Why You Need to Fasten Crypto Market Making Software to Your Exchange
Manual market makers are hired trading professionals who consistently and consecutively quote bids and asks for a specified asset in order to keep its market liquid and deep.
If you are thinking of hiring manual market making services, the below-mentioned five points might change your mind. Let’s study the benefits of crypto market making software:
Automated Cryptocurrency Trading
Unlike a conventional crypto market making services provider, an algorithmic trading instrument can offer round-the-clock services without fail. It takes no holidays or breaks like its human counterparts and therefore helps market makers, traders, or exchange owners deploy built-in or secret strategies and seize opportunities anytime and every time.
Consistent Spreads and Optimum Order Book Depth
A market making software can potentially be used to deploy various market making strategies as needed over time to ensure tighter spreads and market depth. By configuring the crypto market making software to quote buy and sell offers at a smaller price difference and multiple price levels, a good spread and order book depth can be maintained.
Hotlink Orders
This standout feature of market maker software lets exchanges stream external liquidity effortlessly. A crypto market maker software that fetches liquidity from multiple popular third-party trading platforms (such as Binance, Huobi, Coinbase, and Kraken) can exponentially increase the chances of success for a centralized or decentralized exchange.
Risk Management
Crypto market making software can reflect and implement risk management practices so that malicious trading activities such as pump and dump can be prevented and market makers can capitalize on arbitrage opportunities. Risks can be effectively managed with an algorithmic market making instrument that has easy-to-configure ends and in-built features.
Organic Trading Volume
Black box crypto market making services may engage in the creation of fake or artificial trading volume, which involves trading against themselves within the spread. Organic market making may bring relatively slow results but is more sustainable. A transparent algorithmic market maker enables you to exercise complete control over the market making activity.
How to Select the Best Crypto Market Making Software?
Undoubtedly, an algorithmic market making mechanism offers more efficacy and accuracy than a traditional manual market making ecosystem. Crypto trading businesses opting for market making software must still consider this criterion to determine the viability of an algorithmic automated trading mechanism. Here are the factors to consider:
- Security Features: The first and foremost thing to consider while choosing anything to fasten to your crypto exchange platform is its security mechanism. Make sure that the market making software is integrated with all the essential features to safeguard against all kinds of attacks.
- Specifications: Various features of crypto market making software differentiate it from traditional market making services. Make sure that your algorithmic market making software has the best features, such as backtesting, risk management, stop-loss restrictions, etc., to help you profit from real-time market possibilities.
- User-Friendly Interface: For imitating the general functions of market making services, a simple UI of software is preferable to a complex one. You might need to deploy your secret market making strategy or integrate more third-party liquidity providers into your exchange, which is why you require configurable endpoints.
- Affordability and Personalization: Crypto trading businesses' expectations from making software are highly subjective. Therefore, a scalable and customizable crypto market making solution is preferable to a rigid off-the-shelf software solution. Affordability is another important factor to consider. Make sure you are not lured into something that is overly expensive and less useful.
Why Choose Crypto Market Making Software From Antier Solutions?
Antier is a leading web 3.0 consulting company with extensive experience in the domain. They have been offering a wide range of dApp development services to help businesses pave the way for utter decentralization.
Exploit their unparalleled expertise and ample experience in cryptocurrency software development to come up with a crypto market making solution that encompasses the capabilities of orthodox crypto market making services.
The following features of their cryptocurrency market making software gives it a competitive edge:
Relevant Bid-Ask Orders on New Exchanges
Enable organic liquidity with relevant bids and ask orders that come from popular third-party exchanges.
Real-time Adjustability to Market Situations
An easily configurable API lets you devise and deploy new strategies and integrate any new third-party exchange for liquidity.
Automated Cryptocurrency Trading
A self-executing trading bot that allows you to implement any strategy of your choice is imperative to your crypto trading business's success.
24/7 Trading
Most complex trading strategies can be implemented with just a push of a button, and 24/7 trading lets traders take home more money.
Transparent Market Making
Take control of all the trading and market making activities going on within your crypto trading platform with software that is transparent.
Order Book Aggregation
Another feature that gives exchange owners a competitive advantage lets them merge orders on their platform with those on third-party exchanges.
Low Latency Market Making Technology
Advanced market making mechanisms facilitate high-frequency trades, which not only benefit platform owners and traders but also build robust markets.
Real-time Access to Data
With transparency, you get real-time access to all the data related to your crypto market making and exchange platform.
Risk Management
Manage risks effectively and facilitate total security with meticulously built risk management mechanisms.
Have any questions regarding their products or services? Feel free to get in touch with their subject matter experts. They also entertain any special requirements you may have regarding your project.
