OKX liquidity market launches"Spread Express", allowing institutional clients to complete basis trading with just one click.
June 27, 2023 - OKX today launched a new one-click spread trading function called "Spread Express" on its institutional-grade liquidity marketplace. OKX's liquidity marketplace is a network for over-the-counter trading, delivery spread, and options liquidity, allowing traders to execute complex basis trading with just one click.
Basis trading strategies are based on the price difference of an asset in two different markets (such as the price difference between the spot market and the futures market). If executed properly, it can yield returns. Generally, traders need to manage two different contracts simultaneously when implementing basis trading strategies, which is complex and time-consuming. OKX's "Spread Express" function automates the execution of complex trading strategies, leveraging OKX's superior liquidity and low latency to maximize user profits.
OKX's "Spread Express" is also one of the few unique basis trading tools in the cryptocurrency market, supporting users to execute trades on two different contracts through a central order book to eliminate execution risks between different product markets. Before execution, traders can also choose to hedge the price difference to mitigate the risk of unexpected price slippage. Once the execution is confirmed by the user, the transaction can be immediately matched and settled.
Lennix Lai, OKX's Head of Business, Global, said: "In the current volatile market environment, institutions demand stable and predictable returns, while also requiring selected exchanges to be innovative. This is especially true for basis trading, as trade execution must be precise. 'Spread Express' improves the industry efficiency and accuracy standards of basis trading. We invite institutional traders from around the world to adopt this new function to enhance their strategies and achieve success."
The "Spread Express" interface is user-friendly and convenient, facilitating institutional traders to execute various basis trading strategies. Institutional traders only need to unify the order book format to execute popular delta one basis strategies such as calendar spread, roll yield, and funding rate arbitrage.
OKX's liquidity marketplace, designed to meet the needs of institutional users, provides deep liquidity and a variety of digital asset trading strategies, including delivery spread, large-scale options block trades, over-the-counter spot trading, and supports the execution of large-scale trades. OKX announced in April that its "liquidity marketplace" had already exceeded $1 billion in institutional trading volume in the first three months of 2023.
Disclaimer:
This announcement is for reference only. It is not intended to provide any investment, tax, or legal advice and should not be construed as an offer to buy, sell, or hold digital assets. Holding digital assets, including stablecoins, carries high risks and may have significant fluctuations, and you may even lose the entire value of your assets. As OKX is not regulated by the Financial Conduct Authority (FCA) in the UK, it will not be able to provide you with regulatory or financial compensation scheme protections. You should ensure that you understand how cryptocurrencies operate and carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. The value of your digital assets, including stablecoins, can rise or fall, and any profits made may be subject to capital gains tax. Past performance is not indicative of future results. If you have any specific concerns about your own situation, please consult your legal/tax/investment expert.
