SINGAPORE–(BUSINESS WIRE)–OrBit Markets, an institutional liquidity provider in crypto options and structured products, has executed the first US barrier product (“One-Touch”) with BlockFills, a fast-growing global digital asset trading and financial technology company.
As the digital asset market evolves, more investors are exploring advanced option strategies for hedging, investing and yield enhancement, but few market makers are able to provide liquidity in these complex products. Founded this year by a team of former executives of Deutsche Bank’s top-rated foreign exchange division, OrBit bridges this gap by bringing decades of traditional derivatives expertise to the digital asset market.
An American barrier option, also known as a One Touch, is a derivative whose payout is conditional on the underlying asset breaching a specific barrier level during the life of the option. Unlike their European-style counterparts, which depend only on the underlying price at expiration, American barriers require sophisticated option pricing models and numerical algorithms.
“We now offer institutional counterparties several ground-breaking products on digital assets. Our proprietary risk systems and quantitative models can produce fully customized derivatives to suit our counterparties’ tailored needs. We see exotic options as the new front line in this evolving asset class, and we are pleased that we were able to meet BlockFills’ specific requirements in this case,” says Caroline Mauron, CEO and co-founder of OrBit.
“BlockFills works with qualified institutional clients across the digital asset spectrum to tailor their risk profiles. The flexibility of one-touch and barrier options is a welcome tool for structuring cost-effective hedges, says Perry Parker, head of derivatives trading at BlockFills.
About OrBit Markets:
OrBit Markets is an institutional liquidity provider of exotic options and structured products within digital assets. Founded by a strong team of trading and informatics leaders, and backed by Matrixport and Brevan Howard Digital, OrBit brings its expertise in alternatives to the crypto market. Headquartered in Singapore, OrBit serves institutions across CeFi, DeFi and TradFi looking for more sophisticated investment and hedging solutions in digital assets. For more information, visit www.orbitmarkets.io.
About BlockFdiseases:
BlockFills is a disruptive financial technology firm dedicated to providing end-to-end solutions for global cryptocurrency market participants. The company has successfully built and deployed a cutting-edge multi-asset technology platform that has solved major liquidity fragmentation issues in the market. The platform offers price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives and lending markets. In addition, BlockFills offers software-as-a-service (SaaS) solutions designed to simplify all aspects of the trading lifecycle for institutions in the sector.
