Exegy,
Inc., a trading solutions provider for the capital markets, has broadened its
crypto derivatives coverage for the Metro professional trading platform by
integrating with Deribit. Adding Deribit, known as the world’s largest crypto
options exchange , will enable crypto traders to leverage Metro’s pricing, risk
management and execution features while securing a competitive edge.
According
to the CEO of Exegy, David Taylor, the move to include Deribit was primarily
driven by the rising demand from existing and potential Metro users. It aligns
with Exegy’s overarching objective to introduce professional options trading
functionality into the crypto options market, bridging the gap between
traditional and crypto derivative exchanges.
“Deribit
is a vital market for professional crypto options traders,” Taylor commented.
“Our global customers need the same performance and functionality on
Deribit that they enjoy on traditional derivatives exchanges.”
Exegy’s
Metro platform offers professional traders tools such as dynamic volatility
surface modeling, risk analysis and execution. As Robert Kallay, Director of
Automated Trading Solutions at Exegy, explained, Metro clients can initially
access Deribit’s real-time crypto options, futures book data, and implied
volatility surfaces.
“And
then when they are ready, they can execute trades on Deribit directly through
Metro,” he added.
With a
focus on user experience, Metro offers an intuitive interface and comprehensive
training and support from Exegy. This is particularly beneficial for traders
engaging in the over-the-counter (OTC) and call-around markets, both crucial
arenas for crypto options traders.
Exegy is excited to announce the addition of @Deribitexchange, the world’s largest cryptocurrency options exchange, to the Metro professional trading platform’s covered crypto derivatives markets. https://t.co/BVQoEojQkE#cryptoderivativespic.twitter.com/fZcme6Gziq
— Exegy (@ExegyInc) June 20, 2023
Exegy Integrates Third Exchange
Offering Crypto Derivatives
This
development marks the third exchange listing crypto derivatives to be
integrated with the Metro platform. It now supports trading capabilities for
Deribit, CME, and Ledger X.
“Exegy
is committed to bringing Metro’s institutional-grade trading capabilities to
crypto-native exchanges like Deribit,” Taylor added. “We will
continue to add new cryptocurrency exchanges as institutional interest in
crypto derivatives grows.”
Exegy has
also announced the appointment of new executives to its C-Suite. In March,
David Taylor was promoted to the position of the CEO, Peter Feret was appointed
as the CFO and Jason White was elevated to the role of the CTO. In addition, the company partnered with Bookmap, to offer a real-time market data fee for US
futures and equities under the brand ‘OmniFeed’.
In a separate move, Deribit has
launched futures contracts to facilitate BTC volatility trading. It has become the first crypto derivatives trading product of that type
that is priced and settled in the USDC stablecoin .
Exegy,
Inc., a trading solutions provider for the capital markets, has broadened its
crypto derivatives coverage for the Metro professional trading platform by
integrating with Deribit. Adding Deribit, known as the world’s largest crypto
options exchange , will enable crypto traders to leverage Metro’s pricing, risk
management and execution features while securing a competitive edge.
According
to the CEO of Exegy, David Taylor, the move to include Deribit was primarily
driven by the rising demand from existing and potential Metro users. It aligns
with Exegy’s overarching objective to introduce professional options trading
functionality into the crypto options market, bridging the gap between
traditional and crypto derivative exchanges.
“Deribit
is a vital market for professional crypto options traders,” Taylor commented.
“Our global customers need the same performance and functionality on
Deribit that they enjoy on traditional derivatives exchanges.”
Exegy’s
Metro platform offers professional traders tools such as dynamic volatility
surface modeling, risk analysis and execution. As Robert Kallay, Director of
Automated Trading Solutions at Exegy, explained, Metro clients can initially
access Deribit’s real-time crypto options, futures book data, and implied
volatility surfaces.
“And
then when they are ready, they can execute trades on Deribit directly through
Metro,” he added.
With a
focus on user experience, Metro offers an intuitive interface and comprehensive
training and support from Exegy. This is particularly beneficial for traders
engaging in the over-the-counter (OTC) and call-around markets, both crucial
arenas for crypto options traders.
Exegy is excited to announce the addition of @Deribitexchange, the world’s largest cryptocurrency options exchange, to the Metro professional trading platform’s covered crypto derivatives markets. https://t.co/BVQoEojQkE#cryptoderivativespic.twitter.com/fZcme6Gziq
— Exegy (@ExegyInc) June 20, 2023
Exegy Integrates Third Exchange
Offering Crypto Derivatives
This
development marks the third exchange listing crypto derivatives to be
integrated with the Metro platform. It now supports trading capabilities for
Deribit, CME, and Ledger X.
“Exegy
is committed to bringing Metro’s institutional-grade trading capabilities to
crypto-native exchanges like Deribit,” Taylor added. “We will
continue to add new cryptocurrency exchanges as institutional interest in
crypto derivatives grows.”
Exegy has
also announced the appointment of new executives to its C-Suite. In March,
David Taylor was promoted to the position of the CEO, Peter Feret was appointed
as the CFO and Jason White was elevated to the role of the CTO. In addition, the company partnered with Bookmap, to offer a real-time market data fee for US
futures and equities under the brand ‘OmniFeed’.
In a separate move, Deribit has
launched futures contracts to facilitate BTC volatility trading. It has become the first crypto derivatives trading product of that type
that is priced and settled in the USDC stablecoin .
