Apifiny launches Smart Order Routing to address market fragmentation in Crypto

Rick Steves

“SOR has proven to be a key tool in stock trading and allows for hedging against fragmentation by analyzing the market and executing orders towards a unified price.”

Apifiny has launched its new Smart Order Routing (SOR) that allows institutional traders to automate and route orders across Apifiny’s 20+ connected exchanges for best price execution.

The global cross-exchange digital asset trading network launched the SOR as it continues to ramp up product development ahead of its planned merger with Abri SPAC Inc. in Q3 2022.

Apifiny connects with +20 digital asset exchanges

Smart routing systems automate and break down large orders and seek to identify the best prices throughout networked exchanges to minimize any slippage in price. SOR addresses one of the key pain points of crypto trading: fragmented liquidity.

Apifiny’s goal is to drive institutional adoption with advanced technologies and tools that address the problems within the crypto industry. The platform connects with over 20 of the top 100 global digital asset exchanges by trading volume to unify highly fragmented trading markets.

This increases stability and continuity and reduces disruption in the crypto marketplace by providing institutional traders immediate access to the optimal market-clearing prices and global liquidity for trading cryptocurrencies.

Haohan Xu, CEO of Apifiny, commented: “While we are seeing more advancements every day, the crypto trading market is still in its infancy, and desperate for institutional-grade capabilities that are not yet available on a single platform. In order to address liquidity fragmentation, smart order routing was the logical next step in the evolution of Apifiny’s platform.

“SOR has proven to be a key tool in stock trading and allows for hedging against fragmentation by analyzing the market and executing orders towards a unified price. While there are still several major platform advancements to come this year, SOR is a huge step forward for institutional traders and we are excited to offer it through Apifiny.”

Apifiny was founded in 2018 precisely with the mission to address the crypto world’s fragmented liquidity and build a unified global digital asset trading network for both exchanges and traders.

Apifiny launched Instant Transfers for arbitrage opportunities

The firm has recently launched instant transfers between select premier exchanges on its network including Apifiny HEX, the company’s new class of hybrid exchange. The feature aims to ensure the best bid and offer price similar to how NBBO (National Best Bid & Offer) provides for traditional stocks.

These are available for institutional and retail traders looking to exploit more arbitrage opportunities and improve capital utilization by cutting cross-exchange transfer times.

Instant Transfers allows traders to transfer funds in seconds to purchase on one exchange, including Apifiny HEX, and sell on another. The functionality can be activated without requiring exchanges to do any significant development work.

The global digital asset trading network claims to be the only one offering both instant transfers and institutional traders direct access to the order books of 25 centralized exchanges with lower cost than trading directly on those exchanges.

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