Avelacom, a connectivity and IT infrastructure solutions provider for the financial services industry, has partnered with XTRD to provide ultra-reliable and low latency access to all major crypto exchanges globally.
Sub-millisecond market data and order routing, delivered over the Avelacom network will help XTRD to aggregate liquidity across exchanges in Asia, Europe and the US in the fastest way. Banks, hedge funds and large institutional traders can easily access new markets in addition to traditional financial exchanges and ECNs. In particular, this partnership enables improved arbitrage strategies across top ten Asian cryptocurrency exchanges such as BitMEX, Binance, Bittrex, Huobi and OKEx.
During 2018 global market makers and professional trading institutions have actively entered the cryptocurrency space. As this market becomes increasingly institutionalised, traders are looking for professional IT infrastructure that provides high-speed and reliable connectivity to crypto exchanges, enabling them to execute orders with guaranteed uptime availability.
Aleksey Larichev, Avelacom’s Managing Director, says, “We found a big gap between the demands of our institutional clients and the typical solutions provided over the Internet. 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.”
Serg Gulko, XTRD’s CTO and Founder, says: “Our team has over 30 years of experience building robust, battle-tested trading systems in FX, equities, derivatives, and other instruments. 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.”