smartTrade Technologies has added cryptocurrencies to its FX Trading Platform, LiquidityFX (LFX), providing connectivity to major cryptocurrency exchanges and allowing users to leverage the LFX aggregation system to obtain a normalised view of cryptocurrency liquidity, place orders and manage algorithms with Smart Order Routing (SOR) logic in a transparent manner.
The company has also made other LFX functionalities such as pricing engines, price distribution, auto-pricing and auto-hedging, order management, hosting, colocation, analytics and trade cost analysis available for cryptocurrencies.
David Vincent, CEO at smartTrade, says: “Where inquiries and discussions in 2017 were mainly related to Bitcoin, we are now starting to see an increasing interest from institutions to be able to trade multiple cryptocurrencies. So, we decided to invest in connectivity to various crypto exchanges and provide our users with electronic trading access to hundreds of different cryptocurrencies.”
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