InvestorNewsBreaks – AlgoTrader Provides Best Execution for Digital Assets in Increasingly Complex Space

February 8, 2021 12:46:19

AlgoTrader bridges the technological divide between digital and traditional assets in a trading world that has become more and more complicated. In the past several decades, it has become common for a single financial product to be traded through multiple different venues. Consequently decisions about order routing have become more crucial. An example of changes made in the space include the EU’s enactment of the second Markets in Financial Instruments Directive (“MiFID II”). With the goal of bringing greater transparency to the ways that investment firms execute orders on behalf of clients, MiFID II outlined a range of new reporting obligations for investment managers and firms. As a result, execution data from multiple venues now must be monitored, collated and stored in a way that makes it easily accessible for analysis reporting. Traditional assets gather this data exchange through the Financial Information eXchange (“FIX”) protocol, an internationally recognized standard for exchanging this type of data. Digital assets, however, are another story. The digital asset market has no digital asset exchange that is accepted in each territory, and no common communications protocol has been implemented for exchanging digital asset market and trading data. AlgoTrader bridges the technological divide between digital and traditional assets by building and maintaining secure and reliable adapters to an ever-increasing range of liquidity venues covering both digital and traditional assets.

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About AlgoTrader

AlgoTrader is a Java-based algorithmic trading platform that enables trading firms to rapidly develop, simulate, deploy and automate any quantitative trading strategy for any market. Designed by industry experts, it gives users maximum control of high-speed, fact-based trading for consistent, superior results. For more information about this company, please visit www.Algotrader.com.

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