Match-Trade Technologies LLC, which caters to forex brokers, has announced the launch of new data feeds and liquidity for eight popular cryptocurrencies.
Like other offerings from the provider, Match-Trade has based this new feature on its proprietary matching engine technology. The company can provide direct feeds and liquidity for the most popular cryptocurrencies such as Bitcoin, Litecoin, Ripple’s XRP, Dash and Ethereum.
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The developers explain that it has the technological ability to provide aggregated feed from exchanges which is adjusted to FX brokers’ conditions. The liquidity for cryptocurrencies is based on real volumes from selected and trusted crypto exchanges such as Bitfinex, Bitstamp, Gdax, and Poloniex. Match-Trade’s proprietary technology is said to ensure the best quality execution and speed of price streams for this new instrument.
The cryptocurrencies feed streams are available in three different formats – FIX, MT4 unifeeder, and Match-Trade system protocol. Traders connected to streams through FIX and Match-Trade system will receive feeds with market depth, which allow them to assess the market conditions before executing the transaction. Match-Trade can also provide fully automated B-Book execution option based on the Market Depth liquidity.
The most important features of the data feeds according to Match-Trade are:
– Feed and execution for eight cryptocurrencies
– Low latency Data Feeds for FX and CFD instruments
– Data feeds available via FIX or MT4 unifeeder protocol
– FIX Data Feeds with five levels of Market Depth
– Unique source of prices from internal ECN market
– B-Book Execution based on Matching Engine technology