TD Ameritrade, one of the leading global retail brokerages has invested in ErisX, a new cryptocurrency trading platform owned by Chicago-based derivatives market Eris Exchange LLC TD, TD Ameritrade said on Wednesday. The new project also received support from other established financial players including Cboe Global Markets (CBOE), and high-speed trading giant Virtu Financial, ErisX explained in a separate press release.
TD Ameritrade, which did not disclose the funding amount, is the most significant backer of the upcoming exchange as the retail brokerage has more than 11 million clients and executes an average 780,000 trades per for them. TD Ameritrade is only investing, while CBOE and Virtu Financial have shares in the ErisX parent company, Eris, and will be market makers of the future exchange.
“Our retail clients are seeking to access and trade digital currency products...
This article appeared first on Cryptovest