EMX, an institutional-grade crypto futures trading ecosystem including commodities, currencies, and equities this week unveiled its private beta program as it gets set to launch live. The EMX solution enables traders to post collateral to one platform and trade global contracts.
The EMX team says it is committed to continuously refining their product and adding new features to delight users. They have released an ambitious roadmap with a new trading competition slated to begin in about a month and the non-US exchange is set to launch in early 2019.
With EMX (EverMarkets Exchange), traders can diversify their portfolio by spreading capital across multiple positions, long or short. They will be able to employ advanced strategies to hedge and manage risk against price swings.
The EMX Beta introduces a sleek, modern, and powerful trading interface — and stable and performant exchange — to the crypto and traditional derivative trading market. Users are presented with a clearly visible search bar to quickly find contracts, including Bitcoin, Ethereum, and Litecoin at the top of the trading interface. Once selecting a contract, users easily view price details including the last traded price and easy positioned “Buy” and “Sell” buttons.
Also at the top near the right, users can check their maintenance and initial margins, Day P/L, Open P/L, and roll over to view a snapshot view of their account with additional balance details in Account Summary. The team focused on striking a balance to bring forth pertinent account information for a day trader without cluttering the interface for less frequent traders.
On the left, users are able to create a watchlist and add contracts to monitor real-time prices. Once a user has set contracts on their watchlist, they can also pull up charts in the center with a variety of customization options including time period, display style, and study selections. Towards the bottom right-hand corner of the chart, click on “+ Compare” to easily compare two different contracts, such as Bitcoin Cash and Litecoin.
One of the unique features of EMX is a matching engine built using frequent batch auctions. Within an auction period of 250ms, there is no benefit of “racing” to get orders into the auction ahead of other traders as orders are matched purely on price for a more fair, accessible, and uncomplicated trading experience for all. The beta signup is now open for interested users.