Mainbloq Announces Suite of Cryptocurrency Trading Algorithms

Mainbloq has announced the launch of a new set of trading algorithms.

Founded in 2018, Mainbloq focuses on blockchain and digital assets research. The company provides a cloud-based modular platform for smart order router, a suite of trading algorithms, the ability to integrate third-party algorithms.

Executive Opinion

Chief Executive Officer (CEO), Mainbloq, Peter Bordes, said, "We believe in modularity. Our mission is to bring the sophistication of the street to digital assets and to us that means creating the best tools in the world and putting them in the hands of traders, wherever they trade. First we built the world's best crypto smart order router. With the launch of our algorithm suite we've created another "block" in our vision for a best-in-class cloud-based modular platform joining data, tools, research, and insights for digital assets. Crypto is getting more sophisticated."

Chief Information Officer, Marc Deveaux, said, "The most important thing to remember is that not all algos are created equal. That's why we've assembled a team of street veterans with experience crafting algorithms for some of the most successful shops. We've created your typical algos like TWAP and VWAP, but we've also crafted custom algorithms that you can't find anywhere else."

How It Works?

Mainbloq's algorithms can be used via the Mainbloq order management system. It can be also integrated into other OMSs or EMSs via API (Application Programming Interface).

For sophisticated traders, Mainbloq offers trade execution through their Smart Order Router. Every client receives a dedicated Smart Order Router to execute their trades. Smart Order Router can also be used as stand-alone with an option to integrate with other trading platforms with the help of APIs. It has direct, streaming connections to exchanges for the fastest and best execution. Smart Order Router currently has connections to over 100 exchanges and can trade over 30,000 currency pairs.

The announcement said that algorithm suite is currently comprised of eight algorithms. These set of algorithms include BASKET, TWAP, VWAP, THOR, Iceberg, Pairs Trades, IWAP (Information Weight Average Price) and ISR (Implementation Shortfall Reducer). Moreover, the company has plans to include more options for algorithms in its offering.

These supported algorithms will continue to grow. Mainbloq also creates custom algorithms to help their clients execute their individual trading strategies, notes the announcement.