Cartesian Digital Brings Institutional Grade Support to Event-Contract and Perpetual-Futures Trading

Cartesian Digital has launched its Prediction Markets Service for institutional trading firms. The service is designed to support hedge funds, crypto funds, market makers, and proprietary trading groups with accounting, investment operations, and reporting for event-contract and perpetual-futures strategies.

The firm's founder, Frank Napolitani, stated that 'markets have always been prediction engines' and that institutions are already trading these contracts. He added that the service is designed to provide an operating partner who can stand up the accounting, operations, and reporting behind them.

Cartesian Digital's Prediction Markets Service spans accounting, audit/tax support, daily reporting and reconciliation, and around-the-clock investment-operations support delivered through its follow-the-sun support model for 24/5 coverage. The firm is based in Stamford, Connecticut, with offices also in Dallas and London.

Napolitani emphasized that the service is designed to 'close the operational gap' for institutions trading event-contract and perpetual-futures strategies, which have become increasingly popular as U.S. regulators advance a framework for these instruments.