Exegy, Inc., a trading solutions provider for the capital markets, has broadened its crypto derivatives coverage for the Metro professional trading platform. The company has added integration with the products and services of the Deribit crypto exchange. From now on, Deribit's customers will be able to take advantage of the pricing, execution, and risk management capabilities offered by Metro.

Exegy's Metro Expands Capabilities to Meet Growing Demand

According to the CEO of Exegy, David Taylor, the move to include Deribit was primarily driven by the rising demand from existing and potential Metro users. It aligns with Exegy's objective to introduce professional options trading functionality into the crypto options market. In addition, Exegy wants to bridge the gap between traditional and crypto derivative exchanges.

"Deribit is a vital market for professional crypto options traders," Taylor commented. "Our global customers need the same performance and functionality on Deribit that they enjoy on traditional derivatives exchanges."

Exegy's Metro platform offers professional traders additional tools, such as dynamic volatility surface modeling, risk analysis and execution. As Robert Kallay, the Director of Automated Trading Solutions at Exegy, explained, Metro clients can access Deribit's real-time crypto options, futures book data, and implied volatility surfaces.

"And then when they are ready, they can execute trades on Deribit directly through Metro," he added.

With a focus on user experience, Metro offers an intuitive interface and comprehensive training and support from Exegy. This mainly benefits traders engaging in the over-the-counter (OTC) and call-around markets.

Exegy is excited to announce the addition of @Deribitexchange, the world’s largest cryptocurrency options exchange, to the Metro professional trading platform’s covered crypto derivatives markets. https://t.co/BVQoEojQkE#cryptoderivativespic.twitter.com/fZcme6Gziq

— Exegy (@ExegyInc) June 20, 2023

Exegy Integrates Third Exchange Offering Crypto Derivatives

This development means that the Metro platform has expanded its support for trading crypto derivatives. Previously, it supported Ledger X and CME, and now it has added support for Deribit as well.

"Exegy is committed to bringing Metro's institutional-grade trading capabilities to crypto-native exchanges like Deribit," Taylor added. "We will continue to add new cryptocurrency exchanges as institutional interest in crypto derivatives grows."

On top of that, Exegy has announced the appointment of new executives to its C-Suite. In March, David Taylor was promoted to the position of the CEO, Peter Feret was appointed as the new CFO, and Jason White was elevated to the role of CTO. In addition, the company partnered with Bookmap, to offer a real-time market data feed for US futures and equities under the brand ‘OmniFeed'.

In a separate move, Deribit has launched futures contracts to facilitate BTC volatility trading. It has become the first crypto derivatives trading product of that type that is priced and settled in the USDC stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term.