiple connections to liquidity providers - resource consuming

Order routing solutions only partially address the issue

A single connection to multiple liquidity sources that stream firm orders

Features

Role-based access control

Risk management

Notifications

Aggregated order book

RFQ

Voice Trading

Position management

Overnight financing

Flexible settlement

Reporting

Settlement address book

Takers

Finery markets

Global orderbook

MASTER (White label)

sub accounttaker

MASTER

sub accountMaker

liquidity providers

Scale your business, leave the hard work of your trading needs to us

Trusted by global partners

Crypto liquidity providers
marketplace for institutions

Global order
book

sub account
taker

sub account
Maker