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According to Bloomberg, Rulematch, a Zurich startup co-founded by former Credit Suisse private banking executive David Riegelnig, has launched a crypto trading platform exclusively for financial institutions. Its target customers include banks and securities firms. Rulematch currently supports trading in BTC and ETH and is open to customers in most of the European Union, the UK, and Singapore. The company has raised $14 million from investors including ConsenSys Mesh, Flow Traders, and FiveT Fintech, and is in the process of a new funding round. Positioned as a pure trading platform, it does not provide custody and allows participants to settle trades on a daily net basis. The company’s first batch of clients includes 7 banks and securities firms, and at launch it specifies the market makers as Flow Traders and Bankhaus Scheich Wertpapierspezialist.