Omniex – Cryptocurrency Asset Investment & Trading Manager?
Omniex is an institutional operating platform for investment managers and active traders focused on crypto-assets. Find out how it works today in our review.
What Is Omniex?
Omniex, found online at Omniex.io, aims to offer a complete solution for the investing and trading of crypto-assets. The platform’s suite of services include portfolio and order management, risk and data analytics, connectivity, and exclusion. All of these services are built with institutional clients in mind – specifically, institutional clients interested in crypto assets.
Omniex aims to be the first institutional-grade platform capable of providing an end-to-end solution for crypto-assets. It aims to offer key features like reliability and stability – both of which are obviously important for institutional investors.
As the Omniex website explains, “Omniex is building the platform that will enable crypto-assets to become a true institutional asset class.”
What Problems Does Omniex Seek to Solve?
Omniex seeks to solve major problems for investment managers and active traders.
Investment managers with dedicated crypto funds and established funds often struggle to add crypto-assets into existing portfolios. These people face challenges like scarce information, fragmented liquidity, and new workflows. This makes it difficult to make informed decisions or to efficiently execute operations.
Active and quantitative traders face different challengers. Order and trade lifecycle management are always important. However, active traders also depend on system stability, execution efficiency, and market-impact minimization to be successful.
Basically, both types of traders are suffering in the crypto community today. They’re not trading efficiently due to a lack of management tools and other resources.
How Does Omniex Work?
Omniex aims to solve the problems listed above by creating a full-featured institutional-grade investment platform. They have a solution for investment managers as well as for active traders.
Their solution for investment managers focuses on the entire front, middle, and back-office life cycle of crypto-asset investment. Starting from data, analytics, and risk tools to order management and execution services all the way through settlement and asset storage integration. Overall, Omniex seeks to develop a suite of APIs and proprietary technologies that will make crypto-asset investing look and feel like a traditional asset class.
Meanwhile, for active traders, Omniex aims to provide faster, more efficient trade executions. The crypto asset marketplace is not yet at a level where micro-second executions are necessary (like with conventional stock markets). However, today’s active and quant traders often encounter a problem where larger trades are executed across multiple days and multiple venues. This makes best-execution virtually impossible to achieve. Omniex’s direct market access (DMA) and algorithmic services aim to give active traders an edge – especially when combined with the end-to-end portfolio management system mentioned above.
Overall, Omniex aims to create a full-featured investing platform catered to institutional investors. These investors often struggle to access information, perform trades in a timely manner, or perform trades efficiently. Omniex aims to solve that problem with a back, middle, and front office solution, APIs, and proprietary access to exchanges.
Omniex’s website has identifies three core services so far, including:
Portfolio Solutions And Analytics
This is Omniex’s comprehensive suite of front office services for portfolio managers and traders. It aims to optimize multiple aspects of portfolio management, including crypto-asset portfolio tracking, valuation, orders, risk and performance, and more. Real-time dashboards and unified analytics services will provide consistent information across the portfolio, which simplifies the job of investment managers and traders.
Connectivity And Routing
Crypto is a new and emerging asset class. APIs and platforms aren’t always fully developed, which is why portfolio managers frequently switch between applications or write their own code to access different services and liquidity venues. Omniex’s unified trading interface, multi-venue DMA, and routing services, on the other hand, allow fund managers and traders to refocus their attention and valuable time on their core competencies – like managing portfolios and making investment decisions.
Algorithmic Execution Services
Omniex has built an algorithmic execution layer across the crypto-asset landscape. This service aims to minimize fragmentation and add measurable efficiency to trading operations. It will allow traders to quickly and efficiently execute orders regardless of service with minimal impact on the market.
Who’s Behind Omniex?
Omniex is led by Hu Liang (Co-Founder and CEO), who co-founded Omniex in San Francisco in August 2017. He had previously served as the Senior Managing Director of the Head of eExchange Asia Pacific and the Head of SSGX Asia Pacific (both positions in Hong Kong) before working as Senior Vice President at the Emerging Technologies Center in San Francisco. Prior to co-founding Omniex, Liang worked as an Advisory Board Member for FinTech Sandbox (a position he continues to hold). You can view his LinkedIn page here.
Other key members of the team include Kamal Mokeddem (Co-Founder, Head of Technology) and John Burnett (Co-Founder, Business Development and Strategy).
Omniex is a crypto-asset investment management platform catered towards institutional investors. The platform is in active development by a team in San Francisco. You can get updates on the platform by visiting online at Omniex.io. If successful, the platform will help cryptocurrency become its own asset class embraced by institutional investors worldwide.