B2C2 Expands Its Use of KX’s Analytical Software

B2C2, a cryptocurrency liquidity provider owned by Japan’s SBI Holdings, has expanded its partnership with KX, a provider of database and analytics engines, for more advanced trading analytics and offering expansion.

According to the press release, B2C2 will use high-performance and real-time analytics solutions provided by KX, including KX Dashboards, a visualization tool for databases and datasets. The new tool is expected to offer institutional clients, who are increasingly looking to invest in the cryptocurrency ecosystem, services and products similar to those provided by T1 investment banks in traditional finance.

KX’s analytics
Analytics

Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analytics may also be structured with a descriptive model, where readers attempt to draw a correlation and better understanding as to how and why traders react to a particular set of variables. Traders sometimes implement technical indicators such as moving averages, Bollinger Bands, and breakpoints which are built upon historical data and are used to predict future price movements. How Analytics Relates to Algo TradingAnalytics are relied upon in the concept of algorithmic trading where software is programmed to autonomously signal and/or execute buy and sell orders based upon a series of predetermined factors. In the institutional space, Algo-trading has become vastly competitive over the years as trading institutions seek to outperform competitors through automated systems and the virtual application of trading strategies.The digestion and computation of analytics are also seen in the emerging field of high-frequency trading, where supercomputers are used to analyze multiple markets simultaneously to make near-instantaneous automated trading decisions. Platforms that support HFT have the capability to…