# Finery Markets

> Leading crypto ECN and trading SaaS provider for digital assets.

Finery Markets is a crypto ECN and trading SaaS that connects institutional clients with liquidity providers using non-custodial infrastructure.

Finery Markets provides institutional trading infrastructure through a non-custodial crypto ECN. Users access aggregated liquidity, multiple trading modes, and APIs to connect with liquidity providers and manage trading workflows. Products include FM Marketplace, FM Liquidity Match, FM White Label, FM Pulse, and FM Space. The platform targets payment providers, brokers, OTC desks, funds, and other institutions.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2019-01-01
- Profile: https://thegrid.id/profiles/finery_markets

## Products

- [FM Marketplace](https://thegrid.id/profiles/finery_markets): FM Marketplace is a multi-dealer ECN connecting institutional traders to multiple liquidity providers with aggregated order books, quote streams, and RFQ for price discovery and execution. (Centralised Exchange, Live, Main Product)
- [FM Liquidity Match](https://thegrid.id/profiles/finery_markets): FM Liquidity Match is a SaaS trading infrastructure with master and sub-accounts to resell liquidity, internalize flows, and manage risk, settlement, and reporting. (Developer Tooling, Live)
- [FM White Label](https://thegrid.id/profiles/finery_markets): FM White Label is a white-label ECN-as-a-Service that lets businesses launch a branded institutional crypto trading platform with risk and spread management and API/GUI access. (Developer Tooling, Live)
- [FM Pulse](https://thegrid.id/profiles/finery_markets): FM Pulse is a real-time market data analytics tool that reveals trading costs, compares spreads, and provides market-wide insights for decision making. (Pricing Data API, Live)
- [FM Space](https://thegrid.id/profiles/finery_markets): FM Space is a counterparty discovery and selection platform to find, filter, and connect with verified trading partners across the ecosystem. (Customer Engagement Platform, Live)
- [FM x BitGo](https://thegrid.id/profiles/finery_markets): FM x BitGo is a centrally cleared crypto trading network co-developed with BitGo for institutional clearing and settlement workflows. (OTC, Live)

## Links

- [Main](https://finerymarkets.com)
- [Media Kit/branding](https://finerymarkets.com/assets/files/fm-media-kit.zip)
- [Blog](https://finerymarkets.com/blog)
- [Terms of Service](https://finerymarkets.com/legal.html)
- [Privacy policy](https://finerymarkets.com/legal.html#privacy)
- [Twitter / X](https://x.com/finerymarkets)
- [YouTube](https://youtube.com/@FineryMarkets)
- [LinkedIn](https://linkedin.com/company/finerymarkets)
- [Medium](https://finerymarkets.medium.com)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP