News linked to both this project and an event.
According to CoinDesk, Ripple’s brokerage Ripple Prime (formerly Hidden Road) has enabled institutional clients to trade swap contracts linked to over 100 stocks, commodities, and money markets around the clock, with the option to use its US dollar-backed stablecoin RLUSD as collateral. These swap contracts track the perpetual contracts listed on the Trade.xyz platform on Hyperliquid, are currently provided under Ripple Prime’s British Virgin Islands license, with plans to expand into additional jurisdictions in the future, while trading firm Virtu has already joined as an early client. In a client report, Daragh Maher, Head of Digital Assets Research at HSBC, characterized the offering as a “gradual rather than revolutionary” upgrade, noting that its current market size remains modest compared to traditional finance, with initial activity likely concentrated among market makers, proprietary trading firms, and hedge funds executing basis trades.
Odaily News - Bitget has officially launched an institutional-grade CFD liquidity solution, targeting quantitative teams, proprietary trading firms, funds, brokers, and high-net-worth professional traders, supporting high-frequency trading, spot-futures arbitrage, and automated trading scenarios such as Expert Advisors (EA). As professional trading institutions continue to demand greater execution efficiency, liquidity, and low latency, this solution aims to provide a more stable and efficient execution environment for large-volume, high-frequency trading.On the execution and liquidity front, Bitget adopts a 100% STP (Straight-Through Processing) model, routing orders directly to external liquidity pools and aggregating multi-level market depth from global Tier-1 banks and non-bank market makers, thereby reducing slippage and market impact during large-order execution. Additionally, trading servers are deployed in core financial data centers such as LD4 in London and TY3 in Tokyo, supporting sub-millisecond order matching via dedicated lines and fiber-optic connections, and offering a FIX API to facilitate institutional clients' integration with existing trading systems, bridging tools, and liquidity aggregation platforms.In terms of fund management, client assets are segregated from platform operating funds, with independent custody accounts, compliance reviews, and third-party audit mechanisms enhancing asset management transparency. The launch of this institutional-grade liquidity solution further strengthens Bitget's CFD backend trading infrastructure, complementing its existing retail-facing products and covering a multi-tiered range of trading needs from retail traders to professional institutions.