TP ICAP's Fusion Digital Assets Gains 4OTC Low-Latency Connectivity

TP ICAP's Fusion Digital Assets has gained a key connectivity partner in 4OTC, a low-latency liquidity provider. The integration of 4OTC's Libre Liquidity Bridge with Fusion Digital Assets allows liquidity providers to stream spot cryptocurrency liquidity to the venue.

This marks a significant expansion of Fusion Digital Assets under its matched principal model. In April, crypto market maker B2C2 joined the venue as a liquidity provider under this structure.

The connection gives liquidity providers a route to Fusion Digital Assets without requiring them to develop a direct exchange API connection. 4OTC's technology supports low-latency price distribution and execution.

Under the matched principal model, participants can trade without prefunding and face TP ICAP as the intermediary. This structure is intended to reduce counterparty and operational requirements while improving capital efficiency for participants.

The model also supports an expansion of the assets and currencies available on Fusion Digital Assets. The exchange currently supports USDC and has expanded its cryptoasset coverage to include SOL. It plans to add further fiat currency pairs and, in the future, tokenised real-world assets.

According to Chay Pollard, Director of Digital Assets Electronic Broking at TP ICAP, the partnership will allow liquidity providers to connect to Fusion Digital Assets through 4OTC's Libre service 'without the need to undertake any exchange API development work'.

The venue is also extending its operating hours in response to institutional demand, moving from 23 hours a day, five days a week, to continuous weekday trading, with weekend coverage planned for a later stage.