Mainbloq Launches Algorithm Suite for Crypto Trading

Cryptoanalysis company Mainbloq has launched a suite of cryptocurrency trading algorithm to automate the trading process.

Mainbloq has kept the suite versatile considering the broad spectrum of the crypto trading market. The company’s algorithm can be used within its proprietary order management system. It has also launched API support, which will enable the algorithm to be integrated into any third party OMS or EMS, as detailed in the April 4 announcement.

Commenting on the new product, Peter Bordes, CEO of Mainbloq, said: “Our mission is to bring the sophistication of the street to digital assets and to us, that means creating the best tools in the world and putting them in the hands of traders, wherever they trade.”

Automating Crypto Trading

Earlier this year, the New Jersey-based company introduced a streaming smart order router for trading digital currencies. To enable fast Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of each order, the router has direct market access via streaming connections to exchanges.

The router, according to the company, has connections to over 100 crypto exchanges and can trade over 30,000 crypto trading pairs.

“First we built the world's best crypto smart order router,” Bordes said. “With the launch of our algorithm suite we’ve created another ‘block’ in our vision for a best-in-class Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based modular platform joining data, tools, research, and insights for digital assets. Crypto is getting more sophisticated,” he added.

Currently, the suite offers eight different algorithms including TWAP, VWAP, Basket, THOR, and Iceberg. Moreover, the company has plans to include more options for algorithms in its offering.

“The most important thing to remember is that not all algos are created equal,” Marc Deveaux, Mainbloq’s CIO, said in the statement. “That's why we've assembled a team of street veterans with experience crafting algorithms for some of the most successful shops. We've created your typical algos like TWAP and VWAP, but we've also crafted custom algorithms that you can't find anywhere else.”