Bitcoin and cryptocurrencies have been expanding and calling the attention of investors from different fields. But some institutional and wealthy investors do not find the proper platform to securely place their bets in virtual currencies.
Delitx, a provider algorithmic and automated trading solutions announced a new platform that would bridge the gap between institutional investors and the crypto market. The platform is known as CryptoCortex.
CryptoCortex – Bridging the Gap Between Institutional Investors and Cryptocurrencies
The new venture will be targeting broker/dealers, important exchanges, and institutional firms. All of these enterprises and customers faced very high barriers to enter a highly unregulated market. CryptoCortex will offer a much more convenient alternative. It will boasts separate configurations for each of these use-cases.
The product released will provide different tools for broker, dealers and exchanges. Specifically, these customers will have access to FIX and multi-cast data streaming capabilities, combined with REST and web sockets interfaces. Additionally to the flexible pricing engine, the presented solution will secure a stable connectivity to more than 15 venues.
At the moment, established and traditional financial markets are driven by important institutions and investors, while the crypto market is dominated by individual investors. During the last part of 2017, the Chicago Mercantile Exchange (CME), and the Chicago Board Options Exchange (CBOE), launched bitcoin futures trading for their clients.
Ilya Gorelik, CEO and Founder of Deltix, commented:
“We are extremely excited to release CryptoCortex to the market. We have a 10-year track record of providing systematic trading platforms to demanding institutional quant and algo trading firms in other asset classes. That experience perfectly positions us to bring CryptoCortex to the institutional crypto trading market.”
At the moment, Deltix has five institutional clients across the sell and buy-side firms. As the company was working with different sides of the cryptocurrency trading market, Deltix decided to create CryptoCortex.
“We already have five institutional clients across the sell-side and buy-side firms with many others in the pipeline. Since we are already working with all sides of the crypto trading ecosystem, we have constructed CryptoCortex from a unique perspective unavailable to the majority of other software solution providers.”