BXS Launches Digital Currency Analysis covering thousands of coins
The firm’s Digital Best Bid/Offer “DBBO” model features more than 85 exchanges around the globe including, Coinbase, Binance, Kucoin, FTX, Kraken and other top exchanges and covers thousands coins and currency pairs including BTC, ETH, and LTC.
BXS has launched Digital Currency Analysis (DCA) to provide a data analytics solution to the rapidly growing digital asset industry.
The new tool is available to all existing BXS clients and offers a comprehensive view of digital asset and cryptocurrency trading in a consolidated web portal.
This is the latest product launch from BXS, which has been present in the data analytics and reporting space for the capital markets industry since 2015.
The firm is taking its expertise from traditional asset classes such as Equities and Options and applying their more than 20 years of experience to alternative assets, including cryptocurrency.
BXS’ proprietary Digital Best Bid and Offer (DBBO) consolidates all trading data from the largest global cryptocurrency exchanges along with top cryptocurrencies and tokens, including Bitcoin, Ethereum, Litecoin, and many others.
Michael Post, Executive Vice President at BXS, said: “We are very excited with the outcome of this product. Our team has been working diligently on this project by exploring the marketplace, nuances in data and the fragmentation of executing venues. Our DCA Platform is ready to empower any digital market participant that is looking to unlock a multitude of competitive advantages.”
BXS caters to broker-dealers, buy-side firms, hedge funds, market centers, and individual traders, offering them its market insights and software solutions, including Best Execution tools, trading analytics and surveillance software.
The firm’s Digital Currency execution analytics encompasses a variety of tools built to boost the understanding of how institutions, clients and competitors are interacting with the cryptocurrency markets around the globe:
The Digital Currency Analysis (DCA) solution includes an Execution service. The firm’s Digital Best Bid/Offer “DBBO” model features more than 85 exchanges around the globe including, Coinbase, Binance, Kucoin, FTX, Kraken and other top exchanges and covers thousands coins and currency pairs including BTC, ETH, and LTC.
BXS derives from Best Execution Solutions, a trade data analytics firm delivering cutting-edge compliance solutions and powerful market insights.
Founded in 2015 and headquartered in New York, the firm is led by industry veterans including Roger Post, Ben Calev, Michael Post, Mike Fryer, and Rasha Hantash.
The firm is partnered with quotemedia, Wex, STA, Stany, and Trafix, to name a few.