{"id":60686,"date":"2022-04-27T14:08:59","date_gmt":"2022-04-27T11:08:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60686"},"modified":"2025-09-05T04:46:15","modified_gmt":"2025-09-05T01:46:15","slug":"ex-jefferies-executives-to-launch-a-bitcoin-exchange-for-institutional-traders","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ex-jefferies-executives-to-launch-a-bitcoin-exchange-for-institutional-traders\/","title":{"rendered":"Ex-Jefferies executives to launch a Bitcoin exchange for institutional traders"},"content":{"rendered":"<p>Former Jefferies investment-bank employees Brandon Malvihill and Anthony Mazzarese will launch an institutionally focused cryptocurrency trading platform, Crossover Markets Group. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-26\/ex-jefferies-prime-broker-executives-to-launch-crypto-exchange\">Bloomberg<\/a> reports.<\/p>\n<p>The exchange is aimed at improving execution speed by reducing the latency of trade finalisation.<\/p>\n<p>At Jefferies, Malvihill served as managing director and CEO of the broker-dealer FX Prime, and Mazzarese was head of the FXPB distribution desk.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;There is a belief that latency does not matter when it comes to cryptocurrency trading. We disagree. One of the biggest and most common demands has been reliable 24\/7 technology with the same level of service and customisation features to which they are used on other markets. As the cryptocurrency market matures, exchange technology should also evolve,&#8221;<\/em> the statement said.<\/p>\n<\/blockquote>\n<p>The platform&#8217;s seed round is expected in late summer\u2013early autumn 2022, according to <a href=\"https:\/\/www.theblockcrypto.com\/linked\/143645\/ex-jefferies-execs-launch-crypto-exchange-for-institutional-traders\">The Block<\/a>.<\/p>\n<p>Earlier in March 2022, the U.S. investment bank Cowen <a href=\"https:\/\/forklog.io\/cowen-zapustil-podrazdelenie-tsifrovyh-aktivov\/\">\u0437\u0430\u043f\u0443\u0441\u0442\u0438\u043b<\/a> an institutional-investors\u2013focused division for trading and custody of digital assets, Cowen Digital.<\/p>\n<p>In July 2021, the investment firm JC Flowers <a href=\"https:\/\/forklog.io\/jc-flowers-kupila-30-aktsij-operatora-institutsionalnoj-bitkoin-birzhi-lmax-digital\/\">acquired<\/a> 30% of the shares of the operator of the institutional bitcoin exchange LMAX Digital.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Jefferies investment-bank employees Brandon Malvihill and Anthony Mazzarese will launch an institutionally focused cryptocurrency trading platform, Crossover Markets Group. Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":60687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1156],"class_list":["post-60686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60686"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60686\/revisions"}],"predecessor-version":[{"id":60688,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60686\/revisions\/60688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60687"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}