Trading

Kx Methods Provides Cryptocurrency Buying and selling to its White Label Platform

Kx Methods, a subsidiary of First Derivatives plc ‎‎(LON:FDP), has formally launched cryptocurrency buying and selling, rolling the brand new ‎service out to shoppers of its FX buying and selling platform, Kx for Circulation.‎

Kx for Circulation is a longtime white label FX buying and selling platform, which mixes ‎order administration, commerce execution, danger administration, transaction ‎analytics and alerts administration. The HTML5 terminal permits customers to create ‎bespoke liquidity swimming pools and distribute worth data to shoppers and markets.‎

Kx for Circulation is deeply rooted in buying and selling expertise and along with ‎cryptocurrencies, the identical platform is used to supply entry to key ‎liquidity sources together with market-making banks, non-‎banks and ECNs offering pricing and execution for FX, NDFs, ‎valuable metals, and CFDs.‎

Kx’s foray into cryptocurrencies is motivated by buyer acquisition and ‎retention as the corporate views the motion a possibility to develop its shopper ‎base and provides them extra entry to further asset courses. ‎

Kx Methods is a supplier of high-performance database ‎and time-series analytics for the monetary providers ‎trade. ‎

Preliminary protection shall be restricted to identify buying and selling of 5 well-liked ‎cryptocurrencies, together with Bitcoin, Ethereum, Bitcoin Money, Litecoin, and Ripple. Extra tradeable cash are to be added later.‎

Commenting on the information, Wealthy Kiel, Head of FX Options for Kx stated: “As with most ‎main buying and selling expertise suppliers we now have been inundated with ‎curiosity in crypto. If you sift by the noise the curiosity from ‎mainstream monetary providers corporations to start buying and selling cryptocurrencies ‎has been rising and we’re delivering this answer to fulfill the ‎present and future wants of our shoppers.”‎

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