The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

TradeStation Crypto Prepares Next-Gen Trading Platform Powered by Deltix CryptoCortex

TradeStation Group subsidiary TradeStation Crypto will use Deltix’s CryptoCortex solution in its next crypto platform, which is designed to target traders seeking improved price discovery and deeper liquidity.

TradeStation Crypto plans to leverage Deltix’s CryptoCortex solution for its crypto brokerage business and aims to deliver better execution prices for traders’ cryptocurrency orders. CryptoCortex will allow TradeStation to handle price discovery and algorithm execution, and offer multiple sources of liquidity, helping the company to manage fragmented liquidity pools and maturing crypto markets.

James Putra, head of product strategy at TradeStation, says: “The general lack of mature infrastructure and disjointed market structure creates challenges for firms like TradeStation Crypto that are trying to approach the crypto markets. We face similar challenges as crypto customers, it’s hard to find trusted and mature firms to engage with. When TradeStation Crypto looked to enter the crypto brokerage business, we had a choice to make, should we build our own solution or leverage a battle-tested system. And that’s what we saw with Deltix, that has been around since before crypto.”

Deltix has deployed quantitative and algorithmic trading solutions at 200 buy-side and sell-side institutions for over a decade. One of its strengths is in discovering price and liquidity, which has become applicable to cryptocurrency markets.

Related content


Upcoming Webinar: Integrating Intelligent Machine Readable News

Date: 30 November 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Intelligent machine readable news is a powerful tool in the arsenals of trading and investment firms seeking competitive advantage. It turns unstructured data into actionable insight and can be used, for example, to uncover market trends, identify correlations and...


The Capital Markets Enterprise 2021: Digitalizing for Competitive Advantage

By Nathan Snyder, Head of Banking and Capital Markets Consulting, DXC Luxoft. Many financial institutions find themselves at a crossroads as they take stock of concerns about their ongoing financial viability. As they attempt to return to some semblance of normal in the wake of the pandemic, many banks need to decide how to respond to the...


RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.


Entity Data Management & the LEI

Just over a year since the Financial Stability Board handed over leadership and direction of the interim Global Legal Entity Identifier System – or GLEIS – to the Regulatory Oversight Committee (ROC) of the LEI the entity identifier is being used for reporting under European Market Infrastructure Regulation. This report discusses recent developments in the...