AlgoTrader, the Zurich-based developer of algorithmic trading software for quantitative hedge funds, including an early automated trading solution for Bitcoin and other cryptocurrencies, has released its AlgoTrader 4.5 solution. This version of the software incorporates direct cryptocurrency exchange adapters, and offers live market and reference data, order management for all order types, and automatic deposit and withdrawal of funds for crypto exchanges such as Binance, Bitfinex, Bitstamp, Bitflyer and BitMEX.
AlgoTrader say this will allow clients free and faster access to market data without having to subscribe to third-party intermediaries that add latency and expense to cryptocurrency trading. Access to data from exchanges not natively supported by AlgoTrader will be provided by CoinAPI, a new service that delivers a unified interface to real-time and historical market data from a broader range of crypto exchanges.
The software also allows clients to automatically download cryptocurrency data directly into AlgoTrader from CoinAPI and CoinMarketCap, including historical data, which means AlgoTrader clients don’t need to maintain their own history of market data. The platform also includes new built-in TWAP and VWAP algorithms based on proprietary adaptive pricing logic. Currency code mappings on the AlgoTrader 4.5 platform will be used to cater for the different symbols used by each exchange and fees can be configured as a percentage of the traded amount.