CryptoTrading Technologies, a peripheral of Voyager Digital Holdings Inc., has launched a new service platform that squarely focuses on the institutional market. The company recently announced the recruitment of Glenn Barber as their new Chief Institutional Officer.
The launch, and Barber’s recruitment’s timing, is partially attributed to the immediate and rising institutional demand experienced by Voyager. This demand rose following the announcement of the company’s intentions to unveil its first offering. This offering is basically a commission-free mobile exchange platform for retail capitalists. It implements exceptional execution utilizing smart order routing innovation.
Stephen Ehrlich, the CEO, says, “Expanding our offering and leveraging our infrastructure to include the institutional community was always a part of our long-term strategic roadmap. Based on the sheer number of conversations since we announced our retail offering; it’s clear that there is a void in the marketplace and an immediate desire by institutions to participate in and offer their clients access to this emerging asset class without the significant resources, costs, and time that would be required to develop an in-house solution.”
He further indicated that institutional investors would be able to directly access the organization’s infrastructure by writing to its APIs. As such, they will be able to offer cryptocurrency trading services to their customers while perpetuating the existing user interfaces.
Glenn Barber’s current location is in the organization’s headquarters in NYC. He was MD of Equities and Co-Head of New York-based Global Program Sales desk at Deutsche Bank before joining Voyager. Before that, he was MD, Equities at Barclays Capital, Inc. Here he served as a desk head and the lead business sponsor for developing their IPT Offering. He also served as MD at Lehman Brothers.
“It’s invigorating to join a team that encompasses such a unique combination of trading, expertise, market structure knowledge, and disruptive technology professionals. Our goal is to bring the level of access, connectivity, and innovation that institutional investors, in particular, are seeking in order to effectively participate in crypto trading,” said Barber.
Ehrlich, speaking about their new recruit, Barber, says, “Glenn’s capital markets acumen and deep industry relationships are exactly what we need to create optimal solutions for this critical universe of investors. He is an accomplished relationship manager and business-builder. He has a proven track record of harnessing technology to improve the client experience and bottom line.”
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