NEW YORK--(BUSINESS WIRE/AETOSWire)-- Deltix, Inc. announced with Hehmeyer Trading + Investments that Hehmeyer’s Crypto division has completed its first month trading the Bakkt Bitcoin Futures on ICE Future U.S.
Trading of Bakkt Bitcoin Futures launched at the end of September and Hehmeyer, using Deltix CryptoCortex technology, is one of the first trading firms to make markets in the contract.
Deltix, which launched the CryptoCortex platform in 2018, has been providing quantitative research, analytics and algorithmic trading solutions for equities, futures, options and forex for over 12 years. CryptoCortex provides advanced digital asset-trading capabilities for buy-side discretionary and systematic traders, market makers, OTC desks, exchanges and broker/dealers.
The Market Maker edition of CryptoCortex is designed for the specific needs of traders making markets and arbitrage trading in digital assets. It can run multiple different algorithms with high throughputs and very low latencies.
“We are proud that Hehmeyer has had a successful month market making for Bakkt Bitcoin Futures using Deltix technology,” said Ilya Gorelik, Founder & CEO at Deltix.
“We are excited to have participated in the launch of the Bakkt Bitcoin Futures product. Our participation was enhanced with the help of the excellent tools that were created by Deltix. We look forward to significant growth in the futures contract as well as a successful launch of the options contract,” said David Nuelle, Partner at Hehmeyer Trading and Investments.
“With the first month of trading complete, we’ve seen steady growth of Bakkt Bitcoin Futures volume and we’ve made solid progress in onboarding new customers,” said Adam White, COO of Bakkt. “We appreciate the support of Deltix and Hehmeyer Trading, and we look forward to working with them on our upcoming Bitcoin options launch in December.”
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