2019-2-16 22:55 |
The Enterprise market technology developer Fundamental Interactions launched a new automated hedging platform specifically designed for tokens. With this platform, the intention is to jumpstart liquidity in new token exchanges. The information was released by the company in a press release.
The company is launching a new service that allows automated market refactor quote feed from external sources and provide continuous liquidity. There is already a user that is committed to using this service in Bermuda. The firm that is ready to be working with this service is Velocity Ledger.
In order for this service to work, it needs an auto-quoting feature that will be pulling bid-ask quotes from external data sources in order to create liquidity. After it, the auto-hedger service will be liquidating the best positions with an auto-quoting feature.
The company explained that although the platform is compatible with any asset, they built it with tokens in mind. Julian Jacobson, the president and chief operating officer of the company, commented about it:
“The ability to generate instant liquidity… for digital asset tokens that are actively trading in other markets is an important avenue.”
At the end of 2017 and the beginning of 2018, there has been a large number of Initial Coin Offerings (ICOs) released to the market. The bull trend experienced by most virtual currencies allowed new firms and projects to sell tokens to fund their ideas and platforms. However, some of the platforms and coins that were launched at that time were not able to survive the bear market that affected the whole space the last year.
With the services provided by Fundamental Interactions, it might be possible for traders and issuers to have access to a liquid token market rather than one without liquidity. This will be giving more value to the technology.
Similar to Notcoin - Blum - Airdrops In 2024