New Sniper Algo, Pre-Trade Analytics, Basket RFQ, OTC Loan Booking and On-Chain Connectivity

In Q2 2026, Talos rolled out new pre-trade analytics, an arrival-aware Sniper algorithm, new RFQ and settlement capabilities alongside OTC derivatives and loans support in the Talos PMS, extended its provider network with new on-chain and regional liquidity integrations, published a wide body of research spanning execution quality, risk methodology and market microstructure, and closed the quarter with four industry awards recognizing its trading infrastructure and data platform.

News

• Talos Joins DTCC Industry Working Group to Advance Tokenization of DTC-Custodied Assets 
• Industry Coalition Calls for US Digital Asset Market Structure Clarity 

Product updates

• New Sniper algo for arrival-aware execution – adapts across Peg, Snipe and Sweep modes based on market conditions
• New Talos Pre-Trade Analytics – preview execution cost and compare strategies and parameters side by side before trading
• Enhanced dynamic delta hedging – route hedge orders to a unified pool of perpetuals across exchanges instead of one named instrument
• New ‘Spaces’ trading screen layouts – create and share named trading screen layouts, with defaults by device type
• New OTC derivatives and loans support – book, price and track risk for forwards, vanilla options and loans in the Talos PMS
• New RFQ multi-token baskets – multi-token quoting for ETF cash creation and redemption workflows
• Automated liquidity provider settlement batching – trades batch automatically at the close of configurable trading windows
• Portfolio compliance alerts – automated email alerts and order-level approval blocks for Care Orders and Portfolio Engineering orders
• Real-time order status notifications – order alerts now reach external channels (Slack, email and Telegram), in addition to in-app and API

Analyses and articles

• "Execution Cost Savings by the Numbers: The Talos Quant Execution Insights Report 2026" – An analysis of more than 250,000 parent orders across 600+ assets traded on Talos during 2025, benchmarking algorithmic execution against arrival price and naive sweep benchmarks.
• "Before the First Fill: Quantitative Pre-Trade Analytics and the Agentic Future of Digital and Multi-Asset Execution" – Estimates execution costs in digital assets before trading.
• "Crypto ETPs Have Gone Global – The Infrastructure Hasn't Caught Up" – Examines how global crypto ETP AUM (an estimated $184 billion by end-2025) reflects a structural shift in institutional access and the regulatory frameworks governing it.
• "Finite-Sample Distortion Measures: Unified Risk and Gain via Scenario Weights" – A unified framework for quantifying downside risk and upside potential using finite scenario sets.
• "Hourly Market Invariants for Price Simulations in Digital-Asset Markets" – An empirically validated approach to building daily-horizon risk scenarios from 24/7 hourly data.
• "Backtesting Risk Measures for Digital Assets" – A practical framework for validating that VaR, CVaR, and their upside counterparts remain reliable as digital-asset market conditions evolve.

Talos Research

• Analyst Spotlight: Morpho
• Q2 2026 Market Update: Reversals, Rotations & Rates
• April 2026 Market Update: A Mixed Recovery‍
• Hyperliquid: Perps, Outcome Markets and USDC Yield‍
• Coinbase Q1 2026 Earnings: Diversification in a Down Market‍
• Inside the Microstructure of Aave Lending Markets‍
• Challenges of Including Long-Tail Assets in Crypto Benchmarks‍
• Crypto and The Quantum Clock‍
• Circle Scenario Analysis and KelpDAO's DeFi Liquidity Shock‍
• On-chain Vaults: Mechanics, Landscape and Risk‍
• Layer-1 Landscape: The Specialization of Blockspace

See the full archive →

Discussions and appearances

• "Bridging TradFi and blockchain: Advancing settlement solutions for institutional digital assets" – Article featuring Talos Senior Product Manager Anton Deshchenko examining core challenges for digital asset settlement.
• "Trading Digital Asset Derivatives at Institutional Scale – Infrastructure, Execution, and the Regulation Imperative" – Article featuring Talos Head of Strategy Drew Forman investigates how institutions and providers are navigating derivatives infrastructure.
• "Institutional Crypto Lending: A Field Report from Blockstories" on institutional adoption and market structure in crypto-backed lending featuring Talos Commercial Product Manager Thomas Kennedy.
• "The Infrastructure Behind the Institutional Adoption of Digital Assets" – Dutch TV broadcast featuring Frank van Zegveld, Head of EMEA Sales at Talos, on Ondernemerslounge.
• "APAC Firms Focus on Market Infrastructure Innovation" – FOW article featuring Talos Head of International Markets Samar Sen on why accessibility and manageability will outweigh pure product launches in crypto derivatives markets.
• "Institutional Trading for Tokenized Markets: Execution, Risk Controls, and 24/7 Market Access" – Fireside chat at REDeFINE TOMORROW 2026 featuring Talos Co-Founder and CEO Anton Katz and General Atlantic's Matthew Doerr on tokenization, institutional digital assets and the future of capital markets.

Awards

• Best Trading Infrastructure and Best Market Intelligence & Data Platform – BeInCrypto Institutional 100 Awards, held during Proof of Talk in Paris
• Best EMS Provider – Hedgeweek Global Digital Asset Awards
• Top 50 Digital Asset Institution – The Digital Banker's Top 50 Digital Assets Report 2026 (ranked 18th)
• Best Digital Assets Provider – Hedge Fund Services Awards | APAC

New integrations

• Hyperliquid 
• IMC 
• Netcoins  
• Bitstamp by Robinhood
• State Street – automate the full ETF creation/redemption workflow without manual file handling

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To find out more information about Talos and our solutions, request a demo with our team.

^{‍Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions}