Crypto exchanges like Gemini is giving its best to attract large algorithms traders with colocation proffering. One of the leading practice of Traditional Market – High-Frequency trading (HFT) which was considered as a long time and controversial practice had become a commonplace in crypto, as well. With the act of keeping placing physical traders close to exchanges matching engines can win an edge on speed. This technique helps HFT firms to make large profits in the legacy markets. To know more about solutions related to Gemini exchanges, you can call on Gemini customer care number which is functional all the time for guidance. The team is always there to support you.
Its demand is presently high in the market but when it talks about the benefits, it still a debate because of the structure of the crypto market. Now, many cryptocurrencies are coming out to the mainstream for high-frequency traders. Gemini which is the first crypto firms to provide colocation at New York and is about to open its second branch in Chicago. On the other hand, Singapore based exchange, Huobi and Chicago based exchange, ErisX have started begun offering colocation where the client’s server is close to the same facility or cloud as the exchange’s. With this, investors can execute trades up to a hundred times faster providing them an edge over the rest of the market.
Though none of these exchanges are going to charge for the service indication them different from the rest of the exchanges. It could be considered as a competitive exchange told by Andrey Grachev which is a head of Huobi Russia, the exchange’s client office in Moscow.
In order to be sure that these accommodations should be only in crypto, which was initially dominated by individual traders and lately has started drawing its interest from institutional investors such as hedge funds and family offices.
As the moves made by exchanges are a sign stating that high-frequency trading (HFT) would be a longterm and debatable practice in traditional financial markets has started to make its space in crypto. Though bots were there in crypto the time when Mt. Gox, colocation brought algorithmic trading to a different level.
Gemini, the biggest exchange established in the year 2014 by Cameron and Tyler Winklevoss has started primary trading platform at Equinix and provides colocation there. The exchange is also planning to provide another colocation option in Equinix’s Chicago data center where multiple stock exchanges and their HFT customer can keep their hardware as per the Gemini website.
In the recent statement given by the managing director of Gemini operations such as Jeanine Hightower Sellitto said that the exchange offers a variety of connectivity choices to suit the needs of customers. Each option is provided to the customers at free of charge. If you want to avail more information about Gemini exchange, you can call on Gemini helpline number which is functional all the time for guidance. You can contact them anytime and get rid of the queries immediately.