SFOX, a crypto exchange prime dealer company, recently announced the addition of market and limit order types. Market and limit orders on the exchange are fully integrated with SFOX’s Smart Routing.
For traders this means:
- SFOX market orders jump between exchanges for better execution. Other market orders will go deep into an exchange’s order book to fill, costing users more in the process. SFOX’s market orders dynamically bounce between all major crypto trading venues to get you better trade execution.
- SFOX limit orders can pivot between exchanges for smarter execution. These limit orders won’t simply sit on a single order book hoping that the price on that particular exchange will reach a trader’s limit price: they’ll intelligently switch between exchanges based on which exchange has the best prices and highest likelihood of executing the order.
“In the six years that SFOX has been around, we’ve been laser-focused on building the most sophisticated trading algorithms available anywhere. Now, we’re thrilled to be rolling out market and limit order types that are powered by that very same advanced algorithmic technology.”
– The SFOX Team
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