, the full-stack crypto trading, portfolio and risk management platform, today announced a partnership with Michael Novogratz’s Galaxy Digital to improve the infrastructure supporting the institutional adoption of cryptocurrency trading.
As part of the relationship, Galaxy Digital has become one of the initial users of the full-stack crypto trading, and portfolio and risk management platform. In addition, Galaxy Digital will join the Caspian team as a technology consultant and advisor to help drive the future development of the platform.
Mike Novogratz, founder of Galaxy Digital, said: “We believe institutional investors will drive exponential growth in the cryptocurrency market. We are excited to partner with a firm like Caspian and look forward to working with them to further evolve and enhance the platform.”
Caspian’s platform has been designed to meet the needs of institutional asset managers who need to execute trades and maintain target allocations across multiple exchanges. It provides a single interface into all major crypto exchanges, and real-time and historical P&L and exposure tracking. New algorithmic trading strategies including Volume Weighted Average Price (VWAP), Time Weighted Average Price (TWAP), Percentage of Volume (POV), Implementation Shortfall (IS) among others will be layered on top of its Smart Order Router (SOR) are due to be released at the end of this month.
Caspian is live across 20 crypto exchanges, providing full-depth market data, order routing, trading and feed websocket APIs and other sophisticated connectivity and interoperability features. An additional 20 exchanges are expected to be added by the end of Q3 2018.
Caspian CEO Robert Dykes said: “We’re offering institutional investors a frictionless, integrated ecosystem to trade on. Galaxy’s decision to become a user on the platform is yet another important step for Caspian in becoming the go-to trading platform for sophisticated investors. Mike and his trading and technology teams’ guidance and partnership in the project will be invaluable.”