A major institutional custody provider is ramping up its OTC trading operations by adding derivatives capabilities. The platform now enables clients to trade derivatives while keeping their collateral safely held in regulated custody—a setup that appeals to risk-conscious institutions. The company recruited Tim Kan, a seasoned trader who previously ran quantitative strategies at QCP Capital, to build out this new desk. The derivatives trading desk went live in February 2025, positioning the firm ahead of its anticipated public listing later this year. This move reflects growing demand from institutions wanting to access leverage and hedging tools without compromising on security standards.