B2C2 Expands Its Use of KX's Analytical Software

B2C2, a cryptocurrency liquidity provider owned by Japan's SBI Holdings, has expanded its partnership with KX, a provider of database and analytics engines, for more advanced trading analytics and offering expansion.

According to the press release, B2C2 will use high-performance and real-time analytics solutions provided by KX, including KX Dashboards, a visualization tool for databases and datasets. The new tool is expected to offer institutional clients, who are increasingly looking to invest in the cryptocurrency ecosystem, services and products similar to those provided by T1 investment banks in traditional finance.

KX's analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term technology, based on its proprietary kdb+ solution, will allow B2CB to process enormous amounts of data in real-time. It is extremely important for customers to make important decisions in the shortest possible time.

kdb+ is a relational time series database (TSDB), commonly used in high-frequency trading (HFT High-Frequency Trading (HFT) High-frequency trading (HFT) is a trading approach that requires the usage of high-powered computer applications to execute a large volume of orders within milliseconds. HFT employs pre-programmed trading commands and a multitude of complex algorithms.These are used to analyze multiple markets simultaneously while automatically executing trades based on preprogrammed trading scenarios for varying market conditions. Speed is of the essence with HFT, where traders with the fastest rates tend to be High-frequency trading (HFT) is a trading approach that requires the usage of high-powered computer applications to execute a large volume of orders within milliseconds. HFT employs pre-programmed trading commands and a multitude of complex algorithms.These are used to analyze multiple markets simultaneously while automatically executing trades based on preprogrammed trading scenarios for varying market conditions. Speed is of the essence with HFT, where traders with the fastest rates tend to be Read this Term) for handling and analyzing billions of records in a short period of time. According to B2C2 representatives, this type of solution will work perfectly in the highly volatile and dynamic digital asset market.

"We are pleased to be working with KX, which supports B2C2 in delivering real-time data-driven trading insights and decisions to digital assets markets. KX is recognized and respected for its industry-leading technology across the world's major financial institutions and working with them aligns with our clients' and counterparties' capabilities," Nicola White, the CEO at B2C2, said.

B2C2 With New Offering for OTC Crypto Market

In October, the cryptocurrency market-maker announced the expansion of its current offering with the addition of electronic options trading for the over-the-counter (OTC) crypto market. The new options are currently offered through the Single Dealer Platform.

B2C2 has been linked to the institutional cryptocurrency market since 2015. Although the institutional industry took its first steps seven years ago, it is now highly developed, engaging the world's largest financial companies.

The company, which is headquartered in the UK, with offices in the United States and Japan, is expanding its operations in major markets like the US with the announcement of Nicola White as the new CEO in the US.