Apifiny launches crypto library in C++ for HFT traders
The Global Crypto Hedge Fund Report 2021 found that 21 percent of traditional hedge fund managers actively invest in digital assets, using quantitative and algorithmic investment strategies for trading cryptocurrencies.
Apifiny has announced the launch of an advanced performance crypto trading library in C++ for High Frequency Trading (HFT) and latency sensitive traders. The library allows traders to code trading strategies in both Python and JSON.
Going by the name of Apifiny Algo, the trading library is being rolled out with global cryptocurrency exchange Okcoin as Apifiny’s flagship partner, with Okcoin clients receiving free subscriptions to the high performance quant trading modules Apifiny Algo offers.
Apifiny Algo features modules for direct market data access, order management and a strategy framework for trading algo implementation, reducing significant coding effort.
Apifiny Algo offers the highest speed on market data processing and order placing. Its strategy framework is new in the market which allows Apifiny Algo allows traders to implement trading strategies with Apifiny and 3rd party strategy components and enjoy high speed on market data processing and order placing, according to the cross-exchange digital asset trading network.
Beta users can benefit from a 30-day free trial for Beta users. Users on Okcoin who have reached a certain trading volume threshold will be granted free access after the trial.
HFT traders need smart solutions
Haohan Xu, Chief Executive Officer of Apifiny, commented: “Since trading strategies are not universal, HFT traders need smart solutions that go well beyond the average trading bot. We identified that most crypto trading libraries only handle market data access and order placing, and are thrilled to provide a solution to this issue. Apifiny Algo gives quant traders the framework and components needed to turn their research into PnL. Our product allows users to implement unique trading logics in a streamlined process, something extremely important in today’s market.”
Jason Lau, Chief Operations Officer of Okcoin, said: “Okcoin clients want the most innovative cryptocurrency trading tools, and we’re thrilled to offer them the unique capabilities of Apifiny Algo. We’re continuing to see an influx of hedge fund and traditional finance clientele, all of whom need well-designed trading and quant frameworks in the market. We look forward to offering them the speed, sophistication, and ease of use that Apifiny Algo delivers.”
The Global Crypto Hedge Fund Report 2021 found that 21 percent of traditional hedge fund managers actively invest in digital assets, using quantitative and algorithmic investment strategies for trading cryptocurrencies.
