SFOX, a prime cryptocurrency trading venue, today introduced the next phase of its Smart Routing Technology with Net-Price Routing (NPR); which now enabled on all SFOX accounts.
NPR will offer access to more liquidity providers and ultimately; access to the best price point for every crypto trade they make, all from a single account. This systemwide update will initially provide users with 28% lower trading fees.
Better Trades with Net-Price Routing
Net-Price Routing (NPR) makes SFOX’s smart-routing algorithms better by executing trades on the best available venues and best net price; the price traders actually pay when all the fees exchanges charge are taken into account.
NPR provides four new benefits for traders to enjoy:
- 28% off SFOX trading fees. By enabling OTC markets and other markets with lower fees; the cost of filling orders goes way down. That means 28% savings that SFOX can pass directly on to users.
- Deeper liquidity and lower crypto asset prices. By adding OTC markets and additional trading venues, NPR gives traders deeper liquidity and less market impact every time you trade.
- Faster trade execution. With more comprehensive price accounting and more liquidity providers added to SFOX’s integrated order book, NPR means that traders may see their orders fill even faster than they did before.
- More savings as the SFOX trading network grows. NPR is the first step in transforming SFOX from a crypto trading platform into a “community of traders that trades better together.” As the network of SFOX traders continues to grow, users will save more money on every trade made as a result of decreasing operational costs.
“Back in the early days of the asset class, discovering the best prices for crypto assets was a challenge because the overall market was fractured across hundreds of different trading venues, each of which with its own prices. That’s why SFOX developed Smart Routing for crypto: a way of leveraging advanced algorithms to route traders’ orders to the trading venues that have the best chance of filling those orders at the best possible price point. Perhaps what’s most exciting about NPR is that it will allow us to save you more money as our community of traders grows and trades more on the SFOX platform. We’re confident that this will make your trading experience even better in the weeks, months, and years to come.”
– The SFOX Team