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A Chicago trading tech firm is partnering with BitMEX to unleash crypto derivatives on professional traders

Frank Chaparro
Trading Technologies, a Chicago firm that offers a platform to trade derivatives, equities, and crypto, announced Tuesday a partnership with BitMEX that would allow its users to trade crypto perpetual swaps alongside other cryptocurrency assets on its platform. The post A Chicago trading tech firm is partnering with BitMEX to unleash crypto derivatives on professional traders appeared first on The Block.

Trading Technologies, a Chicago firm that offers a platform to trade derivatives, equities, and crypto, announced Tuesday a partnership with BitMEX that would allow its users to trade crypto perpetual swaps alongside other cryptocurrency assets on its platform. 

"Through the partnership, TT’s users who are eligible to trade at BitMEX now have access to all BitMEX products, including its flagship XBTUSD Perpetual Swap, through the TT platform," Trading Technologies said in a blog post. Already, TT's platform provides professional and day traders the ability to trade bitcoin futures on U.S.-based exchanges like CME and Cboe as well as the cryptocurrencies offered on Coinbase. Perpetual swaps, a unique product in crypto, provide a way to essentially synthetically trade underlying crypto assets.

“This collaboration with BitMEX brings our award-winning trading software to a much broader cryptocurrency market," said Rick Lane, CEO of TT, in a statement. "We expect this partnership will grow trading volume on BitMEX, not only through our existing clients who want access to cryptocurrencies, but also through new users keen to leverage professional trading software and enjoy better trading experiences."

BitMEX, one of the largest exchanges in crypto, has ambitions to expand its platform into 2019. The firm is kicking the tires on options, a move that could put it up against rival Deribit, a smaller rival that offers options and futures.