Group Co.
San Juan Mercantile Exchange Moves to Provide Dark Pool Trading in Digital Assets
Traders Magazine Online News, March 27, 2019
The San Juan Mercantile Exchange, Inc. (SJMX) and its affiliate, the San Juan Mercantile Bank & Trust International Corp. (SJMBT), announced three key strategic partnerships that pave the way for the initial launch of SJMX’s integrated digital assets exchange and banking solution. These partnerships are with leaders in the financial technology industry, and include:
- CQG, one of the world’s pre-eminent electronic trading interface providers
- Elysium Technology Group, an innovator in middle- and back-office software design
- Mercury Digital Assets, a sophisticated market participant and dark pool provider
Together, these partnerships create a seamless and sophisticated technology backbone to support institutional investors and professional traders seeking to safely and efficiently transact in the digital asset space.
Institutions wishing to trade digital assets today face difficulty accessing deep pools of liquidity and managing their trading and capital in real-time. SJMX’s partnership with CQG will enable SJMX customers to connect to more than 45 tradable, global exchanges and more than 75 market data sources, and will provide access to CQG’s full suite of trading tools in a familiar, traditional trading environment. Elysium’s banking software solution allows SJMX and SJMBT to provide real-time limit management and real-time settlement of exchange trading activity. Mercury Digital Assets’ technology enables the SJMX Dark Pool solution as an alternative for institutional traders who seek to execute large transactions in a secure, trader-friendly environment.
J. Robert “Bo” Collins, Jr., CEO of parent company Mercantile Global Holdings, said: “We are proud to announce our partnership with these innovators in the financial technology space. Institutional investors and professional traders can soon become customers of SJMBT and participate in an integrated ecosystem. We consider our solution unique, particularly the ability to provide agnostic custody services for fiat and digital assets alike. Prospective customers have been incredibly enthusiastic. We look forward to announcing our first trades very soon.”
About SJMX and SJBMT
San Juan Mercantile Exchange, Inc. (SJMX) and its banking affiliate, the San Juan Mercantile Bank & Trust International Corp. (SJMBT), are developing a professional-grade trading environment and integrated banking platform for trading digital assets. SJMX and SJMBT, subsidiaries of Mercantile Global Holdings, Inc. (MGH), will provide an end-to-end solution, from matching trades to clearing and custody of both digital assets and fiat currencies. By bringing together an experienced team of top-tier exchange professionals, bankers, technologists, and legal and compliance personnel, SJMX and SJMBT are bringing to the digital asset space what professional traders have come to expect from regulated exchanges and banks. For more information, visit: https://sjmx.global/.
About CQG
CQG provides the industry’s highest performing solutions for trading, global market data, advanced technical analysis, and risk and account management. For more information, visit: www.cqg.com.
About Elysium Technology
Elysium Technology Group is an innovator of post-trade cloud software solutions for the currency markets. For more information about Elysium, visit: www.elysiumtechgroup.com.
About Mercury Digital Assets
Developed by the same team that created the current state-of-the-art for application-driven, liquidity networks used within the listed Equity Options market, Mercury Digital Assets offers secure, reliable and efficient access to digital asset markets. For more information about Mercury Digital Assets, visit: www.mercurydigitalassets.com.
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