[ad_1]
The company’s algorithmic trading solution aims at arbitrage trading, giving users complete control over wallets and keys
MIAMI–(BUSINESS WIRE)–CoinRoutes, one of the digital asset industry’s original algorithmic trading platforms, announced Thursday that its fourth-generation enterprise trading solution has been granted a US patent. (Patent Number: US 11,580,600 B2) for the core technology architecture that runs them Distributed Crypto-Currency Smart Order Router with Cost Calculator. The patent protects CoinRoutes’ distributed intelligent order routing technology, resulting in the most cost-effective and secure trading solution commercially available by combating exchange arbitrage and giving traders complete control over their assets.
It is very difficult for traders to navigate the structure of the cryptocurrency market, as it is highly fragmented and does not match the unique trading characteristics of digital assets. Many exchanges list crypto assets at different prices, and because most of them require traders to use exchange-specific digital wallets, many crypto market participants must trade on one exchange at a time. This results in an inability to execute trades in a timely manner, taking into account asset prices, trading costs and counterparty risk. CoinRoutes’ invention of a distributed smart order router, which allows clients to remain in control of their wallets and private keys, empowers users to execute orders in multiple places simultaneously and securely.
“Unfortunately for crypto traders, the market is dominated by platforms and algorithms designed for traditional finance and adapted to try and adapt to the emerging digital asset space, leading to substandard performance and compromised security,” said Ian Weisberger, CTO and co-investigator. founder of CoinRoutes.
“When Ian designed the Distributed Smart Order Router on a napkin in 2017, I knew we were on to something. The architecture enables CoinRoutes to deliver secure enterprise solutions to each client, at a much lower cost than our competitors without cutting off the terabytes of crypto market data that inform decision making from our algorithms,” said Dave Weisberger, CEO and co. -founder of CoinRoutes. “Our patent award is recognition that CoinRoutes is providing our clients with safe and cost-effective tools not previously available to digital asset traders.”
There are three distinct parts of the CoinRoutes architecture: Market Data Ticker Factory, Decision Engine, and Smart Order Router. When a client submits an order via the CoinRoutes user interface or API, the Decision Engine–which subscribes to a consolidated data feed of exchange bids and offers–calculates a target price (CoinRoutes’ fair value model) to determine the optimal order size and time to ship to various places.
As well as providing users with the most efficient trading across the exchange for a fraction of the fees, the proprietary CoinRoutes platform offers the most secure trading experience on the market by enabling customers to maintain complete control over their wallets and exchange keys.
“As the old saying goes, ‘not your keys, not your crypto’,” said Jon McLachlan, Chief Security Officer at CoinRoutes. “While most people think of that adage in the context of individual crypto assets, the same is true of corporate trading platforms. With the Distributed Smart Order Router, we have built a market-leading multi-exchange trading platform that allows you to maintain full ownership and control of all your assets.”
To learn more about CoinRoutes and the Distributed Crypto-Currency Smart Order Router with Cost Calculator, please visit coinroutes.com or email [email protected].
About CoinRoutes:
CoinRoutes is a best-in-class institutional-grade crypto trade Execution Management System (EMS). With CoinRoutes, you can achieve the best execution by trading on over 65 major CEX, DEX and Liquidity Providers covering over 3,000 assets (spot, perpetual, futures) through a single API or our trading app. In one order, you can trade on DeFi and CeFi, using CEX, DEX and LP. Our system allows you to choose partners instantly and allows you to diversify your partner risks. CoinRoutes’ patented distributed architecture allows our clients to stay in control of their digital wallets and keys. Our advanced algorithm, which includes automated spread trading & multi-product trades in one order, achieves lowest costs while minimizing market impact and fulfilling orders faster to reduce slippage. In addition, our built-in transaction costs analysis (TCA) will help you evaluate your trading performance across our five benchmarks, including our proprietary Fee Calculator. CoinRoutes was founded in 2017 from the ground up to address the unique market structure of crypto assets by former Two Sigma, ITG, and Lava executives. https://coinroutes.com/
Contact
Media:
Sean Lansing
[ad_2]
Source link
