eToro’s cryptocurrency division eToroX on Wednesday announced the launch of its institutional-grade application program interface (API) trading program.
Dubbed AlgoX Prime, the API is designed to meet the requirements of institutional traders with eToro’s liquidity pool and tight spreads. This will cater to both the traders of mainstream instruments and crypto assets.
Commenting on the new API, Doron Rosenblum, eToroX’s managing director, said: “AlgoX Prime, our new API trading program, offers sophisticated trading capabilities to institutional and corporate traders. We believe that it will open the door for institutional traditional financial algorithmic trading companies to trade crypto assets, and by doing so, greatly increase market liquidity.”
A versatile product for algo trading
The announcement also detailed that the new product will enable direct access to eToroX’s data centers to offer a high-quality and low-latency colocation service to institutional traders. The company is also boasting competitive fees for the product and will also offer a free enterprise-grade market data package. Read More at FinanceMagnates...