OKX exchange and CoinRoutes, a market leader in algorithmic trading and execution management, have announced that they will be expanding their relationship to offer API-enabled trading services to institutional clients. The partnership is billed as a market disruptor, as it will enable investors to place orders covering multiple asset classes and automated spread trading.
The expanded scope of the partnership between OKX and CoinRoutes will enable them to provide institutional investors with the tools and services they need to trade easily and securely across a wide range of digital assets. In addition, the agreement will give institutional investors access to cutting-edge tools for analytics, order routing, and risk management.
Improving crypto market efficiency and user experience is a major milestone in the sector, and the combination of sophisticated trading tools with automated methods for institutional clients is a major step in that direction. Users will be able to leverage proprietary transaction cost analyses, automated trading techniques, and the ability to trade multiple products in a single order, as well as other benefits, thanks to the collaboration between the two companies.
In addition, trading on OKX is now accessible to institutional users via the CoinRoutes interface, which provides access to OKX’s advanced trading algorithms, market data dashboards, and a transaction cost analysis function developed in-house. Automated spread trading and single orders for multiple products are two of the order types available.
This partnership is also a strategy that OKX has employed to deliberately broaden its broker landscape, which comes with a potentially larger customer base. In addition, the exchange has improved its product offerings, and its customers will also enjoy better trading experiences. All this is possible thanks to CoinRoutes’ strong position as one of the major crypto order execution management systems (OEMS) in the world.
In exchange, CoinRoutes says the partnership will give its clients access to better trading strategies, increasing their potential for better execution, thanks to access to OKX’s vast liquidity and transparency.
This post was last modified on Aug 17, 2023, 17:15 BST 17:15