Talos has integrated with Kalshi to allow some institutional clients to trade prediction market event contracts and cryptocurrency perpetual futures together through their existing digital asset trading infrastructure.
The change removes the need to build separate connections, lowering operational burdens for professional trading firms such as hedge funds and market makers.
Cointelegraph reported on Tuesday that Talos offers algorithmic orders such as iceberg, time-weighted average price (TWAP) and percent of volume (POV), as well as multi-leg execution. This allows it to handle spread trades between perpetual futures, or between perpetual futures and spot markets. Institutional clients can also execute block trades of Kalshi contracts on a request-for-quote platform where over-the-counter liquidity providers participate.
Talos plans to expand its dealer software to brokers and trading platforms within the year. In permitted regions, they will be able to offer Kalshi event contracts directly to clients. Talos also plans to launch an integrated prediction market data feed that standardises events, executions, order books, open interest and implied probabilities by exchange.
Chi-gyu Hwang
delight@d-today.co.kr