# XTRD.io Joins the FIX Trading Community to Help Bring Institutional Money Into Cryptocurrency Markets
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-05-29
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: XTRD.io Joins Global Financial FIX Trading Community
Meta Description: XTRD.io, founded by Wall Street specialists, is developing FIX API tools for institutional investors to trade digital assets. Joining FIX Trading Community to
URL: https://financedigest.com/xtrd-io-joins-the-fix-trading-community-to-help-bring-institutional-money-into-cryptocurrency-marketshtml

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_The tech company who is building a suite of tools, including a FIX API, that will allow institutional investors to easily trade digital assets has taken a role within the global financial FIX trading community_

[XTRD.io](https://xtrd.io/), a company founded by veteran Wall Street trading specialists that is developing a set of technologies that will allow institutional investors to trade cryptocurrencies, has joined the [FIX Trading Community](https://www.fixtrading.org/), an international organization aimed towards fostering the interoperability of global financial markets. By joining the prestigious organization mostly made up of traditional financial companies, XTRD looks to work alongside global financial organizations to develop universal standards for their own FIX protocols that will integrate with cryptocurrency markets.  The company also looks to act as an ambassador for onboarding traditional financial players into the world of cryptocurrencies.

The Financial Information eXchange (FIX) protocol is an electronic [communications protocol developed in the early 90s for international real-time exchange of information pertaining to the securities markets](https://www.financedigest.com/improving-reputation-in-the-banking-sector-through-marketing-communications.html "IMPROVING REPUTATION IN THE BANKING SECTOR THROUGH MARKETING COMMUNICATIONS"). The FIX Trading Community is a non-profit organization that seeks to address business and regulatory issues impacting multi-asset trading in [global markets](https://www.financedigest.com/anti-microbial-nanocoatings-market-global-industry-analysis-size-share-growth-trends-and-forecast-2025.html "Anti-Microbial Nanocoatings Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2025"). This is facilitated through promotion of the FIX family of standards, including the core FIX Protocol messaging language, which has transformed the trading environment and become a standard bearer for [global](https://www.financedigest.com/global-stocks-trade-higher-at-the-end-of-a-volatile-month.html "Global stocks trade higher at the end of a volatile month") trading.

Having been used on [Wall Street](https://www.financedigest.com/disney-streaming-beats-wall-street-targets-earnings-miss.html "Disney streaming beats Wall Street targets, earnings miss") for over 25 years, FIX API is a best-in-class technology for traders that provides precise and virtually instant pricing data. By minimizing ‘slippage’, FIX gives traders an edge when it [comes to capitalizing on market](https://www.financedigest.com/constructive-digitization-to-let-the-remote-patient-monitoring-services-market-come-of-age.html "Constructive digitization to let the Remote Patient Monitoring Services Market come of age") movements, including entering and exiting various cryptocurrencies.

Alexander Kravets, a veteran [Wall Street](https://www.financedigest.com/wall-street-pushes-stocks-oil-higher-on-promising-data-2.html "Wall Street pushes stocks, oil higher on promising data") trader and co-founder of XTRD.io, says: “For institutional money to pour into the cryptocurrency space, there needs to be an infrastructure to rival that which they’ve been accustomed to on Wall Street. In joining the FIX Trading Community, and helping to create FIX standards and specifications,, we’re making steps towards [bridging the gap between traditional finance](https://www.financedigest.com/sas-bridge-financing-keeps-survival-hopes-airborne-shares-climb.html "SAS bridge financing keeps survival hopes airborne, shares climb") and crypto and the result will be faster trades, more accurate pricing, and greater profitability.”

One of the problems that XTRD.io’s use of FIX will solve is slippage, whereby large transactions cannot be sold without causing the [market to move](https://www.financedigest.com/the-next-upcoming-years-to-see-the-dental-biomaterial-market-move-exponentially-upwards.html "The Next Upcoming Years To See The Dental Biomaterial Market Move Exponentially Upwards") by 10% or more. Coupled with low liquidity, this problem has deterred large-scale [investors from taking sizeable positions in the burgeoning cryptocurrency market](https://www.financedigest.com/analysis-oil-prices-turn-more-volatile-as-investors-exit-the-market.html "Analysis-Oil prices turn more volatile as investors exit the market").

By joining the FIX Trading Community and actively participating in working groups such as the FIX Cryptocurrency working group that encourage discussions and development between the company and traditional global financial companies, XTRD.io looks to develop best in class [technology that brings more stability to the market](https://www.financedigest.com/medical-device-technologies-market-expectations-and-growth-trends-highlighted-until-2028.html "Medical Device Technologies Market Expectations and Growth Trends Highlighted Until 2028"), thereby making it more attractive to institutional traders.

_To learn more about XTRD visit:_ [_www.xtrd.io_](http://www.xtrd.io/)


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