Exegy Partners With Deribit To Expand Crypto Coverage On Metro
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Trading solutions provider targeting the capital markets, Exegy Inc, has expanded its coverage on crypto derivatives for the Metro professional trading platform. The company has expanded its offerings in the crypto sector by offering the products and services supported in the Deribit cryptocurrency exchange.
Exegy widens its crypto derivatives exchange
The customers of the Deribit crypto exchange will be in a position to leverage the pricing, execution, and risk management potential that is provided by the Metro platform. The development comes as more traditional brokers expand their presence across the crypto sector.
The CEO of Exegy, David Taylor, has commented on this development saying that the plan to include the Deribit platform was largely driven by the growing demand from the existing and potential users on the Metro platform.
Moreover, the integration also aligned with the objective of the company to have professional options trading functionality within the crypto options market. Exegy is also planning to bridge the gap between traditional exchanges and crypto derivatives exchanges.
“Debit is a vital market for professional crypto options traders. Our global customers need the same performance and functionality on Deribit that they enjoy on traditional derivatives exchanges,” Taylor confirmed.
The Metro platform supported by Exegy provides professional traders with access to additional tools like dynamic volatility surface modeling, execution, and risk analysis. The Director of Automated Trading Solutions at Exegy, Robert Kallay, said that the clients at Metro would access the real-time crypto options, futures book data, and volatility surfaces.
He also added that once these features are ready, they can be used to execute trades on the Deribit platform through the Metro platform. Metro also supports a friendly interface, vast training, and support. The features offered usually benefit the traders by allowing them to engage in over-the-counter and call-around markets.
Exegy partners with another crypto firm
This latest development has seen Exegy partner with the third crypto platform. The company previously supported Ledger X and CME. It now has integrated support for the Deribit digital asset exchange.
According to Taylor, Exegy was committed to making sure that the institutional-grade trading potential was available in crypto-native trading platforms such as Deribit. The executive also said that it would announce support for new crypto exchanges amid growth from institutions in crypto derivatives.
Taylor took over as the CEO of Exegy in March, with Peter Feret also taking over as the CFO. The company also secured a partnership with Bookmap for real-time market data feed in the US futures and equities market. This feed was offered through the “OmniFeed” brand to ensure that traders have an easy experience on the platform.
