Cryptocurrency trading platform provider XTRD has called upon Avelacom to provide connectivity and IT infrastructure for low latency access to major crypto exchanges.
The Avelacom network will deliver sub-millisecond market data and order routing to XTRD to help aggregate liquidity across exchanges in Asia, Europe and the US. The partnership will allow arbitrage trading strategies at the top ten Asia cryptocurrency exchanges, including BitMEX, Binanace, Huobi and OKEx.
“Our team has over 30 years of experience building robust, battle-tested trading systems in FX, equities, derivatives, and other instruments,” said Serg Gilko, XTRD’s chief technology officer and founder.
“Definitely our aim in cryptocurrency markets is to provide the same grade solutions for our investor clients. Avelacom came up with a solution that helps to improve market data services and allows us to provide our institutional clients with best-in-class services in crypto markets.”
Avelacom added that throughout this year, market makers and trading firms have actively entered the crypto space, bringing the need for professional IT infrastructure for high-speed and reliable connectivity to crypto exchanges.
“We found a big gap between the demands of our institutional clients and the typical solutions provided over the Internet,” Aleksey Larichev, managing director at Avelacom, commented.
“Web-based applications will never meet the expectations of institutional investors. We are best known for working with global market makers and HFTs, so it was natural for us to adapt our IT infrastructure for institutional crypto trading. We are glad to be part of the crypto evolution and to help shape it into a more developed and professional-grade market.”