BTSE Deploys Broctagon Aggregation Engine

Digital assets exchange BTSE has deployed Broctagon Fintech Group’s Nexus 2.0 aggregation engine.

Nexus 2.0 is built upon FX technology, the firm says its STP engine framework functions in a similar fashion to the FX markets’ interbank liquidity and the aggregator also works like a hub complete with hedging functions and risk management models.

Although the news was unveiled in a release, it appears that the deployment actually took place at the end of 2020, for Broctagon says BTSE has experienced an “eight-fold increase in trading volume” since deployment in December.

“With liquidity sourced from a unified pool, we can offer our traders consistently tighter spreads, translating into enhanced market depth and greater volumes,” says Jonathan Leong, BTSE CEO and co-founder. “Furthermore, our white label exchange solution coupled with the Nexus 2.0 liquidity engine is a winning combination that enables our clients to tailor their platforms with an extensive range of features.”

Ted Quek, chief technology officer at Broctagon, adds, “The volatility of the cryptocurrency markets presents significant challenges to exchanges that do not have the market depth to keep up with big price movements, which is all but a select few. By providing global liquidity to these players, we are confident Nexus 2.0 can empower crypto exchanges and allow crypto trading to mature and reach the level of sophistication of FX.”