After xRapid move, Bittrex partners with Rialto Trading to create a digital trading platform

On 23rd August, Bittrex, one of the leading cryptocurrency exchange platform, announced on its social media handle that they are collaborating with Rialto Trading.

Bittrex announced on Twitter:

“Rialto Trading is teaming up with #Bittrex to expand Rialto’s Alternative Trading System (ATS) to include blockchain-based (digital) securities, pending approval from regulators.”

Rialto Trading is a next-generation Alternative Trading System [ATS]. The platform provides 3 fixed income products to its customers. These products provide three different types of liquidity. They are Internal Optimization, BondCross, and Seeker.

All the products combined allows users to increase their efficiency and place orders for the blocks anonymously. In addition to this, customers can also publicize their interests without providing side, size or strategy. They can also source a huge database for alternative liquidity sources in order to meet their requirements.

The partnership between Rialto and Bittrex is going to create a new, innovative and comprehensive digital securities trading platform. The platform states that the Alternative Trading System is going to support US dollar trading for digital securities.

The services provided by the platform will include issuance advisory services, custody, trading, and placement. These services mainly focus on institutional investors, accredited investors, corporations and broker-dealers interested in trading digital securities in the United States.

Upon the collaboration, the CEO of Rialto Trading, Shari Noonan stated that the partnership would pave the path in expanding the company’s client offerings. This would include offering digital securities to the company and providing the customers access to an advanced and reliable trading platform on a global level.

Shari Noonan said:

“We are excited to share Rialto’s expertise in building networks and trading solutions in the regulated securities industry to develop this new venture in partnership with Bittrex.”

In addition, the CEO of Bittrex, Bill Shihrara also shares the same ideals to that is Rialto. He said:

“It takes a unique combination of advanced technology and financial expertise to build and launch an efficient, reliable and secure platform for trading securities, and we found the ideal partner in Rialto and its CEO Shari Noonan.”

He further stated that the US-based cryptocurrency exchange platform will be merging their technology, cybersecurity and blockchain expertise with Rialto’s comprehensive knowledge in the securities sector. Bill firmly believes that this would further allow the proliferation of blockchain technology adoption with Rialto’s expertise in the finance industry and Shari’s experience at Deutsche Bank and Goldman Sachs.

Block_Legend, a Twitterati said:

“We are on our way to a sunny future.”

Notably, Bittrex recently entered into a partnership with Ripple to provide liquidity for the XRP/USD pair in order to strengthen Ripple’s xRapid ecosystem. The Ripple-Bittrex partnership came into limelight days after the exchange platform announced that they would add XRP to their USD markets.