BitGo Launches Global Markets Division Following NYDIG…
By Abdelaziz Fathi
AI summary of the source article
BitGo has launched BitGo Global Markets, a new institutional division combining liquidity, execution, financing, derivatives, collateral management, and settlement following its acquisition of NYDIG's institutional trading business. Pete Janney was appointed Head of Global Markets.
Why it matters
The new unit is designed to give institutional clients a single relationship for execution, credit, derivatives and post-trade services rather than requiring separate providers for each part of the trading lifecycle.
Key facts
- BitGo launched BitGo Global Markets following its August 27 acquisition of NYDIG's institutional trading operation, which added about 30 NYDIG employees.
- Pete Janney, previously of NYDIG, has been named Head of Global Markets.
- The division integrates BitGo's institutional trading and Prime Services with acquired derivatives, financing, and structured-product capabilities.
Source excerpt · FinanceFeeds
BitGo has launched BitGo Global Markets, a new institutional business combining liquidity, execution, financing, derivatives, collateral management and settlement following its acquisition of NYDIG’s institutional trading operation in August.Pete Janney, who joined BitGo from NYDIG as Head of Financial Infrastructure, has been appointed Head of Global Markets. The division incorporates BitGo’s exi…