Caspian Integrates Brave New Coin data for institutional investors
Caspian, a full-stack crypto trading and risk management platform for institutional investors and sophisticated traders, has partnered with Brave New Coin (BNC), a blockchain and cryptographic assets research company, to deliver trading tools for professionals.
Through the partnership, Caspian will incorporate BNC’s comprehensive market data to assist in calculating fairer fees and market positions for traders using the Caspian platform.
Gathering and analysing data from more than 200 exchanges, 24/7, BNC’s integrated Spot Price engine calculates a time-stamped, Global Weighted Average (GWA) of multiple price points every five minutes. The engine ensures professional traders and investors can access reliable, up-to-date, and accurate data with more reasonable fees. As traders buy and sell on the Caspian platform across a number of venues, their trading fees and positions will be calculated on its mark-to-market value, rather than an arbitrary cost or single exchange source.
Robert Dykes (pictured), CEO of Caspian, says: “2018 has definitely seen unprecedented institutional interest in developing and accelerating global digital asset infrastructure, but there is still a lot more that needs be done in order to attract more traditional actors to participate. Providing traders with the right tools to make accurate, data-backed decisions is just one of the ways we can encourage further institutional entrants.”
“Traditional traders are accustomed to using the best market information available, with fair, independent, and accurate fees based on a weighted average. The integration of BNC’s Spot Price Engine will bring these principles to our users, improving the suite of tools available to institutional and sophisticated investors. As traders continue to grapple with one of the major challenges of their profession – exorbitant, arbitrary transaction fees – providing a fairer system is crucial to the evolving institutional-crypto relationship.”
BNC’s market data will be integrated into Caspian’s comprehensive Order & Execution Management System (OEMS), the industry leading investment management system. The full-stack crypto asset management platform uniquely offers pre-trade compliance, algorithms, portfolio management, risk, and reporting.
Fran Strajnar, CEO of Brave New Coin, says: “Institutional players are particularly wary of crypto as a legitimate asset class, which can be attributed in part to the seemingly incalculable market conditions. The race is currently on to provide institutionally recognized market data and analysis that can predict changing market conditions, and the year ahead will see an increased demand for a higher standard of asset management software.”
“In this sense, Caspian is making all the right moves, working alongside a number of industry pioneers, advocates, and financial services veterans, to bridge the gap between institutional-grade tools and the growing interest from sophisticated, professional traders and investors.”
With its new collaboration, Brave New Coin joins an industry-leading list of Caspian’s existing partners, which includes more than 25 of the world’s leading cryptocurrency exchanges, such as Coinbase, Binance, BitMex, Bitfinex, and Huobi, along with industry titans Gemini.