In a release issued today, smartTrade Technologies revealed that it has added cryptocurrencies to its FX trading platform, LiquidityFX (LFX).
“The cryptocurrency market is growing fast, and a large percentage of the current trading volumes is concentrated on the top 10 cryptocurrencies, which accounts for about 70% of daily turnover. It is also highly decentralised and finding the best price is, at best, opaque and challenging when trading,” says the firm.
The release continues: “SmartTrade overcomes these challenges with its cryptocurrencies offering. LiquidityFX (LFX) platform includes connectivity to the major cryptocurrency exchanges and clients can leverage the sophisticated LFX aggregation system to obtain a normalised view of the cryptocurrency liquidity, to place orders and manage algorithms with Smart Order Routing (SOR) logic in a transparent manner.”