ErisX launches automated trading for crypto in the United States

Rick Steves

The partnership with Capitalise.ai will allow its members to have full, free access to research, analytics, and automation features and tools, including backtesting, the ability to loop strategies, and smart notifications via mobile app for Android and iOS, 24/7. 

Capitalise.ai has partnered with US-based crypto spot and regulated futures market, ErisX, to provide them with trading automation capabilities and analytics for its users.

ErisX members will be able to trade seamlessly by automating their trading strategies using free-style text as well as enjoy the breadth of insights provided by Capitalise.ai’s advanced research and analytics features.

ErisX operates an exchange and clearinghouse for crypto spot and U.S. regulated futures markets, providing settlement assurances and eliminating counterparty credit risk. Assets are segregated and protected under Money Service Business and Money Transmitter Licenses and CFTC regulations.

Thomas Chippas, Chief Executive Officer of ErisX, said: “We continue to build and enhance our trading tools to enable traders and investors on all levels to access our competitive spreads and liquidity. Capitalise.ai uses advanced AI, machine learning and natural language processing technologies to make the automated strategies of professionals accessible and available to non-technical users.”

Amir Shiovich, Capitalise.ai CEO & Co-Founder, added: “We are thrilled to welcome ErisX and their Members as users of our trading analysis and automation platform. We are working hard to harness the power of advanced technologies to simplify market research and analysis and create and execute sophisticated trading strategies. We are confident that ErisX Members will immediately understand how this is a real game-changer for them”.

ErisX Futures are offered through Eris Exchange, LLC, a CFTC-registered Designated Contract Market and Eris Clearing, LLC, a registered Derivatives Clearing Organization.

The firm made clear that the CFTC does not have regulatory oversight authority over virtual currency products including spot market trading of virtual currencies.

“ErisX Spot Market is not licensed, approved or registered with the CFTC, and transactions on the ErisX Spot Market are not subject to CFTC rules, regulations or regulatory oversight”, the firm stated, while mentioning that it operates in NY pursuant to Eris Clearing’s Bitlicense to engage in virtual currency business activity by the New York State Department of Financial Services.

The partnership with Capitalise.ai will allow its members to have full, free access to research, analytics, and automation features and tools, including backtesting, the ability to loop strategies, and smart notifications via mobile app for Android and iOS, 24/7.

Capitalise.ai helps brokers offer trading analytics and an automated trading experience, requiring zero technical skills. Retail traders only need freestyle text to automate their trading.

FX and CFD broker Eightcap has recently partnered with Capitalise.ai to offer its retail traders the same kind of service, trading automation using free-style text and insights from its analytics tool.

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