Wyden Integrates With EDX to Offer Cleared Crypto Liquidity
Wyden integrated its trading platform with EDX Markets to give banks and brokers direct access to EDX’s centrally cleared, capital-efficient digital-asset liquidity and matching engine.
Wyden has integrated its unified trade and orchestration platform with EDX Markets, connecting banks and brokers directly to EDX’s institutional-only trading venue and central clearinghouse, the companies said.
The link lets institutional participants route orders into EDX’s proprietary matching engine and access aggregated liquidity under EDX’s capital-efficient market structure.
Connectivity is provided through Wyden’s end-to-end system, which the company says supports microsecond-level execution and automates trade lifecycles from pre-trade risk controls through post-trade settlement.
EDX’s central clearinghouse model will handle daily net settlement and maintain bankruptcy-remote collateral and settlement accounts with full subaccount segregation, reducing direct counterparty exposure for participants.
The firms said the combined setup is intended to support large-scale orders with minimal slippage and improved capital use across a range of digital-asset instruments.
Andy Flury, president of Wyden’s board, described the agreement as aligned with the firm’s goal of providing a regulated, liquid trading environment for institutional clients: “The institutionalization of the digital asset market is driving demand for trading venues that mirror the transparency and performance of traditional financial markets.”
Tony Acuña-Rohter, CEO of EDX Markets, added that the partnership expands institutional access to cleared digital-asset liquidity: “By combining our central clearinghouse model with Wyden’s advanced trading platform, we’re delivering a more capital-efficient and resilient market structure for institutional participants.”
EDX operates an institutional exchange paired with a central clearinghouse intended to separate trading and clearing functions and lower counterparty risk through daily netting and segregated collateral accounts. Wyden provides trading infrastructure used by banks and brokers to orchestrate order flow, risk checks and settlement connectivity. The firms said the integration responds to institutional demand for trading venues that align operationally and structurally with traditional financial markets.
