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Nov 2024/
8 Dec 2020
Using BSO’s global network, CryptoStruct simplifies how professional traders connect to, analyse and trade on cryptocurrency markets.
Dublin, Ireland
8 December 2020
BSO, the leading global telecoms operator powering the digital age, has delivered a unique ultra low latency connectivity service for CryptoStruct. This bespoke cloud-to-cloud service underpins CryptoStruct’s professional market data platform.
Based in Hamburg, CryptoStruct centralises and normalises crypto market data from multiple exchanges. This unrivalled insight enables professional and institutional traders to react to market trends in real-time, conduct historical analysis, and trade faster and safer.
Thomas Schmeling, Chief Executive Officer at CryptoStruct:
“We engaged BSO because of its global reach, reputation for ultra-low latency connectivity, and experience in highly regulated financial markets. These qualities have proven true; however, it is the company’s pace and flexibility that have stood out to us again and again.”
Continued…
“BSO engineered an entirely unique service for our specific requirements. Exchanges often change their cloud hosting without warning, so it is critical that we have a network partner that can react as rapidly as we do. BSO was the only provider capable of matching our pace and specific needs.”
Michael Ourabah, Chief Executive Officer at BSO:
“Innovation runs through our DNA and BSO’s heritage of empowering market makers is once again on show with this exciting partnership. CryptoStruct simplifies how traders access this dynamic asset class with a high-trust, robust solution built on market-leading infrastructure. I am proud of how our team rose to the challenge and delivered a world-first, industry-beating service.”
CryptoStruct’s team have decades of experience in low latency high frequency trading (HFT) and market making. The company is a subsidiary of SSW Holding GmbH and a group member of SSW Trading, one of Europe’s largest HFT firms and market makers.
BSO’s cloud-to-cloud service connects CryptoStruct to exchanges hosted in Dublin, Tokyo and Singapore using its low latency backbone while also providing it with the necessary global reach to onboard new exchanges as soon as they come online.
About CryptoStruct
CryptoStruct is a Hamburg-based start-up, founded in late 2019, but with many years of experience in algorithmic stock exchange trading. It develops software for automated trading of cryptocurrencies and derivatives. Its target groups are professional trading companies, market makers, banks, and investment funds from all over the world.
A significant challenge in this area is the variety of protocols, APIs, and closed systems. CryptoStruct converts them to a normalised format in real-time and provides a unified interface. The market data is offered at various endpoints all over the world to allow the lowest possible latency.
With its product, the user can develop, test, and run their automated trading strategies within a short time. It offers its customers a fully comprehensive solution for trading, analysis, controlling, documentation, and compliance. The user can fully concentrate on the development and monitoring of their trading strategies.
Its system is based on cloud services and can be scaled quickly and cost-effectively. This enables it to react promptly to market changes.
“RF technology has been with us for quite some time now. There are the prop and algo-trading firms that are on the bleeding edge of these technologies to get the edge to win but adoption by the more mainstream financial and capital markets communities is usually a lot slower.”
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