We are pleased to announce the launch of new data feeds for eight (8) most popular cryptocurrencies. According to CoinMarketCap, the total market capitalization of all cryptocurrencies recently reached an all-time high, passing $60 billion.
The launch of this new data feeds, and liquidity for cryptocurrencies by Match-Trade is in line with the rise of cryptocurrencies as an innovative asset class for brokers and institutions experiencing increasing demand for cryptocurrencies on their platforms
. Like other offerings, Match-Trade has based this new feature on its proprietary matching engine technology. The Company can provide direct feeds and liquidity for the most popular cryptocurrencies such as Bitcoin, Litecoin, Ripple, Dash or Ehterum.
Match-Trade has the technological ability to provide aggregated feed from exchanges which is adjusted to FX brokers conditions. The liquidity for cryptocurrencies is based on real volumes from selected and trusted crypto exchanges such as Bitfinex, Bitstamp, Gdax, and Poloniex. Match-Trade’s proprietary technology ensures the best quality execution and speed of price streams for this new instrument.
Match-Trade cryptocurrencies feed streams are available in three (3) different formats, via FIX, MT4 unifeeder, and Match-Trade system protocol. Traders connected to streams through FIX and Match-Trade system will receive feeds with market depth, which allow them to assess the market conditions before executing the transaction. Match-Trade can also provide fully automated B-Book execution option based on the Market Depth liquidity.
The most important features of Match-Trade Data Feeds:
- Feed and execution for eight cryptocurrencies including BTC, LTC, Ripple, Dash, Etherum
- Low latency Data Feeds for FX and CFD instruments
- Data feeds available via FIX or MT4 unifeeder protocol
- FIX Data Feeds with five levels of Market Depth
- Unique source of prices from internal ECN market
- B-Book Execution based on Matching Engine technology
- We are pleased to announce that this data deeds & execution for eight cryptocurrencies solution is available for all existing and new Match-Trade clients and servers.
Imran Firoz elaborated about the company and development plans in a featured interview
for leaprate website.
This week LeapRate caught up with Imran Firoz, Managing Director (pictured above) of US-headquartered Match-Trade Technologies
, a global Forex brokerage software provider. His early experience in the FX industry was as the Chief Financial Officer of a brokerage firm where he provided financial oversight to accounting & finance departments of the company and advised the Board of Directors.
He joined Match-Trade in February 2014 as its Managing Director and is responsible for its corporate development and strategic planning. The Company was formed in March 2013, with the primary purpose of creating an open, and transparent ECN trading system. Match-Trade dedicated its first two years of operation to develop this proprietary trading system.
The Company has recently expanded with a European office in Poland
and is geared to continue generating and supporting innovative services like its newly launched multi-level IB portal to help FX brokers manage their day-to-day operations in a winning fashion, the full interview follows.
LeapRate: How has the market response been to the company’s new ESMA/MIFID II compliance services launched last month?
Imran Firoz: As you know, Company’s mission has always been to deliver an open, transparent and fair trading system to FX/OTC market participants. As a result, we were in a strong position to timely launch our ESMA/MIFID II compliance services which provide dedicated solutions to meet the best execution policy requirements described in the MIFID II documentation and guidelines published by ESMA. We have received positive feedbacks from several brokers and closely working with them to ensure full compliant by end of 2017.
Our independent BBO (Best-Bid-Offer) feed aggregates prices from various liquidity sources in our proprietary matching engine and can be used as a reference market price point. This system will enable the brokers to prove that trade execution is in line with the real market prices. Further, our solution can automate verification of brokers’ price feeds before the trade execution takes place. This solution addresses the requirements of best execution policy as described in the new ESMA/MIFID II regulations.
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