SFOX (San Francisco Public Exchange), Major Bitcoin and Cryptocurrency Brokers, Today launched a new cryptocurrency trading product designed for hedge funds and asset management companies.
The launch of a series of complex trading and portfolio management services will enable hedge funds to execute complex trading strategies on a large scale on a single platform.
“As various institutions are rapidly turning to invest in digital currencies, this pioneering encrypted trading platform is the right product launched at the right time. SFOX’s technical advantages and unparalleled cryptocurrency liquidity will bring transactions and reports to the hedge fund industry And compliance service agencies need to use cryptocurrency as a new asset class.”
– Chamath Palihapitiya, founder and CEO of Social Capital, investor in SFOX
Unlike typical exchanges, SFOX provides traders with a single destination to trade cryptocurrencies from the most important trading venues in the world-including major exchanges, over-the-counter brokers, and market makers.
This access to all major trading platforms from a single destination gives hedge funds an advantage in terms of pricing, enhanced access, and advanced security.
The aggregate liquidity of cryptocurrencies on SFOX is so great that a $50 million bitcoin transaction will be executed in a few milliseconds without affecting the market-10 times more than any exchange.
The most powerful service of the SFOX platform is the plug-and-play order types and execution algorithms, which are tailored to meet the needs of any trading strategy.
More than a dozen order types can be used, allowing traders to fully control the degree of passive or active execution, how much information they provide to the market, risk management and price improvement, all of which will lead to higher returns and be available at no additional cost.
“As a former hedge fund manager, I can say that the platform we launched today has completely changed the rules of the game for today’s cryptocurrency or funds that have just begun to accept cryptocurrency trading. Hedge fund managers can focus on what they do best without worrying about execution , Scalability, capital efficiency, or any of their back-office reporting and operational requirements.”
– Jackson Finio, Head of SFOX Product
In addition, SFOX has also launched a proprietary Transaction Cost Analysis (TCA) program, which has been integrated into its encrypted trading platform without additional fees. For example, the TCA platform for stock trading is limited to large companies that establish their own or obtain these services at a high cost.
The TCA function also enables the fund to meet and implement the best price execution requirements. At present, the fund must meet the best price execution requirements when trading other stocks to prove to customers and regulators that the company is doing its best to acquire assets for customers at the best price.
“We have established a platform so that any hedge fund can use all the same tools and resources. These tools and resources were previously only accessible and used by the most resource-rich trading companies in the world, and the cost is very low. We know that operating funds are very low. Difficulty. When the market and regulatory environment are fragmented and constantly changing, it becomes more difficult to run crypto funds. We want to be an ally of every hedge fund that embraces cryptocurrency investment and trading.”
-Akbar Thobhani, CEO and Co-founder of SFOX
Hedge funds are the fastest-growing trading sector of SFOX, with trading volume increasing by 18 times year-on-year. In particular, hedge funds are looking for convincing opportunities that have driven the average transaction volume per client to increase 10 times in the past year.
SFOX also provides flexible settlement methods, including immediate settlement of pre-financing transactions and post-trade settlement (PTS), allowing hedge funds to avoid using SFOX’s credit line for pre-financing. With the help of PTS, hedge funds can conduct credit transactions and flexibly settle any outstanding amounts within a time frame that suits the needs of traders, ensuring that they will not miss opportunities due to insufficient funds.
The full set of new services on the SFOX platform now includes:
- Global liquidity = 10 times more important liquidity-within 1% of the median price
- Best price execution
- 18 customizable order types and execution algorithms
- Trade cost analysis
- Flexible settlement
- Multi-user account with customizable permissions
- Workflow automation to enhance operational safety
- Comprehensive reporting and tax solutions