Search results for Smart Order Routing
Crypto
Payward partners with SoFi to add SoFiUSD on Kraken
Payward, the parent company of cryptocurrency exchange Kraken, is partnering with U.S. fintech firm SoFi to strengthen stablecoin and round-the-clock dollar payments infrastructure. Payward plans to list SoFi’s dollar-pegged stablecoin SoFiUSD on Kraken and join the SoFi Exchange Network for real-time payments. The tie-up will allow Kraken’s institutional and corporate clients to settle U.S. dollar transactions 24/7 and may expand into qualified digital asset custody services.
Finance
Goldman Sachs, CLSA join Nextrade as foreign brokers expand participation
Goldman Sachs Securities and CLSA Korea Securities will join alternative trading system Nextrade, the operator said on Aug. 31. Nextrade approved membership for Goldman Sachs Securities Co’s Seoul branch and CLSA Korea Securities on Aug. 28. The two firms plan to complete procedures, including building a smart order routing system, within this year before starting trading. Nextrade’s member brokerages increased to 38.
Fintech
Morgan Stanley, Merrill Lynch join Nextrade as members
Morgan Stanley Securities and Merrill Lynch Securities have joined alternative trading venue Nextrade as members, Nextrade said. Nextrade approved membership for the firms\' Seoul branches on July 1. Morgan Stanley plans to complete its smart order routing system by November, while Merrill Lynch aims to finish system development this year and pursue participation across all markets after testing. Nextrade’s member brokerages have risen to 36.
