Chicago-based Radix Trading is 'Trading Firm A' in the CFTC lawsuit against binance, an executive told the Wall Street Journal. SteveAlpher reports
In the suit, the CFTC talked about at least three U.S.-based quantitative trading firms that were active on Binance even though American customers were supposed to be banned from trading there.told the Journal his company traded on Binance for several years via offshore affiliates and a prime brokerage."We got legal vetting on anything we did in terms of crypto connectivity," he said.
Blander told the newspaper his firm was cooperating with the CFTC prior to the suit and he does not believe Radix is the target of any investigation. Radix's role in crypto is not well-known in the Chicago trading community or crypto industry. One of its founders, , previously had a senior role at Getco, a now-defunct firm that was a pioneer in high-frequency trading.
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