Algotrader reinforces second business pillar


The fintech start-up Algotrader is not only active in the field of quantitative trading but has also developed a digital asset and cryptocurrency trading and execution platform. This trading platform which is now marketed under the name WIRESWARM allows banks to trade multiple regulated crypto liquidity venues and achieve best price execution through a single API connection.


WIRESWARM allows banks and other financial institutions to maintain a single yet secure connection to major digital asset liquidity providers such as exchanges, brokers, OTC desks and market makers. Using WIRESWARM, a bank can choose the optimal trading counterparties to ensure best price execution thereby fulfilling regulatory requirements. WIRESWARM's interface and user-friendly digital asset trading infrastructure allow financial institutions to seamlessly integrate the platform into existing core banking and trading infrastructure.

WIRESWARM already provides this mission-critical trading infrastructure to one of the first two regulated digital asset banks globally. “We have been working on WIRESWARM since 2017 and are proud of having already acquired a number of institutional clients who are using the WIRESWARM infrastructure as part of their core banking technology infrastructure. Our secure WIRESWARM platform has helped our institutional clients master the recent market volatility with confidence” concludes Andy Flury, Founder and CEO at AlgoTrader AG.

Swiss-based AlgoTrader AG recently completed a series A investment round from institutional growth investors totalling CHF 3.7 million led by a global tier 1 bank. With the confidence of its investors, AlgoTrader AG`s standing in the field of digital and tokenized assets was now further cemented with the launch of WIRESWARM. The brand name AlgoTrader stands from now on only for the Java-based algorithmic trading platform that enables trading firms to rapidly develop, simulate, deploy and automate any quantitative trading strategy for any market.

(Press release / SK)