Firms Prepare Infrastructure for Institutional Crypto Trading

As the cryptocurrency market continues hemorrhaging cash, institutional trading infrastructure providers continue going against the trend. Firms are relying on the fact that the downturn in the market is merely an opportunity to create adequate trading conditions for new institutional crypto players to enter the next wave higher.

Today network service provider Avelacom announced that it is partnering with XTRD to deliver the next generation of infrastructure for institutional crypto market players. The companies are timing up to deliver high-performance connectivity across multiple crypto exchanges.

The partnership is aiming to provide institutional crypto market players with reliable and fast access. According to Avelacom, traders will get sub-millisecond market data. The company’s network will also provide order routing, delivered over its network to help XTRD to aggregate 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 across different cryptocurrency exchanges in Asia, Europe, and the US.

Crypto via FIX API FIX API The Financial Information Exchange (FIX) API is a set of clearly defined rules and methods which are used to execute electronically transfers of any financial data. The protocol is widely adopted by the industry and is used by both retail and institutional traders, but mostly by the more professional-oriented side of the industry. Moreover, the protocol is supported by the FIX Trading Community which is a non-profit, industry-driven standards body. The company is regularly updating the protocol The Financial Information Exchange (FIX) API is a set of clearly defined rules and methods which are used to execute electronically transfers of any financial data. The protocol is widely adopted by the industry and is used by both retail and institutional traders, but mostly by the more professional-oriented side of the industry. Moreover, the protocol is supported by the FIX Trading Community which is a non-profit, industry-driven standards body. The company is regularly updating the protocol Read this Term

XTRD has been at work to deliver traditionally strong financial sector technologies to the cryptocurrency markets. The company’s goal is to provide aggregated liquidity via a unified FIX API. The popularity of the technology in the institutional space is said to be prompting some heads to turn.

XTRD has also been developing trading platforms and has experience with handling of market data, execution, clearing, colocation, and all facets of high frequency and DMA trading infrastructure.

The partnership is aimed to provide high-grade institutional crypto players like banks, hedge funds, and large institutional traders to traditional financial exchanges and ECNs. The cryptocurrency sphere is offering vast arbitrage opportunities which have been one part of the massive trading opportunities in the space.

Commenting on the partnership, between Avelacom and XTRD, the Managing Director of the network service provider, Aleksey Larichev said that the company found a big gap between the demands of its institutional clients and the typical solutions provided over the Internet.

“Web-based applications will never meet the expectations of institutional investors. We are best known for working with global market makers and HFTs, so it was natural for us to adapt our IT infrastructure for institutional crypto trading,” Larichev explained.