Today, TradeStation Group, Inc. and Deltix, Inc. jointly announced an agreement through which TradeStation Group’s subsidiary, TradeStation Crypto, Inc., will utilize the institutional crypto-trading platform CryptoCortex, provided by Deltix, for the launch of the TradeStation Crypto offering.
Although final details of the offering will not be released until later this year, TradeStation Crypto intends to provide an online brokerage service focused on cryptocurrency traders and investors. By introducing the Deltix platform to a fragmented crypto market, TradeStation Crypto intends to target traders seeking improved price discovery and deeper liquidity.
With plans to connect to multiple liquidity providers after the service is launched, the platform will seek to achieve better execution prices for TradeStation Crypto traders’ cryptocurrency orders.
“We believe investors and traders are seeking ways to access and trade cryptocurrency products similar to the way they trade traditional capital markets – and through a trusted and familiar brand and company. 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. TradeStation Crypto’s product offering should be a major leap forward in our ability to offer customers access to the next generation of assets for active trading under the TradeStation brand.”
The launch of TradeStation Crypto is the culmination of an aggressive push into the space that began in 2017, when TradeStation Securities, Inc. was among the first online brokers to add support for real-time market data for Bitcoin indices sourced by Cboe Global Markets and CME Group, and later to offer support for market data and order execution when CME and Cboe Futures launched their respective Bitcoin futures contracts. TradeStation was also among the first to provide its clients with real-time market data in its trading analysis platform for four of the world’s most popular cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
“Deltix’s alignment with TradeStation Crypto should bring a new level of maturity and sophistication to the crypto trading space. Together with TradeStation, we bring many years of meaningful expertise to a nascent asset class. Using CryptoCortex, TradeStation Crypto users should, as liquidity provider connections and advanced features are added over time, have access to multiple sources of liquidity, smart order routing and algo execution.”
For the past 14 years, Deltix has been deploying quantitative and algorithmic trading solutions at 200 buy-side and sell-side institutions for equities, futures, options, FX and synthetic instruments. In 2017, Deltix applied its core technology to the crypto markets and introduced CryptoCortex, bringing advanced institutional analytics and execution to digital asset trading.