FTX Unit Buys Stock-Clearing Platform Embed to Expand Equity Trading Infrastructure

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.ftx_us_derivs liked working with stock-clearing company Embed Financial Technologies so much, it bought the company.

liked working with stock-clearing company Embed Financial Technologies so much, it bought the company.

Embed provides white-label brokerage services and application programming interfaces to broker-dealers and registered investment advisors. FTX.US has been expanding its equity platform over the last year. The company said it will not chargeThe U.S. unit of crypto exchange FTX also said it won’t monetize traders’ orders by selling the flow to high-frequency traders, a controversial practice called payment-for-order flow for which Robinhood has been criticized.

 

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