Atlas ATS Teams Up with Perseus Telecom to Launch High Frequency Bitcoin Trading

Bitcoin trading may be taken to a whole new level as Atlas ATS, a trading exchange platform provider, collaborates with Perseus Telecom, who provides high bandwidth, low latency communications for worldwide trading.

The solution will establish a globally integrated exchange system in New York, Hong Kong and Singapore allowing for high frequency trading firms and other financial institutions to trade digital currency.

Until now, Bitcoin trading has been relegated to cloud-based exchanges over the internet. The speed of a trade was thus subject to the slowest link in the chain between the computers/servers involved and their connectivity to the world wide web.

Jock Percy, chief executive officer of Perseus says, "Now, institutional investors and banks can see that there are known players with the right pedigree engaged in bitcoin."

The partnership aims to get the best of both worlds of peaking interest in bitcoin trading and the advanced, regulated flavor of Wall Street. Other firms have also begun to leverage their experience and connections with the latter to get a foot up on the competition. Percy adds:

“Perseus offers high precision trading access in colocation centres worldwide and adding ATLAS ATS as a new and highly liquid platform is an immediate response to customers demanding Bitcoin trading. The Perseus Digital Currency Initiative is providing governance strictly supporting KYC (Know Your Customer) and AML (Anti-Money Laundering) principals.”

Atlas ATS CEO Shawn Sloves said that the integration across multiple locations will effectively create a global order book as opposed to the “regionally focused, very fragmented” bitcoin trading environment that is “not considered Wall Street grade.”

The Atlas ATS matching engine provides matches in 30 millionths of a second.

Coins are to be stored in "100% Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term", something not commonly found with today's cloud-based exchanges.

To be sure, it is unlikely that this advanced solution will be a game changer in increasing Bitcoin adoption amongst the broader financial community. It probably doesn't fall into the category of "if you build it, they will come". Cryptocurrency still needs to come a long way in terms of mainstream value for monetary transfer, security and stability before such advanced solutions find their niche.

The inherent volatility that is characteristic of cryptocurrency today is primarily a product of great uncertainty as to its value, not low Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, and therefore the solution should not help on this front. Furthermore, the extreme volatility may elicit an aversion from high frequency traders typically looking for more predictable opportunities. Perhaps the best bet for a surge in liquidity is the motivation provided by arbitrage opportunities waiting to be smoothed out.