RATE Group | Tassat and Blockfills Partner to Create Bitcoin ‘Trade-At-Settlement’ Spot Product 
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Tassat and Blockfills Partner to Create Bitcoin ‘Trade-At-Settlement’ Spot Product 

13 Nov Tassat and Blockfills Partner to Create Bitcoin ‘Trade-At-Settlement’ Spot Product 

Posted at 16:16h in Bitcoin News by

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NEW YORK & CHICAGO–(BUSINESS WIRE)–Tassat, a global provider of financial technologies and products for traditional and digital asset markets and Blockfills, a global leader in digital asset electronic market making, trading and prime brokerage, are partnering to introduce an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD).

This product, which is expected to be available for trading in mid-December, enables institutions to submit block orders in Bitcoin at defined price spreads from the mid-market, at three specific times during each day: 15:00 Hong Kong Time, 15:00 Central European Time (Paris) and 15:30 Central Standard Time (Chicago).

TAS, widely used in derivatives markets for other asset classes, is a specific type of electronic order book that allows buyers and sellers to trade at, or near to, a settlement price which is established during a discrete fixing period. This model helps eliminate slippage in execution and uncertainty by…

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