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Talos integrates with Kalshi to trade event contracts and perps
The partnership will let select institutional clients route Kalshi trades through Talos’ existing infrastructure and use algorithmic order types like Iceberg and TWAP.
Institutional crypto trading platform Talos has integrated with prediction market operator Kalshi, enabling select clients to trade Kalshi event contracts and crypto perpetuals through Talos’ existing trading infrastructure, without requiring a separate connection. Cointelegraph says the setup also includes multi leg execution for perp to perp and perp to spot spread trades.
Talos plans to offer algorithmic order types including Iceberg, TWAP and POV. The company also said clients can execute block trades in Kalshi contracts using Talos’ request for quote platform, supported by participating OTC liquidity providers.
Later this year, Talos intends to extend its dealer software to brokers and other trading platforms, with the goal of allowing them to offer Kalshi event contracts directly to customers where permitted. It also plans to launch a unified prediction market data feed to standardize events, trades, order books, open interest and implied probabilities across venues, Cointelegraph reported.
Cointelegraph notes the integration comes as prediction markets see record trading activity and more institutional interest. It cites CoinGecko data showing notional trading volume of $113.8 billion in the second quarter, up 48.7% quarter over quarter, with June notional volume at $52.8 billion, a new monthly record.