Deltix Launches CryptoCortex, Institutional Grade Cryptocurrency Platform

Deltix, a provider of algorithmic and automated trading solutions, has released a new platform to ‎facilitate cryptocurrency trading for institutional ‎investors, ‎dubbed “CryptoCortex.”‎

The new venture ultimately targets broker/dealers, exchanges, and ‎institutional buy-side firms, which have faced high entry barriers to ‎crypto ‎trading. CryptoCortex offers a much more convenient ‎‎alternative as it boasts separate configurations for each of these ‎use-cases.

The new product suite provides a set of tools that can be used separately ‎and are also compelling when used in their integrated fashion.‎

Specifically, Deltix‎ says CryptoCortex provides broker/dealers and exchanges with FIX ‎and multi-cast data streaming capabilities, combined with REST and web sockets ‎interfaces. And in addition to its flexible pricing engine, the solution presently secures a ‎stable connectivity to more than 15 venues.‎

For buy-side firms, CryptoCortex provides a one-stop platform for ‎market data aggregation, execution strategy, and back-testing environment, as well as ‎smart order routing and advanced execution algos.‎

Both sides will also benefit from transaction cost analysis (TCA) tools and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term ‎capabilities.‎

‎Unlike established financial markets, cryptocurrency ‎trading is dominated by ‎individual investors, which is ‎evident by almost every metric, including the sharp price ‎swings.‎

Institutional investors and trading firms were eager to ‎actively trade ‎these instruments following the launch of ‎Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures contracts ‎by two of the leading futures ‎exchanges in the US.‎ Even though the Cboe and CME ‎futures have allowed digital currencies to ‎step into the ‎mainstream financial system, the big players were‎ ‎challenged by lack of institutional-grade technology to ‎‎support them.‎

Commenting on the new product, Ilya Gorelik, CEO and ‎Founder of Deltix, said: ‎“We are extremely excited to release CryptoCortex to the market. We have a 10-year ‎track record of providing systematic trading platforms to demanding institutional quant and ‎algo trading firms in other asset classes. That experience perfectly positions us to bring ‎CryptoCortex to the institutional crypto trading market.”

He continued: “We already have five institutional clients across the sell-side and buy-side firms with many others in the pipeline. Since we are already working with all sides of ‎the crypto trading ecosystem, we have constructed CryptoCortex from a unique ‎perspective unavailable to the majority of other software solution providers.”‎