Firms Collaborate to Optimise Crypto Order Routing

Quantitative digital asset trading firm GTS Digital has partnered with technology provider Wyden and decision intelligence provider Ideal, to optimize its liquidity management and enhance its order routing and trade execution.

GTS says it requires deep liquidity and sophisticated execution, thus demands a reliable and performant trading infrastructure to deploy its portfolio of algo trading strategies across multiple trading venues. In addition, it says it operates several strategies, requiring a feature-rich portfolio management system. Since digital asset markets are constantly evolving, one of GTS Digital’s core objectives is to continuously improve order routing and trade execution performance, the firm says.

To meet these requirements, GTS Digital has deployed Wyden’s trading infrastructure develop, back-test, optimise and deploy its quant strategies into production, using Wyden’s portfolio and OEMS platform.

In combination with implementing the Wyden trading infrastructure, GTS Digital integrated Ideal’s liquidity management analytics and Algo TCA (transaction cost analysis) for spot and futures. These analytics quantify market impact and identify factors which can improve trading profits – offering further optimisation beyond simple analytics or TCA.

At its core, GTS Digital says, this infrastructure has enabled the creation of a continuous feedback loop that allows GTS Digital to assess the actual ex-post performance against original input assumptions which allows for further fine-tuning to drive more optimal results for future trades.

“Upon successfully deploying Wyden’s trading infrastructure, we integrated Ideal’s analytics and TCA solution,” explains Ryan Sheftel, CEO of GTS Digital. “This empowered us to generate a continuous real-time feedback loop, resulting in significant improvements to our order routing, market impact, transaction costs, execution quality and profitability.”