The independent trading solution provider Sol-3 today announces the new connection to the institutional grade crypto derivatives platform “Deribit”, now supporting trading in futures and options based on the crypto-currencies Bitcoin and Ethereum. This will enable Sol-3 clients to leverage their existing installations, know-how and expertise in other derivative markets and use it for trading opportunities in a new volatile market segment. Customers can use Sol-3 not only for click-trading but also for automatic algorithmic trading to arbitrate, provide liquidity and hedge.
Norbert Geus, Managing Partner Sol-3, says:
This is another interesting market segment with great trading potential especially for our customers to use their experience and knowledge of the Sol-3 trading tools and expand their market share in new trading products by just plugging-in an additional connectivity. It also proves that our Sol-3 software components operates reliably in new product segments and can easily grow with the requirements of our clients.
Luuk Strijers Chief Commercial Officer (CCO) at Deribit states:
Deribit is very pleased to welcome Sol-3 as a software solution to our platform as it is an attestation of the growing interest from traditional trading firms in our market. Sol-3 has a long history in market making solutions and a large experienced client base. Especially due to the growth of our options segment we see a lot of demand coming from the traditional trading space looking to enter the crypto opportunities.
Sol-3 (Website) has been a professional software specialist of exchange trading systems for sophisticated electronic trading for over 20 years. The software product is specifically designed to meet the needs of proprietary trading, with a clear focus on trading speed. The greatest benefit of Sol-3 is achieved in trading by equity traders, derivatives traders, market makers, arbitrage traders and in automatic rule-based trading (algorithmic trading). In addition to all essential manual trading functions, the system offers an exact theoretical price calculation for derivatives, automatic quote management for market-makers, automatic rule-based trading on market opportunities (Auto-Eye) and a very fast and flexible order and quote management to exchanges, order routing systems and brokers. Customers benefit from a consistently professional and holistically individual customer service and of a deep technical expertise and the experience of numerous projects implementing various sizes of trading companies to electronic exchanges worldwide.
Deribit (Website) is a leading crypto futures and options trading platform based in Panama City, Panama. Deribit’s state of the art system architecture ensures the fastest performance in the market, making it the first choice for algorithmic and HF traders. Deribit was the first to launch European style cash-settled options on BTC and ETH, and have pioneeredfunctionalities like multi-instrument block trade, market maker protection, and portfolio margin for crypto derivatives. Furthermore, Deribit remains the market leader in crypto options and continues to set the standard for the rest of the industry