Crypto prime brokerage FPG integrates ML Tech’s algo trading strategies
“Institutional investors are looking for new sources of uncorrelated alpha in crypto markets.”
Crypto brokerage platform Prime Floating Point Group (FPG) has partnered with ML Tech, a non-custodial investment management and trading platform, to provide access and oversight to the algorithmic trading strategies of ML Tech from FlowVault.
FlowVault is FPG’s cryptocurrency transfer and settlement platform for exchange-based trading and helps traders reduce trading fees, expand access to exchanges, and open up new pools of capital . The platform gives traders direct access to the exchange’s trading APIs to help them transfer assets between exchanges and wallets without compromising operational security.
A curated selection of institutional-grade quantitative trading strategies
Leo Mindyuk, co-founder of ML Tech, said, “Institutional investors are looking for new sources of uncorrelated alpha in crypto markets. Our partnership with Floating Point Group provides investors with access to a curated selection of institutional-grade quantitative trading strategies managed by ML Tech in a secure FlowVault environment. With a number of trading strategies ranging from Delta Neutral Basis and Calendar Arbitrage to Market Neutral Statistical Arbitrage, investors can choose strategies that match their risk/return appetite and deploy them directly through FlowVault.
ML Tech’s Separately Managed Account (SMA) model offers pre-trade/post-trade risk management as well as 24/7 alerting and monitoring, while institutional investors benefit from the full ownership, transparency and assurance of funds on FlowVault.
FPG functions as a premium crypto brokerage platform and agency trading desk for asset managers. The company carries insurance for cryptocurrencies on deposit and is regulated in the United States, while also holding a VASP registration in the Cayman Islands.
The prime broker recently appointed former Fireblocks Chris Hazelton as chief marketing officer, bringing to the position more than fifteen years of marketing and market research experience, the last seven of which he has spent leading. product marketing for crypto and cybersecurity services.
He has created and led marketing teams for custody technology provider Fireblocks, mobile security pioneer Lookout, and BlackBerry’s $400 million enterprise software division. His experience also includes 10 years as an industry analyst at S&P Market Intelligence and IDC Research. As Chief Marketing Officer, Hazelton will drive FPG’s brand development and market leadership in demand generation, content, public relations, social and product marketing. In addition to advocating for clients who are scaling their crypto businesses with FlowVault.
FPG has also appointed Peter Eliades as Head of Distribution, responsible for overseeing the sales and business development teams in the US and APAC regions, reporting to co-founder Kevin March. Joining a predominantly technical and crypto-native management team, Peter Eliades is as TradFi as it gets, having spent most of his career at banking giants JP Morgan and Wells Fargo.