Gold-i Enhances Crypto Offering with CryptoCortex IntegrationJanuary 8, 2021
Gold-i, a trading systems integration specialist for the financial services industry, continues to undergo more updates and integrations that are designed to make its CryptoSwitch 2.0™ solution more dynamic for cryptocurrency providers.
In this sense, the company today announced a partnership agreement to integrate CryptoCortex product suite, which provides a dedicated platform to facilitate cryptocurrency trading for institutional investors.
Developed by EPAM Systems (formerly Deltix), CryptoCortex provides broker/dealers and exchanges with FIX and multi-cast data streaming capabilities, combined with REST and web sockets interfaces. And in addition to its flexible pricing engine, the solution presently secures stable connectivity to more than 15 crypto venues.
Gold-i said the integration was made following a request from one of its clients who wanted to use the CryptoCortex platform to access liquidity from Hehmeyer and Shift Markets via its Crypto Switch™ 2.0 – part of Gold-i’s Matrix product suite. The product operates as an advanced platform that allows brokers, crypto exchanges, liquidity providers, and market makers to maximize a range of opportunities.
Furthermore, clients can access deep and diverse pools of liquidity with a fully cleared crypto solution. Additionally, Crypto Switch™ 2.0 can be seamlessly integrated into any trading platform via a FIX API or other standard protocols.
For buy-side firms, CryptoCortex provides a one-stop platform for market data aggregation, execution strategy, and back-testing environment, as well as smart order routing and advanced execution algos. The platform offers separate configurations for each of these use-cases.
Commenting on the news, Gold-i CEO Tom Higgins said: “As digital asset trading continues to gain momentum amongst brokers, Prime of Primes and hedge funds, a key part of our strategy is to ensure that the cryptocurrency liquidity available through Gold-i’s liquidity management platform is easily accessible, regardless of which trading platform clients are using. CryptoCortex is one of the most advanced platforms for digital asset trading, therefore integrating with them was a logical step for Gold-i.”
“We are delighted to partner with Gold-i to provide our customers with real-time, event-driven processing and analytics that not only meets their essential needs but also delivers actionable intelligence. Financial markets are among the fastest moving markets around, and with cutting edge tools – like CryptoCortex – that make data readily available, customers can quickly implement the best decisions possible,” added Ilya Gorelik, VP of Real-Time Computing Lab at EPAM.
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