Altonomy Launches First OTC Sell-Side Trading Desk for Crypto Market and Multimillion-Dollar Crypto Index Fund

NEW YORK, Sept. 18, 2018 /PRNewswire/ -- Altonomy, a cryptocurrency trading, advisory and asset management firm, today announced its official brand launch and its rapidly-growing, multimillion- dollar U.S. crypto index fund, the Altonomy Taurus Index Fund. Altonomy is the first dedicated sell-side trading desk that provides institutional-grade liquidity solutions, OTC trading, advisory and asset management services for the crypto market. 

Altonomy fills a critical missing piece of the emerging crypto market, an OTC sell-side trading desk, through a new "broker-dealer" model  -- one that provides the highest degree of Wall Street professionalism, transparency, proprietary technology and a global partner network of projects and funds. On the asset management side, since the Altonomy Taurus Index Fund's inception, it has outperformed Ethereum (ETH) by 55 Percent as of September 12, 2018, including a high point range of 60 to 70 percent.

According to Autonomous Research LLP, most crypto funds are expected to decline at least 50 percent this year. However, Altonomy Taurus Index Fund's model safeguards its fund and customers against this market risk through diversification, low cost of rebalancing and high liquidity.

The Altonomy Taurus Index Fund is a U.S.-registered and fully regulated private crypto index fund that is low-cost, transparent and optimally diversified to reduce portfolio risk. The fund focuses on market-cap weighted holdings of the most liquid cryptocurrencies to deliver low volatility and high liquidity, while reducing risk through diversification.

"Before founding Altonomy, we saw a huge need for a dedicated OTC sell-side trading desk in order to provide ICO issuers and crypto hedge funds more liquid trading options," said Ricky Li, co-founder of Altonomy. "Until now, there hasn't been an independent, sell-side trading desk to provide effective crypto asset and liquidity management services. Altonomy fills this gap by consistently delivering the most favorable spreads in OTC markets given time and liquidity constraints for different token dynamics, even long-tail ones, in highly volatile markets."

The company has quickly become a trusted secondary market leader with more than 40 ICO project clients ranking in the top 200 by market cap like INS and Origo as well as some of the biggest crypto hedge funds in the world like Neo Global Capital (largest in Asia). Altonomy also works with other major global OTC trading partners to share liquidity, and is a key contributor to the trueDigital Bitcoin and Ether pricing indices, which provide the transparency and confidence needed to enable institutional-grade derivative products. It has been providing liquidity for established and upcoming exchanges around the world, helping them to gain traction and attract customers through narrower spread and higher order book depth.

Altonomy empowers clients with a number of unmatched benefits through its "Altonomy Hybrid IQ," a combination of deep human crypto market expertise and proprietary algorithms that ensures OTC trades are executed in volatile markets with the best spread given time and liquidity constraints for different token dynamics, including:

• Premier Liquidity Management -- Altonomy meets KPIs for exchange listings and liquidity management, even in extreme market conditions.
• High-Value OTC Trading -- With 24/7 access to its global liquidity pool across Asia, Europe and the U.S, Altonomy delivers transparent, OTC transaction services for crypto-to-fiat and crypto-to-crypto with extended coverage to illiquid tokens.
• Transparent Pricing -- Transparent, all-in price quotes with free listing and exchange advisory services.
• Protection of Client Interests -- Altonomy's independent trade execution model helps protect client's best interests by aligning pricing with trading performance, and separating investment and trading practices.
• Proprietary Macro Market Analysis -- Altonomy advises client on the impact of sentiment and various events on the macro crypto market through proprietary analysis.

"Altonomy has helped us improve our portfolio management performance by directly executing trades while guaranteeing the protection of investor interests," said Wayne Zhu, Founding Partner of NGC (Neo Global Capital). "Their OTC trading liquidity helps us to quickly get into or out of positions at a good price with assured professionalism and timely reporting. Altonomy always knows its boundaries and has been very careful to avoid any potential conflicts of interests. In such a bearish market with low liquidity, partnering with a trusted sell-side OTC trading desk has become a necessity."

"When setting out to launch, we realized holding all of our assets in one token was risky," said Baron Gong, Founder and CEO of Origo Network. "Altonomy helped us successfully diversify our portfolio through Altonomy Taurus Index Fund, advised us on the best exchange listing strategy and covered our operation expenses by providing OTC crypto to fiat trading services."

About Altonomy
Altonomy is a cryptocurrency trading, advisory and asset management firm. The company is the first dedicated sell-side trading desk with institutional-grade OTC, advisory and asset management services for the crypto market. Altonomy is founded by veteran traders bringing decades of experience from marquee brands including Goldman Sachs, Citibank, Morgan Stanley, PWC, CME Group, Credit Suisse, among others. Altonomy's global team and network, deep crypto market expertise and proprietary algorithms enable the company to be a trusted secondary market leader for customized liquidity management, OTC transaction services for crypto-to-fiat and crypto-to-crypto, and asset management solutions. Altonomy partners with many crypto projects, exchanges and investment funds, and has over 40 clients ranking in the top 200 by market cap. Founded in 2018 with headquarters in Singapore, Altonomy has offices in New York City and Beijing. For more information, visit altonomy.com.

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SOURCE Altonomy