The most advanced platform for primary and secondary markets of digital assets and cryptocurrencies
CryptoCortex for Secondary Markets
CryptoCortex Secondary Markets Solution is a complete ecosystem for trading on secondary markets. It includes a FIX gateway for market data and trade orders, execution algorithms such as matching engines and trade simulators, a Pricing Engine to supply traders with customized market data feeds, and powerful web applications for traders and administrators.
CryptoCortex for Brokers
Creation and streaming of a consolidated order book from multiple exchanges via FIX, web sockets, and REST interfaces
Flexible Pricing Engine with the ability to define custom price levels and multiple price tiers
Advanced execution management system (EMS) with internal matching engine (ECN) and FIX order flow interfaces
Smart Order Routing (SOR)
Algo Execution
Ability to develop, back-test, and optimize custom SOR and execution algorithms
Post-trade transaction cost analysis system (TCA)
Flexible pre-trade risk management
Powerful CRM system with advanced account configuration and management
Integration with crypto wallet management systems
Enterprise-grade data warehouse for storing and streaming of historical prices
CryptoCortex NFT Edition
CryptoCortex NFT Edition supports both centralized and decentralized types of NFT marketplaces.
CryptoCortex solution for centralized NFT marketplaces is our standard ecosystem for exchanges with specialized user interface and auction algorithms. Refer to Exchange Edition for details.
CryptoCortex solution for decentralized NFT marketplaces, on the other hand, is based on the technology that collects information from Blockchain in a centralized database, which can then be selectively replicated to local setups. Our web application can be integrated with third-party wallets (for example MetaMask) to work with your NFT collections.
CryptoCortex for Exchanges
Institutional-grade interfaces for streaming market data and receiving order flow:
FIX and multi-cast interfaces: market-by-order (Level 3) and market-by-level (Level 2)
Web Sockets and REST APIs
Co-located multi-cast and FIX interfaces for advanced HFT and market makers
Enterprise-grade time series data warehouse with the ability to publish and distribute historical prices via streaming APIs in modern languages including Python, C++, C#, Java, R, and MatLab
Ultra-low latency matching engine with the ability to implement custom matching algorithms and order types
Ability to add custom exchange-hosted execution algorithms
Transaction cost analysis system (TCA)
Full-scale exchange simulator and UAT environment for paper-trading and FIX certifications
Audit and risk management
Integrations with external settlement systems
Proprietary cloud-based state-of-art research and strategy development infrastructure for quants, robotic-traders, and market makers
FIX Hub
FIX Hub uses a proprietary FIX Gateway to connect with trading venues and process trade orders and market data. It includes connectors to over 50 digital asset trading venues, thus supporting spot, crypto, futures, and perpetuals assets. In addition to FIX, it provides REST and web socket (WS) APIs. FIX Hub maintains the history of orders, executions, and market data.
Smart Order Router
Smart order router (SOR) is an algorithm that follows a set of rules to search for liquidity on different trading venues and facilitate the most profitable execution of orders. To do that, SOR creates passive or aggressive execution plan for each order, which defines prices and quantities for each of the configured trading venues.
In case of an aggressive execution, the source liquidity is distributed by applying exchange-specific fees to all quotes/orders. Quotes from different venues that provide equal commission-adjusted price get sorted once again using other factors such as available liquidity. In the second pass, SOR splits the residual order quantity across all eligible venues by a passive price. The optimal plan is built considering fees/rebates for a passive execution and current market liquidity/turnover estimates for each venue.
OTC Desk Edition
CryptoCortex OTC Desk Edition is an e-commerce solution for OTC Desks, allowing to offer order executions via streaming prices or RFQ
(Request for Quote). OTC Desks act as principals, while sophisticated hedging capabilities allow hedging trades on a trade-by-trade
basis, risk positions to accumulate on specified levels, and customer-specific spreads/mark-ups to be configured in addition to credit risk limits.
Transaction Cost Analysis
Transaction Cost Analysis (TCA) is a service for advanced real-time analytics of algorithmic orders. It allows you to measure execution costs against various benchmarks (e.g. arrival price, VWAP) to compare the performance of different execution strategies. TCA service includes a rich gallery of charts, visualizations, and reports, which can be downloaded in CSV and PDF formats.
Market Maker
Market Maker is a product for market makers and price arbitrageurs. It offers a powerful web-based functionality to create, configure, and run trading algorithms (bots), perform market-making and/or pricing arbitrage, including simple linear and triangular cases. Market Maker has connectors to dozens of exchanges and liquidity pools that generate real trade volume, a highly customizable hedging and risk limits configurator to satisfy even the most demanding logic, a flexible pricing engine to control quotes. Along with web-based tools, Market Maker offers REST/WS APIs for programmatic management of trading bots and risk rules on-the-fly.
Market Maker solution includes auxiliary applications for administration, configuration, reporting, and system monitoring.
Market Maker ecosystem is closely integrated with TimeBase - a powerful high-performance time-series database and streaming service. TimeBase accumulates market data supplied by Aggregator. Trade orders are processed by a powerful EMS system, that includes SOR and other order execution algorithms.
Spread Trader
Spread Trader is a professional solution for institutional traders and arbitrageurs allowing the creation and execution of custom spread trading strategies of any complexity. With Spread Trader, you can create, configure, run, and monitor exchange traded synthetic instruments from a single web application. Enjoy the flexibility of creating multi-leg and cross-exchange spreads, allowing implementing any spread trading logic of your choice.