Tiger Trading is designed to serve all global traders in the crypto marketplace. Everything is hosted online, there is nothing to install. Operating as PaaS (Platform as a Service), Tiger Trading gives traders the power to bring all the liquidity into one place and then trade wherever there is best execution.
The retail customer is disadvantaged when trading on global crypto platforms. They are subject to market manipulation, spoofing, front running and orders moving away from their stated interest. In fast and volatile markets, there are discrepancies between the various major exchanges and challenges to get best execution. The nascent institutional market, which has yet to fully embrace the crypto market, often because of these same issues and the liquidity impact, have the ability to trade with the world’s largest OTC desks. This is not available to the individual trader. For this reason, Tiger Trading has built and will be the first to market with an OEMS that is designed to serve retail customers.
OTC Brokers and Sales Traders
OTC desks are in the business of servicing their clients as well as making markets on large trades. 100 BTC or more is not uncommon and as such, they need access to the market’s global liquidity and exchanges. Some may have their own algorithms and connectivity to the world’s exchanges and can best execute their order flow, while for others it is essential to have the same access, algorithms and speed as the more advanced brokers. As Sales Traders become more involved in the ecosystem, client order flow, record keeping and execution can be managed with Tiger Trading technology.
There are nearly 200 hedge funds dedicated to trading crypto currencies and other crypto assets. They employ many different strategies (algorithmic, quantitative, long/short, etc.) and most if not all have accounts on multiple exchanges. They need best execution and access to wherever they trade.
There are currently about 200 exchanges globally, many of whom are newer, younger than some of the more established platforms. There are new business models and products being offered and very importantly, this market is always evolving and changing, with new products and solutions constantly coming to market. Tiger Trading is committed to working with these exchanges to help bring flow and distribution. We feel this is an especially strong attribute of ours because we have the ability to scale and adopt to these new products and solutions, whether it’s futures, options or new securities. Our OEMS is capable of working with any bespoke solution.