Multi-asset brokerage Tradu picks Crossover Markets Group as its digital asset execution partner

Multi-asset brokerage company Tradu, the sister firm of FXCM, has selected Crossover Markets Group as its primary partner for digital asset execution. The company’s recent announcement stated that crypto on Tradu’s upcoming service will be routed to Crossover’s CROSSx electronic communication network (ECN).

What will Tradu have to offer?

Tradu is a part of Stratos Group International, which operates FXCM, a well-known CFD and FX brokerage. However, Tradu is a new broker that was only unveiled last month during the Finance Magnates London Summit. It has not even seen a launch as of yet, but it will go live in the UK later this month.

But, while the broker is just about to start its journey, it already has great plans for global expansion. According to its plans, the expansion is expected to start in Q1 2024, meaning that the new firm will not be wasting any time in achieving its goals.

The company’s CEO, Brendan Callan, stated that assembling the right technology platform for the firm’s customers was its key objective. Meanwhile, CROSSx is the only crypto execution venue available today that can deliver the required speed and throughput in order to help the firm bring down trading costs.

Callan added that Tradu and its team believe that their distribution, alongside CROSSx’s technical prowess, will create one of the most compelling crypto trading offerings available on today’s market.

Callan already has plenty of experience in the position of CEO of a brokerage, as it also holds this position at FXCM. Now, he is also taking up this role at Tradu. Of course, he is only one of man executives at FXCM that will lead both companies.

Once it sees its official launch, Tradu will offer a range of asset classes, including commodities, equities, CFDs, FX, treasuries, indices, as well as cryptocurrencies.

About Crossover and CROSSx

Meanwhile, Crossover’s co-founder and CEO, Brandon Mulvihill, commented on the fact that his firm was chosen to work with Tradu. He said that, on the front end, Tradu provides retail clients with the ability to trade multiple asset classes seamlessly. Meanwhile, on the back end, the company sources liquidity management, market data, as well as trade execution from some of the best providers in their respective markets.

Crossover is excited to share that we have been selected as the primary digital asset execution partner of Tradu, the multi-asset "super app" for active traders and wholly owned subsidiary of @Jefferies. Learn more in the full press release: https://t.co/95DDV7EseG pic.twitter.com/OnBKQNaVv0

— Crossover Markets (@crossover_mkts) December 14, 2023

Crossover itself was established by two former executives at Jefferies — Mulvihill himself and Anthony Mazzarese. Earlier this year, Crossover Markets launched its ECN CROSSx, with backing from several major retail brokerage brands, such as Think Markets, Exness, Flow Traders, Pepperstone, and TMGM.

Commenting on the benefits of CROSSx, Mulvihill said: “CROSSx brings unrivaled speed and performance to the table, matching 99% of orders in under 10 microseconds while processing over 1 billion quotes per day.”