In a press release, the New York based Digital Trading Solutions, Inc. has announced that it is offering automated execution of large Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP) orders. The execution will be done on the newly launched Iceberg algorithmic trading platform which has been receiving accolades for super performance.
Nonetheless, since the company has started focusing on cutting-edge cryptocurrency solutions, a public beta release of Iceberg Trade is just one step towards the goal to help customers get better solutions that can transform their experience. The platform supports algorithmic trading and automation of large digital currency order execution including Bitcoin, Litecoin and Ripple.
Elaborating the feature, Nikolai Potylitsine, CEO of Digital Trading Solutions, admitted that the trading tools are designed to automate large order execution and provide seamless trading experience for cryptocurrency market participants. He also accepts that his company aims to achieve the best execution price for a client by minimizing market impact.
His stress will also be on providing smart connectivity to multiple trading venues and liquidity pools. Nonetheless, the beta version of Iceberg offers automated execution on Coinbase Exchange, OKCoin Intl., Bitstamp and Ripple trading platforms as well. Also, connectivity to other major cryptocurrency trading venues and smart order routing is also on pipeline.
The company says that clients can submit orders to buy or sell Bitcoins (BTC), Litecoin (LTC) or Ripples (XRP) directly from the Iceberg Trade. The customers can also expect excellent money management services and consolidated trading accounts to Iceberg clients who seek to avoid the inconvenience of opening a separate wallet on each trading venue, as these will be on offer.
Iceberg Trade platform improved execution performance by 5-7% for large trades
The company informs that Iceberg is already used in production by SnapSwap and several other beta clients for large order execution. Additionally, as DTS transaction cost analysis clearly showed that the Iceberg Trade platform improved execution performance by 5-7% for large trades in comparison with manual execution, the company expects increase in popularity.
This financial technology company also offers automated execution of large orders and trading strategies for cryptocurrencies on multiple trading platforms. Thus, there are a lot of reasons for customers to hire the services. At the same time as DTS Corp is backed by Cross Coin Ventures, it earns additional credibility among the customers.
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