Rulematch Goes Live With Spain’s BBVA
Switzerland has launched Rulematch, a cryptocurrency exchange for banks, which uses Nasdaq’s technology.
The platform, which will offer spot trading of bitcoin and ether against the dollar for select institutional participants, uses crypto custody tech from Metaco and Nasdaq’s pre-trade risk checks, trade matching, and market surveillance features.
Rulematch aims to provide firms with the institutional feel they are accustomed to, including an anonymous central-limit-order book with 30 microsecond execution times and integrated post-trade settlement with multilateral clearing.
The platform is supported by Flow Traders, Consensys Mesh, and FiveT Fintech. Most other participating institutions have not yet been named.
(With inputs from Shikha Singh)
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