DIgitalTradeNow – Cryptocurrency Trading Platform Launched by Stonex Group Inc
StoneX Group Inc, a financial services organization that operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services, unveils its Cryptocurrency trading infrastructure (digitaltradenow).
This move enables the trading of a select number of cryptocurrencies and debuts the look and feel of the DTN platform. With simple order functions, charting provided by TradingView and a constantly updating indicator of market depth, the platform is designed for ease of use for both retail and institutional customers, and as such is designed to provide high throughput and low latency response.
Sean M. O’Connor, Founder and President of StoneX Group Inc stated, “We congratulate Coinbase on the announcement of their upcoming IPO. As the first IPO of a crypto exchange, StoneX Group Inc is excited by the market’s enthusiasm over this decision, and we welcome Coinbase in joining our drive towards transparency and accountability to regulators for crypto exchanges.”
DigitalTradeNow is a cloud-enabled, highly-scalable system, based on Kubernetes technology that features a unified UI to create a seamless trading experience for both crypto and security tokens, simultaneously addressing the professional market of institutional traders and Main Street general public investors.
Over $7 million has been invested in the development of the trading platform and ecosystem, with the regulation in mind from the ground up. The platform will enable listing and trading of digital assets with full regulatory compliance addressing fair play trading design, security, and privacy measures. The system utilizes a unique matching engine focused on regulatory-friendly whitelisting, utilizing hashing algorithms for user identity management via private/public key validation.
Among other capabilities, the platform will support:
- Trading of digital assets from a diverse range of blockchain technologies
- Trading API, based on microservice architecture that manages all trading endpoints
- API interface for broker dealers, corporate finance, traders and market makers
- Highly scalable architecture designed for intelligent adjustment to support high trading bursts and high traffic
- Market making support – API for market makers and HFT traders which will allow algorithmic trading for increased liquidity
- Strong back-end management – the systems allow trading departments to easily onboard multiple assets for trading via the back end, enabling rapid response to market shifts and demand
- Instant trading settlement (no more T+)
- Buy/sell cryptocurrencies (BTC, ETH, LTC, BCH) and security tokens
- Support main order types (Market, Limit, Stop)
- Trade confirmation and reporting tools to continually monitor and manage blotter and positions
- Technical analysis tools for pre-trading
DigitalTradeNow offers a plethora of options, they took trading to a whole new level by making it available for Mobile and PC. Tournaments, pending orders, MT5 forex, strike price, express trade, and quick trading are all trading examples that you can use while trading on the platform.
About StoneX Group Inc
StoneX Group Inc aims to provide a regulated trading platform for digital securities and cryptocurrencies, combining traditional markets expertise with a novel fintech approach. DigitalTradeNow is led by an experienced team of business, finance, and blockchain technology experts unified by the vision of redefining the world of capital markets via blockchain technology.