LGO Markets has partnered with established digital asset and fiat clearing firms to ensure a secure and efficient post-trade settlement process.
The digital asset clearing firm maintains one of the keys for customers’ trading wallets and handles confirmation, settlement, and delivery of transactions. LGO Markets sends trade and position on a regular basis to the cash and digital asset clearing firms which then reconcile and clear the trades which happened on the LGO Markets platform. Digital asset settlement requires the digital asset clearing firm to countersign each transaction before it is broadcast to the blockchain. For cash clearing and settlement, the cash clearing firm moves fiat funds between clients accounts by using a clearing account. After settlement, balances are updated and recorded accordingly.