TradeStation Crypto to Utilize the Deltix CryptoCortex Platform for Institutional Investors
The TradeStation Crypto, one that has been considered to be the digital arm of the TradeStation Group has gone ahead to partner with the Deltix; this is to ensure they have integrated the CryptoCortex product suite accordingly.
One that has been designed to provide a dedicated platform that will be able to facilitate the crypto trading for the various institutional investors.
To be specific, the Deltix platform goes on to say that the CryptoCortex has been able to provide the dealers and brokers together with exchanges with the needed FIX and the multicast data to offer the best streaming capabilities, all this has been combined with the web sockets interface and the REST.
Not forgetting the flexible pricing engine is a solution that presently secures the use of stable connectivity that can be used to more than 15 venues.
There is more to be offered by the CryptoCortex
When we consider the buy-side firms, the platform has been able to provide a one-stop platform that can be used for the market data aggregation, backtesting of the environment, together with the execution strategy, and not forgetting the smart order routing and the advanced execution logs.
The company has ensured to offer separate configurations that can be used for each of these use cases. For the Deltix platform it already has about five institutional clients who are already making use of the platform; this is including the buy-side and the sell-side type of firms.
At the same time, the US subsidiary of the Japanese financial services, the Monex Group, is planning on launching their new crypto services later on this year, something we should look forward to.
With the new offshoot, the TradeStation will be able to leverage on its brokerage industry expertise to be able to address exactly what they think could be the main concerns and the main weaknesses that are within the current crypto ecosystem.
Monex is expanding into the Crypto space
Monex has been of great assistance to Coincheck, and after they have been able to assist the platform remains in business the Monex has decided that they will venture into a more attractive market, this is through the crypto focused subsidiary that is of their US subsidiary arm.
At the moment there is no specific timeframe that has been set for the launch of their new platform, but the company had already filed for the money service business registration with each of the state regulators.
With the MTL, Money Transmittal Service, it will allow the avenue to easily offer both the fiat to crypto trading and the crypto to crypt trading options.
John Bartleman, who is the President of the TradeStation, went ahead to comment on the news stating that their main focus is on the traders and offering them the needed tools of the trade to succeed in the market.
“Our focus will be to provide the tools and services that serious traders require to trade across multiple asset classes, including crypto, and we believe Deltix’s platform and technology will be a valuable resource to support these crypto market efforts.”
The CEO of Deltix, Ilya Gorelik went on to also say that with the alignment of both companies the crypto space should be able to bring the next new level of maturity and even sophistication that has been much needed in the market. With both companies, they are bringing together several years of expertise to the nascent asset class.
The company is planning on using the TradeStation and CryptoCortex to ensure their users have easy access to the multiple sources of smart order routing, liquidity together with algo execution.