PARIS, November 14, 2017 /PRNewswire/ --
Legolas Exchange is partnering with the Makor Group to give institutional investors access to crypto assets. Together, they plan to build the first regulated, secure and front-running proof cryptocurrency exchange catering to the needs of institutional investors.
Frederic Montagnon, CEO Legolas Exchange, explains: "Institutional investors want to build crypto portfolios, but they struggle with unregulated exchanges and are uncomfortable with the complexity of holding tokens and rampant price manipulation." Legolas Exchange will implement its decentralized order book and matching protocol in order to provide full transparency regarding the price of transactions and prevent price manipulation.
Makor will leverage their relationships with major global banks in order to provide a custodian solution for institutions who want to trade cryptocurrencies.
Through this Legolas-Makor partnership, clients will have access to both a fiat currency account as well as a multi-signature cryptocurrency account managed by Legolas Exchange. Michael Halimi, Makor Group CEO, explains: "Crypto is a new asset class and our clients want to leverage this opportunity, but there are few actionable solutions on the market. By partnering with Legolas Exchange, we can offer a frictionless and secure solution giving clients full control over their Coins."
Legolas Exchange is a demonstrably fair, bank-backed premium exchange for institutional investors. It incorporates a decentralized ledger within its proprietary centralized platform in order to guarantee the inalterability, temporality and transparency of the order book and ensure a fair-trading environment. (https://legolas.exchange)
Makor Group (http://www.makor-capital.com)
The Makor group is an international brokerage firm established in 2011 to provide financial securities research and execution to institutional investors in cash equities, fixed income, derivatives and FX.
With offices in New York, Chicago, London, Paris, Geneva, Gibraltar, Tel Aviv and Singapore, and over 100 group employees, Makor offers its clients 24-hour global trading providing a single point of contact for more than 90 execution venues in cash equities only.
Makor provides its clients with original and innovative trading ideas specializing in risk arbitrage, special situations, relative value and event-driven opportunities for clients and regularly ranks in the Top 3 of the Thomson Reuters EXTEL risk-arb research surveys.
Makor acts only as an agent and is therefore not susceptible to the various conflicts in the industry. Makor takes no proprietary positions and as such acts wholly and exclusively for the benefit of the client. Makor's understanding of local markets and extensive client relationships built over 30 years industry experience, allows us to tap into local institutional portfolios in order to maximize liquidity for clients.
Besides the client relationships Makor has strong relationships with global custodians and prime brokers. These international custodians, which provide essential services across all asset classes, are the oil that keeps the trading engine running smoothly. Prime brokerage services including custody and trade settlement are as important to the clients as the execution itself and in some cases even more important. Settlement of trading activity needs to be timely and problem free.
In addition to facilitating clearing and settlement services, we also work closely with clients to optimise their balance sheet financing requirements which requires liaising with these global custodian service providers. Our leading service providers in this regard are internationally recognised and trusted names for example Societe Generale, BNP Paribas, Pershing Limited, Bank of America Merrill Lynch, Royal Bank of Scotland, Citibank, CACEIS etc.
SOURCE Makor Group and Legolas Exchange