Floating Point Group and ML Tech Partner to deliver advanced crypto trading strategies for institutional traders
HOBOKEN, NJ, 13 October 2022 /PRNewswire/ — Floating Point Group (FPG), a prime cryptocurrency brokerage, partners with ML Tech, a non-custodial investment management and trading platform. FPG will provide seamless access and monitoring of ML Tech’s algorithmic trading strategies from FlowVault, FPG’s cryptocurrency settlement and transfer platform for exchange-based trading.
How Floating Point Group works with ML Tech
“Institutional investors are looking for new sources of uncorrelated alpha in crypto markets,” said Leo Mindyuk, co-founder of ML Tech. “Our partnership with Floating Point Group gives investors access to a curated selection of institutional-grade quantitative trading strategies managed by ML Tech within a secure FlowVault environment. With a range of trading strategies ranging from Delta Neutral Basis and Calendar arbitrage to Market Neutral Statistical arbitrage. , investors can select strategies that suit their risk/return appetite and deploy them directly through FlowVault.”
FlowVault helps traders achieve superior returns by lowering trading fees, expanding access to exchanges and opening up new capital pools. FlowVault is a platform built for automation, security and scaling that gives traders direct access to the exchange’s trading APIs. Traders can transfer assets between exchanges and wallets without compromising operational security.
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 full ownership, transparency and insurance for funds on FlowVault.
About the Floating Point Group
Floating Point Group is a crypto brokerage platform and asset manager agency that removes the barriers and complications of accessing liquidity across a broad set of markets to implement advanced cryptocurrency-centric strategies at scale. The company has insurance for custodial cryptocurrencies and is regulated in the United States; FPG has also secured VASP registration in Cayman Islands.
Floating Point Group is backed by Tribe Capital, Coinbase Ventures, FAST by GettyLab, Borderless Capital, CapitalX, Formulate Ventures, BoxOne Ventures, Seabury Global Markets, AngelList’s Naval Ravikant and a number of angel and institutional investors.
For more information, visit floating.group.
About ML Tech
ML Tech allows institutional investors to invest in algorithmic trading strategies running on ML Tech’s high frequency/low latency infrastructure, complemented by 24*7 risk management and advanced performance analytics. Investors benefit from a single access point to unique alphas built by experienced crypto trading teams. Trading teams benefit from access to institutional capital (100M+ capital to be distributed), lower fees across multiple exchanges and easy integration with leading crypto exchanges.
For more information, visit mltech.ai.
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SOURCE Floating Point Group
