We will talk about the Best Crypto Algo Trading Software in India and how to pick the right algorithmic trading software
What is Crypto Algo Trading Software?
With the development of computer programming, traders realized that they can utilize this technology for faster, efficient trading. Consequently, Algorithmic Trading came into use and popularity in the late 1970s.
Algo Trading is a software which is pre-programmed to account various variables such as price and volume to make trading decisions. Algo Trading utilizes complex mathematical formulas & computer algorithms along with financial models based on proven strategies to execute real-time trading decisions. This effectively removes the human-emotion factor which is detrimental to a good decision making especially in times of bearish phase.
Algo traders often use High-Frequency Trading or HFT too, to beat the minute time-changes of prices and make thousands of trades within seconds.
Advantages of Algo Trading Software
Algo trading has many benefits especially for institutional investors and big brokerage houses. It cuts down the cost related to trading and also help in enhancing market liquidity. In Crypto Algo trading, the trades are executed speedily & efficiently hence it helps in booking profit swiftly through minute price changes.
Who uses Algorithmic Trading Software?
Institutional investors, investment banks and proprietary trading firms use Crypto Algo trading software. The firms with cash reserves and large trading center with support staff, use Algo too. Either they buy the software or build one of their own.
Which is the best Algo Trading Software in India?
PTX Algo is the best algo trading software in India. It is AI based high performance software with available integrations with world’s top traded exchanges such as Binance, KuCoin, Huobi Global, Coinbase, Bitmart, Wazirx, CoinDCX etc.
PTX Algo trading software runs on multiple different algorithms with high throughputs & low latencies within multiple markets to execute institutional grade trading strategies. It is design for the specific needs of exchanges and arbitrageurs in the digital world.
The brain behind the success of the best algo trading software in India is a team of PlatinX Technology. The team has decades of experience in market making, HFT, Hedging, Risk Management and Algo Trading. They used their expertise, technology and proven strategies to give the world, the best algo trading software.
PTX Algo has a simple user interface and easy to program mechanisms. Some of the features of PTX Algo software are –
- Availability of Market and Crypto data – PTX Algo provides real-time market data and price quotes. It has both real-time market data feed as well as crypto data feed too and can be customized to include crypto specific data such volume traded etc. with easy to integrate alternate source options too.
- Connectivity to various markets and exchanges – As we already mentioned PTX Algo has connectivity with World’s top exchanges such as WaxirX, Binance, Coinbase etc. This software can analyze and deal with data feeds in various formats. There is also option to connect with data aggregators and incorporate those analysis in the regular feeds.
- Latency – PTX Algo is a low latency software. PTX Algo can easily deal with dynamic trading world where even fraction of seconds’ matter. With direct connectivity with the exchanges, the software gives you the lowest latency possible in todays world.
- Customization – Different configurability and customization options are available in this best algo trading software. Traders can switch different functionalities such as moving average etc. to work as per their preferences.
- Backtesting – This PTX algo software is backtested on proven multiple strategies with use of historical data to give the best trading software to the clients. It can assess new strategies profitability and possibility on the historical data.
Where to begin?
The software cannot make up for your acumen and trading experience. Sometimes there are situations where human intelligence is more efficient than artificial intelligence. That being said, one can only benefit from the PTX algo trading software. You can download it from the website – www.platinx.io