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TP ICAP Announces First Live Trade through Fusion Digital Assets with GMEX Trading and Post-Trade Technology

GMEX Technologies, a subsidiary of GMEX Group, announced that TP ICAP, the world’s largest interdealer broker, has gone live with its Fusion Digital Assets wholesale cryptoasset exchange, powered by GMEX trading and post trade technology. Fusion Digital Assets is a trading venue for institutional market participants only. It registered as a cryptoasset exchange provider with the UK’s Financial Conduct Authority (FCA) in November 2022. The venue is distinctive because its segregated operational structure aligns with traditional financial markets rather than cryptoasset markets seen to date. This means that independent providers perform specific, segregated roles that cover trade execution, custody, and settlement. The venue features an electronic marketplace for spot cryptoasset trading, starting initially with Bitcoin and Ethereum.

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