(PRESS RELEASE) -- ParlayX, the infrastructure platform for institutional prediction market trading, and ProphetX, a CFTC-regulated exchange for sports event contracts, announced a strategic partnership that will make ProphetX markets available through the ParlayX platform.
ParlayX gives trading desks what a single venue account cannot: separate logins for traders and admins, capital segregated by desk or strategy, and permissions that decide who can trade what. Orders, positions, and fills stream through one API in the same shape for every venue, so ProphetX sits in the same view as everything else the firm trades.
"ProphetX has been building since 2018 and they have done it the right way with a real emphasis on doing right by their customers. They have been great partners to us and a smart team to work with," said ParlayX CEO Andrew Gonzalez. "Our job now is to help improve the market making experience on ProphetX. The firms providing liquidity there should have the best tooling we can give them and that is what we intend to provide."
"Partnering with ParlayX makes it substantially easier for institutional traders to connect to our federally regulated sports-focused markets," said ProphetX CEO and Co-Founder Dean Sisun. "We look forward to working with their team to continue improving liquidity and the overall trading experience across our platform.