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.”
About Deltix, Inc.
Deltix was founded in 2005 by a group of computer scientists and mathematicians with extensive expertise in sophisticated quantitative and event-driven solutions. With a growing team of over 80 engineers, Deltix provides software and services for quantitative research, algorithmic trading and execution analytics across equities, futures, options, FX, fixed income and digital assets. Deltix provides its solutions to institutional systematic and discretionary buy-side firms, sell-side firms. OTC desks and crypto exchanges. For more information, please see www.deltixlab.com.
Hehmeyer Trading + Investments is an industry-leading trading and investment firm steeped in the tradition of Chicago market making. With decades of experience in trading equities, futures, and options, Hehmeyer offers a full range of services and support in the four major areas of expertise: Hehmeyer Crypto (OTC), Hehmeyer Crypto Index Fund, Hehmeyer Proprietary Trading, and Hehmeyer Futures Customers. Hehmeyer’s Crypto division is a global market maker in digital assets. Founded in 2007 by 40-year veteran Christopher Hehmeyer, Hehmeyer is headquartered in Chicago, IL. For more information, please visit www.hehmeyer.com.