AlgoTrader becomes new partner of InCore Bank

InCore Bank and the software development firm AlgoTrader recently entered into a new partnership. According to a press release, this collaboration will aim to expand access to digital asset markets for banks and institutional clients. With the WIRESWARM order and execution management platform from AlgoTrader, institutional trading in cryptocurrencies and digital assets will be offered to banking clients. As a result, InCore Bank clients will benefit from best-price execution for every trade.

“InCore Bank clients now have 24/7 access to deeply liquid global cryptocurrency markets through a range of venues, providing faster trading and settlement and supporting a wider range of assets”, explains Mark Dambacher, CEO of InCore Bank, in the press release. “By making blockchain and cryptocurrencies more accessible and attractive to banks, there is vast opportunity for future growth”, he adds.

In the same press release, Andy Flury, founder and CEO of AlgoTrader, points out that 2021 was a record year for growth in the area of cryptocurrencies. “As such, the collaboration between AlgoTrader and InCore Bank aims to serve the continuously increasing demand while attracting more participants from the banking sector to the digital asset space”, Flury comments. In addition, he outlined his vision for the future in which AlgoTrader will seek to embrace and support the emergence of new digital asset classes including tokenized real-world assets.

AlgoTrader is the world’s leading provider of institutional trading infrastructures, the press release states. For its part, InCore Bank is a business-to-business transaction bank that offers a modular service portfolio for both traditional and digital assets. Both companies are based in the Greater Zurich Area.