NEW YORK, NY, June 07, 2022 (GLOBE NEWSWIRE) — Apifiny® (https://www.apifiny.com/), the global cross-exchange digital asset trading network, today announced the launch of Apifiny® Algo, an advanced performance crypto trading library in C++ for High Frequency Trading (HFT) and latency sensitive traders. The trading library is being rolled out with global cryptocurrency exchange Okcoin as Apifiny’s flagship partner, with Okcoin clients receiving free subscriptions to the high performance quant trading modules Apifiny Algo offers.
According to the Global Crypto Hedge Fund Report 2021, 21 percent of traditional hedge fund managers also actively invest in digital assets, using quantitative and algorithmic investment strategies for trading cryptocurrencies. Apifiny Algo offers modules for direct market data access, order management and a strategy framework for trading algo implementation, reducing significant coding effort. It also addresses several pain points faced by quant traders, including coding effort, performance of existing libraries (Python vs C++), research capabilities and trading strategies implementation. Apifiny Algo offers the highest speed on market data processing and order placing. Its strategy framework is new in the market which allows traders to implement trading strategies with Apifiny and 3rd party strategy components.
“Since trading strategies are not universal, HFT traders need smart solutions that go well beyond the average trading bot,” said Haohan Xu, CEO of Apifiny. “We identified that most crypto trading libraries only handle market data access and order placing, and are thrilled to provide a solution to this issue. Apifiny Algo gives quant traders the framework and components needed to turn their research into PnL. Our product allows users to implement unique trading logics in a streamlined process, something extremely important in today’s market.”
Apifiny Algo offers a 30-day free trial for Beta users. Users on Okcoin who have reached a certain trading volume threshold will be granted free access after the trial. While implemented in C++, it allows traders to code trading strategies in both Python and JSON, offering flexibility and convenience without compromising performance. The rollout will be gradual, with more advanced features launching in the coming months.
“Okcoin clients want the most innovative cryptocurrency trading tools, and we’re thrilled to offer them the unique capabilities of Apifiny Algo,” said Jason Lau, COO of Okcoin. “We’re continuing to see an influx of hedge fund and traditional finance clientele, all of whom need well-designed trading and quant frameworks in the market. We look forward to offering them the speed, sophistication, and ease of use that Apifiny Algo delivers.”
For more information, please visit: https://algo.apifiny.com
Apifiny® is a global cross-exchange digital asset trading network for institutions. The company’s vision is to create one, global trading marketplace for digital assets. Apifiny aims to deliver institutional-grade performance to digital asset traders through seamless connection with global digital asset exchanges and infrastructure providers. With one account and one API, Apifiny Connect gives institutional traders the flexibility to trade directly on global centralized exchanges at a discounted cost. Apifiny HEX (Hybrid Exchange) is designed to provide the digital asset community with a better centralized and decentralized trading experience, including zero taker fees, global price discovery and predictable liquidity from automated market making (“AMM”) and global centralized exchanges. Apifiny also empowers institutional traders with market data and the ability to achieve tighter spreads, higher fill rates and improved capital utilization. Headquartered in New York City, Apifiny is a trading platform with institutional-grade security and compliance. For more information, visit https://www.apifiny.com/.
Founded in 2013, Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. The platform enables retail and institutional investors to purchase 50+ digital assets using local currencies, with a mission to make crypto easy for everyone including first-time buyers. Okcoin was the first centralized exchange to offer direct entry into decentralized finance (DeFi) with Earn, a tool for earning APY through decentralized lending, liquidity pools, staking, and more. In addition, Okcoin offers institutional trading tools and APIs to asset managers, venture capital and hedge funds, retail brokers, payment processors, and more. Follow Okcoin on Twitter at @Okcoin and visit okcoin.com for more information.