Automated crypto trading integrated into core banking systems

A joint solution from MACD and Incore Bank will enable their clients to seamlessly handle automated crypto trading and custody through existing interfaces to their core banking systems without integration efforts.

It was announced that MACD, a market leader for trading connectivity in Switzerland, is partnering with business-to-business banking service provider InCore Bank AG to offer new trading in cryptocurrencies and a variety of other digital assets.

Proven channels

Orders are routed from the core banking system via FIX to InCore Bank or can be entered directly into MACD's order management system. Execution and confirmation is fully automated back into the core banking system. The advantages:

• There are no additional costs for the connection and maintenance of a further system. Integration takes place in the existing trading infrastructure of the customer bank.
• The high degree of automation (STP) reduces duplicate entries and manual input to a minimum.
• Custody takes place seamlessly at InCore Bank via its highly secure, bank-grade custody solution. This does not require any complex integration project.

MACD has been involved in the FIX trading community for nearly 20 years and is actively involved in the development of standardized processes for trading digital assets - while InCore Bank is a business-to-business transaction bank offering a modular range of services for traditional and digital assets. InCore Bank holds a license from the Swiss Financial Market Supervisory Authority FINMA for trading, custody, transfer and creation (tokenization) of digital assets.

Long-term partnership

George Macdonald, CEO of MACD described that they have been working with the team at InCore Bank for 10 years on various projects. They are very pleased to now add InCore Bank to their network as a broker for this exciting new asset class. With this long-standing partner they trust, they are expanding their digital asset offering and clients can now benefit from their services for the full range of products they want to trade.

"We sense that digital assets are being addressed by a growing number of banks. They want to offer their customers the new dynamic and diverse asset class, which appeals to the younger generation to an increased extent. But technical and operational challenges are a deterrent." - Mark Dambacher, CEO InCore Bank

Dambacher added that this is where InCore Bank came in with its offerings. The customers use the existing set-up without any integration effort and immediately start trading and custody.