The crypto-currency exchange Coinbase on Thursday announced a new tie-up between its institutional platform, GDAX, and Trading Technologies (TT), which provides trading software for the likes of hedge funds and firms like Goldman Sachs and JP Morgan.
The addition of the TT tools will make it easier for traders to engage in spot market and futures trades at the same time. This is significant, according to GDAX, because such tools are a foundation of sophisticated trading strategies, and could entice more major financial players to enter the crypto markets.
In announcing the news, the companies said the new tools would increase the reach of GDAX’s platform, which could in turn expand the volume of crypto-trading across the world.
“With 19 of the top 20 futures commission merchants as distribution partners, TT users are some of the largest futures and commodity traders in the world. Its connectivity stretches to nearly 45 markets, including the futures markets of the CME Group, Deutsche Boerse, Intercontinental Exchange and Nasdaq. Through this partnership, TT users will be able to view market data, submit orders, and leverage a market-leading suite of charting and automated trading tools to trade cryptocurrencies on GDAX,” the company said in a statement.
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Source:: Fortune.com – Tech
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