Home Payment processors Apifiny® Launches C++ Crypto Trading Library Adding Okcoin as First Official Partner

Apifiny® Launches C++ Crypto Trading Library Adding Okcoin as First Official Partner


Apifiny® Algo provides a suite of best-in-class modular tools for market data access, order execution and strategy implementation

NEW YORK, NY, June 07, 2022 (GLOBE NEWSWIRE) — Apifiny® (https://www.apifiny.com/), the global digital asset exchange network, today announced the launch of Apifiny ® Algo, an advanced high-performance crypto trading library in C++ for high-frequency trading (HFT) and latency-sensitive traders. The trading library is being rolled out with global cryptocurrency exchange Okcoin as a flagship partner of Apifiny, with Okcoin customers receiving free subscriptions to the high-performance quantitative trading modules offered by Apifiny Algo.

According to the Global Crypto Hedge Fund Report 2021, 21% of traditional hedge fund managers also actively invest in digital assets, using quantitative and algorithmic investment strategies for cryptocurrency trading. Apifiny Algo offers modules for direct access to market data, order management and a strategic framework for the implementation of the trading algorithm, thus reducing significant coding efforts. It also discusses several issues faced by quantitative traders, including coding effort, performance of existing libraries (Python vs C++), research capabilities, and implementing trading strategies. Apifiny Algo offers the fastest data processing and order placement speed in the market. Its strategy framework is new to the market, which allows traders to implement trading strategies with Apifiny and third-party strategy components.

“Since trading strategies are not one-size-fits-all, HFT traders need smart solutions that go far beyond the average trading bot,” said Haohan Xu, CEO of Apifiny. “We have identified that most crypto trading libraries only deal with accessing market data and placing orders, and we are delighted to provide a solution to this problem. Apifiny Algo gives quantitative traders the framework and the components needed to turn their research into PnL. Our product allows users to implement unique trading logics in a streamlined process, which is extremely important in today’s market.”

Apifiny Algo offers a 30-day free trial for beta users. Okcoin users who have reached a certain trading volume threshold will be granted free access after the trial. Although implemented in C++, it allows traders to code trading strategies in both Python and JSON, providing flexibility and convenience without compromising performance. The rollout will be gradual, with more advanced features launching in the coming months.

“Okcoin customers want the most innovative cryptocurrency trading tools, and we are excited to offer them the unique capabilities of Apifiny Algo,” said Jason Lau, COO of Okcoin. “We continue to see an influx of hedge funds and traditional financial clients, all of whom need well-designed commercial and quantitative frameworks in the market. We look forward to bringing them the speed, sophistication and ease of use of Apifiny Algo.

For more information, visit: https://algo.apifiny.com

About Apifiny

Apifiny® is a global digital asset exchange network for institutions. The company’s vision is to create a single global marketplace for digital assets. Apifiny aims to deliver institutional-grade performance to digital asset traders through seamless connection with global digital asset exchanges and infrastructure providers. With an account and an API, Apifiny Connect offers institutional traders the ability to trade directly on global centralized exchanges at a reduced cost. Apifiny HEX (Hybrid Exchange) is designed to provide the digital asset community with a better centralized and decentralized trading experience, including zero support fees, global price discovery, and predictable liquidity through market making automated (“AMM”) and global centralized exchanges. Apifiny also offers institutional traders market data and the ability to achieve tighter spreads, higher fill rates and better capital utilization. Based in New York, Apifiny is a trading platform with institutional-grade security and compliance. For more information, visit https://www.apifiny.com/.

About Okcoin

Founded in 2013, Okcoin is a US-based cryptocurrency exchange serving over 190 countries and territories. The platform allows retail and institutional investors to purchase over 50 digital assets using local currencies, with a mission to make crypto easy for everyone, including first-time buyers. Okcoin was the first centralized exchange to offer a direct entry into decentralized finance (DeFi) with Earn, a tool for earning APY through decentralized lending, liquidity pools, staking, and more. Additionally, Okcoin offers institutional trading tools and APIs for asset managers, venture capital and hedge funds, retail brokers, payment processors, and more. Follow Okcoin on Twitter at @Okcoin and visit okcoin.com for more information.

CONTACT: Maggie Mg



929 503 2790

maggie.ng at apifiny.com