Susquehanna International Group (SIG) and DRW Trading Group (DRW) have launched market-making services on the HedgeStreet Exchange.
SIG and DRW also have taken investment positions in HedgeStreet. Together with a second investment from the Chicago Board Options Exchange (CBOE), HedgeStreet has closed its latest funding round.
“With SIG and DRW, two of the largest and best market-making firms in the world, we expect better pricing, larger sizes, and narrower spreads for our trading members,” says Stephen Race, chairman and CEO of HedgeStreet. “We expect their influence to be profound as they phase in their participation on our Exchange. In addition, HedgeStreet plans to launch a compelling institutional platform later this year. That new platform will carry a similar range of contracts, in larger denominations.”