TradAir’s trading solution has undergone some updates that were designed to make it more dynamic for cryptocurrency traders. The Israel-based provider of cloud trading technology solutions has also highlighted new improvements to its Smart Order Routing (SoR) infrastructure and TradAir Analytics TLA.
The redesigned features are the first major platform update since the group has onboarded Sebastien Donadio as Chief Technology Officer, who joined TradAir in July with over a decade of experience across leading software and computing roles.
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Specifically, the new update allows traders to mark their crypto trades independently, making it easier for them to trade each asset class and instrument type. In addition, the company has improved its conditional orders functionality to provide One Cancels Other (OCO) order type with intelligent execution for larger trade sizes.
TradAir has recently joined forces with Asian cryptocurrency liquidity provider Tilde to tap its own HTML5 cryptocurrency native trading platform.
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The other enchantments concern TradAir’s SoR infrastructure, which has been updated to improve the liquidity aggregation execution and increase the fill ratio by up to 20%. In addition, Tick data has been added to TradAir Analytics TLA, which allows clients to analyze best execution based on volatility and market activity.
Growth in cryptocurrency volumes
TradAir offers its customers access to deep levels of FX liquidity, sourced from major bank and non-bank liquidity providers, delivered via TradAir’s HTML5 eFX platform.
The technology developer has positioned itself as an ideal partner for many brokerages as the company deploys its servers in several locations. Co-location greatly improves the competitiveness of the service and the quality of FX liquidity that clients can offer to their customers. TradAir has offices in London, New York, Singapore and Tel Aviv.
Commenting on this, Ayal Jedeikin, TradAir’s acting CEO, noted: “We are seeing a huge growth in cryptocurrency trading on our platform. Volume is increasing exponentially in our cash and crypto CFD instruments so it’s important that our platform provides an exceptional trading experience. This is the first large release under our new CTO, Sebastian Donadio, since he joined us earlier this year and our clients can look forward to more performance improvements in the coming weeks and months.”