Institutional-Grade Trading Terminal Helps Institutional Investors Comply With Stricter Cryptocurrency Regimes
The regulatory hammer is coming down on cryptocurrency markets. Japanese financial regulators are forcing the closure of unlicensed exchanges while the U.S. Securities and Exchange Commission is reviewing the operations of over 100 crypto funds. Rather than feel intimidated, investors should feel more secure. So far, increased regulatory oversight has been a positive development for cryptocurrency markets. Japan, for example—the first market to regulate cryptocurrency exchanges—accepts Bitcoin as a form of money.
The message is clear: the cryptocurrency market needs to take greater strides to bring its compliance and risk management practices in line with those of regulated financial markets. The move towards self-regulation by associations in Japan and the UK is a step in the right direction but not a complete solution.
A New Institutional-Grade Cryptocurrency Trading Platform
“The hedge fund industry and regulators are demanding that the hedge fund industry improve operational controls, deepen their compliance infrastructure, work on their cybersecurity issues and improve risk management,” explains hedge fund professional Eric H. Anderson, whose firm has found a complete compliance solution in an institutional-grade trading terminal called the Blockchain Terminal (BCT).
Beyond the compliance tools, the institutional-level trading interface provides the data and information tools to crypto trading that other asset classes such as forex, stocks, bonds, and futures have long benefited from. All bids and offers are consolidated on one screen, alongside news, data, and social media. The trading desk can now see the activity and depth of the market and which of the top 60 crypto exchanges will provide the best pricing.
Robert Bonomo, president of the Blockchain Terminal and a former CIO with major asset management firms, describes the terminal as an important tool for the future of asset management: “A convergence will occur over the next few years whereby the new digital currency asset class will be seamlessly incorporated into traditional asset management processes, systems and portfolios.”
Leveling the Playing Field for Smaller Investment Managers
Beyond asset value preservation, investment managers view ComplianceGuard as the tool that will enable them to engage in crypto trading with peace of mind. The ledger of encrypted transactions on the Blockchain, audible transaction trail, and alert routing capabilities provide an additional level of security to investors. The entire administration of asset management is transformed on the Blockchain ledger with a cleaner process that seamlessly integrates the front trading and analytics functions with the middle and back office compliance, tracking, and settlement systems.
The App Store for Crypto-Fiat Investment Management
The Blockchain Terminal is open source to incentivize developers to develop smarter trading algorithms and new levels of functionality for a converging crypto-fiat trading environment. The BTC platform is a tokenized app store for institutional traders. The aim is to attract the talent of the quantitative analysts who are paid top dollar to produce trading software and analytics for proprietary black boxes at investment banks. The potential profit from both the app development and BCT ecosystem’s success, as a holder of BCT tokens equating to a stock share in the platform, could motivate the cutting edge trading software development to move to the open source Blockchain model.
Both small and large institutional investors can start using the BCT institutional-grade trading terminal by buying the BCT token in the current initial coin offering running until April 30, 2018.
Join the token sale at tokensale.bct.io and visit the website bct.io for more information.
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