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FM Marketplace

Crypto liquidity providers
marketplace for institutions

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

Learn more

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
Pre-Trade Pre-Trade

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
Trade Trade

Post-Trade

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

Get more information on scaling your
business with Finery Markets

Get started

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

Multi-asset trading platform:

Trade a wide range of crypto assets:

  • BitcoinBitcoin
  • EthereumEthereum
  • Bitcoin CashBitcoin Cash
  • LitecoinLitecoin
  • StellarStellar
  • TezosTezos
  • Binance CoinBinance Coin
  • ADACardano
  • LINKChainlink
  • DogecoinDogecoin
  • EOSEOS
  • DOTPolkadot
  • TRONTRON
  • +150 more

Stable coins:

  • USDCUSDC
  • USDTUSDT
  • DAIDAI
  • BRZBRZ

Fiat currencies:

  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • TRY
  • JPY

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

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Damian Bunce,
Chief Trading officer at

ava

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

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Dave Vizsolyi, Head of Trading at

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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.

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George Zarya
Founder & CEO of

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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.

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Ivan Pyatkov
Head of Trading Solutions

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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.

ava

Jonathan Issan
Head of Quant & Electronic Trading, Enigma Securities

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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 Client
provider execution 2.8% rejection rate 2.8% rejection rate
Liquidity
provider
provider execution Last look, 10.1% rejection rate Last look, 10.1% rejection rate
Liquidity
provider
provider execution 5.6% rejection rate 5.6% rejection rate
Liquidity
provider
union
Indicative price
AGGREGATOR

Indicative price icon

high slippage
union
No last look, 0% rejection rate execution Firm price

Firm price icon

minimal slippage
union
union

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.

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.

client Client
provider execution 2.8% rejection rate
Liquidity
provider
provider execution 10.1% rejection rate
Liquidity
provider
provider execution 5.6% rejection rate
Liquidity
provider
union

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 Client
provider execution 2.8% rejection rate
Liquidity
provider
provider execution 10.1% rejection rate
Liquidity
provider
provider execution 5.6% rejection rate
Liquidity
provider
Indicative price
AGGREGATOR

Indicative price icon

high slippage
union

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 Client
provider
Liquidity
provider
provider
Liquidity
provider
provider
Liquidity
provider
No last look, 0% rejection rate execution Firm price

Firm price icon

minimal slippage
union
union

Features

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

Aggregated order book

The first crypto ECN with firm order-driven matching engine

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

Voice Trading

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

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

Overnight financing

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

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

Position management

Experience seamless position management

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

Reporting

Streamline auditing and accounting processes

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

Risk management

  • pic Multi-Layered Risk Control System:
    • Global limit
    • Counterparty Limit
    • Limit per asset
    • Customized requirements for risk-margin
  • pic Gain access to comprehensive reports on all your and your sub-accounts trades and settlements with a simple click
  • pic Receive daily, monthly or on-demand PDF or CSV reports in your mailbox via API or GUI
  • pic Use our reports as proof of compliance with the EU's Travel Rule or other regulatory acts, showing your settlement activities with specific counterparties
pic

Flexible settlement

Streamline your back office with our settlement feature

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

Role-based access control

Protect the integrity and availability of information in your system

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

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

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