CFH Clearing offers streaming liquidity in cryptocurrencies via FIX and MT4
“With demand for Bitcoin at an all- time high, we wanted to offer much more than a cryptocurrency price feed to clients but provide a venue for them to offload some of the risk, too” says CFH Clearing CEO Matthew Maloney
CFH Clearing is rolling out liquidity in Bitcoin through FIX and MT4, and will soon be adding Ethereum, Litecoin and Dash. The products will be treated as CFDs so there is no delivery of cryptocurrencies or a need for clients to maintain a wallet.
This latest offering from CFH Clearing, a TradeTech Group company, provides brokers with an opportunity to generate new trading volumes by capitalising on the increasing demand from their clients to trade cryptocurrencies.
Matthew Maloney, CEO, CFH Clearing comments, “With demand for Bitcoin at an all- time high, we wanted to offer much more than a cryptocurrency price feed to clients but provide a venue for them to offload some of the risk, too.
“Cryptocurrencies are a risky asset and brokers have been struggling with where to hedge them. Our new offering stands out in the market, addressing this issue and creating a very attractive product for our clients.”
Clients of CFH Clearing will be able to access the crypto liquidity through all proprietary platforms as well as preferred third party technology partners. Following the completion of an extensive integration directly with the crypto exchanges, CFH Clearing can quickly add further cryptocurrencies according to future demand.
CFH Clearing is a market leading interbank Prime of Prime liquidity provider for small and medium sized institutional clients. It is one of the largest interbank STP venues in the market, with more than 400 institutional clients in over 80 countries.
CFH Clearing is part of TradeTech Group, the Financial Services division of Playtech, a FTSE 250 company with 4 billion USD market capital.
