Exegy’s Metro Adds Deribit Crypto Options Exchange
Exegy, Inc., a trading solutions provider for the capital markets, has broadened its crypto derivatives coverage for the Metro professional trading platform by integrating with Deribit. Adding Deribit, known as the world’s largest crypto options exchange, will enable crypto traders to leverage Metro’s pricing, risk management and execution features while securing a competitive edge.
Exegy’s Metro Expands Capabilities to Meet Growing Demand
According to the CEO of Exegy, David Taylor, the move to include Deribit was primarily driven by the rising demand from existing and potential Metro users. It aligns with Exegy’s overarching objective to introduce professional options trading functionality into the crypto options market, bridging the gap between traditional and crypto derivative exchanges.
“Deribit is a vital market for professional crypto options traders,” Taylor commented. “Our global customers need the same performance and functionality on Deribit that they enjoy on traditional derivatives exchanges.”
Exegy’s Metro platform offers professional traders tools such as dynamic volatility surface modeling, risk analysis and execution. As Robert Kallay, Director of Automated Trading Solutions at Exegy, explained, Metro clients can initially access Deribit’s real-time crypto options, futures book data, and implied volatility surfaces.
“And then when they are ready, they can execute trades on Deribit directly through Metro,” he added.
With a focus on user experience, Metro offers an intuitive interface and comprehensive training and support from Exegy. This is particularly beneficial for traders engaging in the over-the-counter (OTC) and call-around markets, both crucial arenas for crypto options traders.
Exegy is excited to announce the addition of @Deribitexchange, the world’s largest cryptocurrency options exchange, to the Metro professional trading platform’s covered crypto derivatives markets. https://t.co/BVQoEojQkE#cryptoderivativespic.twitter.com/fZcme6Gziq
— Exegy (@ExegyInc) June 20, 2023
Exegy Integrates Third Exchange Offering Crypto Derivatives
This development marks the third exchange listing crypto derivatives to be integrated with the Metro platform. It now supports trading capabilities for Deribit, CME, and Ledger X.
“Exegy is committed to bringing Metro’s institutional-grade trading capabilities to crypto-native exchanges like Deribit,” Taylor added. “We will continue to add new cryptocurrency exchanges as institutional interest in crypto derivatives grows.”
Exegy has also announced the appointment of new executives to its C-Suite. In March, David Taylor was promoted to the position of the CEO, Peter Feret was appointed as the CFO and Jason White was elevated to the role of the CTO. In addition, the company partnered with Bookmap, to offer a real-time market data fee for US futures and equities under the brand ‘OmniFeed’.
In a separate move, Deribit has launched futures contracts to facilitate BTC volatility trading. It has become the first crypto derivatives trading product of that type that is priced and settled in the USDC stablecoin.