Finix Solutions, an automation provider for all activities surrounding alternative asset transactions, and CoinRoutes, a provider of algorithmic trading strategies and market data for crypto/digital assets, have announced a strategic partnership whereby both partners are jointly marketing their products as extensions to their platforms.
The partnership will commence with Finix’s deployment of CoinRoutes’ Smart Order Routing (SOR) platform to provide Finix clients with immediate and intelligent electronic access to over 40 crypto-asset trading exchanges.
CoinRoutes will include the product suite from Finix Solutions as extensions for institutional clients needing cost-effective digital assets trading, administration, and custody.
Finix Solutions will market CoinRoutes’ digital-asset SOR that delivers smart routing to achieve the best aggregate price across all selected crypto exchanges immediately. The platform provides aggressive and passive algorithmic strategies allowing clients to trade while retaining complete control over their exchange keys and wallets.
The algorithmic trading suite is informed by the full order books of all crypto exchanges and includes:
- SmartPost to intelligently capitalize on exchange economics
- Scheduled algorithms to ensure trading is completed within a time period
- Time Weighted Average Price algorithms to trade uniformly throughout a period
All trading can be subdivided into individual users or strategies. Trading strategies can be assigned limits which are enforced throughout. Margin trading, including allocation of available loans to traders/strategies, is supported.
“The partnership with CointRoutes to deliver Crypto SOR is another step in deploying intelligent solutions that simplify cryptocurrency trading for our global clients. Our partnership with CoinRoutes allows brokers/dealers, traders, and enterprise treasury management to leverage sophisticated SOR and algorithmic strategies to achieve the best execution.”
CoinRoutes will market Finix Solutions’ blockchain platform for digital asset custody. Built on distributed ledger technology (DLT), the platform enables everyone — investors, advisors, broker-dealers, exchanges, and fund custodians to interact, transact and administer securely and in a near-real-time mode. Finix has already delivered its platform to chartered custodians that administer billions of dollars in alternative assets.
“We are very pleased to be working with Finix to deliver efficient electronic access to crypto-asset exchanges and to provide digital asset custody solution that’s frictionless, secure and cost-effective. As Finix is a trusted leader in the FinTech space, we are excited with our joint capabilities in providing innovative solutions that continue to transform the industry.”