is launching a spot trading platform open to all investors and with the same fully encrypted features that are behind its institutional block-trading service.with near-instant trade execution. According to the company, the platform’s codebase and funds are hosted within a secure enclave, which prevents data leakage and front-running.
“Unlike in a decentralized exchange model, the matching engine and order book live off-chain, which guarantees the high throughput and private order flow of a centralized exchange, but we’ve removed the need to trust or depend on the exchange operator being a ‘good actor,’” said David Wells, CEO of Jersey City-based Enclave, in written comments to.
Enclave says that unlike other centralized exchanges it does not have internal market makers nor a proprietary trading operation that takes positions against its customers. In September, the company launched its first product, Enclave Cross, a fully confidential crypto trading service allowing for large transactions that do not affect market prices. The new platform will link with Cross, meaning clients will be able to undertake strategies across both venues to optimize execution of large trades.
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