RATE Group | Tassat and Blockfills Launch Trade at Settlement Product for Bitcoin
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Tassat and Blockfills Launch Trade at Settlement Product for Bitcoin

19 Nov Tassat and Blockfills Launch Trade at Settlement Product for Bitcoin

Posted at 04:00h in Bitcoin News by

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New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD).

According to a Nov. 18 report by Hedgeweek, Blockfills — which specializes in digital asset electronic market making, trading and prime brokerage — will join forces with Tassat, formerly known as trueDigital to launch the product by mid-December.

New products for crypto traders to hedge risk

TAS is a specific type of electronic order book that enables buyers and sellers to trade at — or close to — a settlement price established during a discrete fixing period. 

Widely used in derivatives markets for a range of underlying assets, the model is designed to reduce uncertainty and to eradicate slippage in execution by establishing a determined price for participants to trade around.

TAS developers argue that by contrast, retail spot exchanges are beset with risks and uncertainty associated with price…

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