At SheeldMarket, we believe the perfect Dark Pool is capable of routing and matching orders at record speed, while making sure critical data can never be seen or used by other participants. This is the power of our Trusted Matching Environment.
Dark Pools are private securities trading platforms, allowing
participants to trade large volumes without adverse market impact.
If no one is aware that you are ready to buy $10M worth of stock,
prices will not go up right before your trade is executed.
The issue is there is no way of using a Dark Pool without notifying the platform itself, creating a risk of information leakage. Over the years, Dark Pool operators have been fined millions of dollars for exploiting that information, either by selling it to high-frequency traders or trading against their own customers.
SheeldMarket was born at the crossroad of two worlds:
privacy-preserving computation and professional trading.
In 2019, Oliver, Arnaud, and Simon started working on a solution to information leakage in dark pools as visiting scholars at UC Berkeley. Jacques, the creator and manager of Credit Suisse’s Crossfinder, one of the largest cash equity dark pools in the world, joined the team when they returned to Paris. Together, they created the Trusted Matching Environment: the only trading system that guarantees absolute privacy of trading data while offering the same speed, performance and ease of use as the best platforms in the industry.
They launched their first product: a one-stop-shop for cryptocurrency block trading. Their platform provides access to on-exchange, off-exchange and dark pool liquidity using a single account.
Beyond crypto-currencies, SheeldMarket’s technology has the potential to reduce trading infrastructure upfront costs; any firm, big or small, can use SheeldMarket’s technology to set up on-demand, modular, cloud-based infrastructure while keeping full control over their data.