The integration will focus on providing direct futures trading, and introducing clients among other services.
Goldman Sachs is reportedly in talks with the US arm of crypto exchange FTX for potential integration of the latter’s derivative operations., the multinational investment giant aims to integrate derivatives trading services with FTX US, which has been now pushing into stocks, to enable retail investors to trade a more diverse array of assets at a time when volumes have fallen precipitously.
The exchange argued that it holds customer collateral and calculates margin requirements, liquidating positions automatically rather than waiting overnight. These procedures have been tested for handling massive trades and in periods of extreme volatility. The “biggest FCMs” are reportedly warming up to the proposals presented by FTX US, as per the exchange’s President, Brett Harrison, who went on to add,“We have multiple FCMs already committed to integrating technologically with the exchange.
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