TradAir, a provider of cloud-based trading technology solutions, announced that BlockFills is now live using TradAir’s trading platform.
On Friday, BlockFills, a digital trading asset company, made the first BTCUSD trade for its key institutional client RockitCoin, a U.S. money service provider.
The platform is a result of TradAir and BlockFills’ collaboration. Just two weeks ago, the companies partnered together to create a new software, and already, they have brought the platform to the market.
The platform was created by BlockFills and utilizes TradAir technology. According to the statement, the two companies plan to have a fully automated Straight Through Processing (STP) solution for cryptocurrencies. This will include TradAir’s proprietary algorithmic risk management and trade execution capacity.
The trading platform is directed at both institutional clients and professional traders. Some of the key advantages of the platform include its analytics, professional trading tools and a white label solution with full reporting, price and trading capability with one integration.
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Crypto market is maturing
Commenting on the launch of the new platform, Brad Nagela, BlockFills co-founder and head of trading said: “the cryptocurrency market is maturing at a rapid rate.
“A platform with API capacity in which streaming rates, professional trading tools, secure settlement, and deep liquidity is the next step in the evolution of the market.”
Viral Tolat, CEO of TradAir, also added: “It was important for us to find the right client to launch our Crypto offering. Blockfills provides their clients with the ability to execute large blocks of digital assets in both crypto and fiat currencies.
“Supported by a highly experienced team, and using TradAir technology as a foundation, Blockfills can now provide an unparalleled end to end Crypto service for its clients.”
BlockFills provides solutions for liquidity, price discovery and executions for wholesale buy-side cryptocurrency traders and investors.