OKX liquidity market launches "Arbitrage Express," allowing institutional clients to complete basis trading with one click
June 27, 2023 - The second largest digital currency exchange by trading volume globally and a leading Web3 technology company OKX today launched a new one-click spread trading feature called "Spread Express" in its institutional-level Liquidity Marketplace. The OKX Liquidity Marketplace serves as a network for over-the-counter trading, delivery spreads, and options, allowing traders to execute complex basis trades with a single click.
The basis trading strategy is based on the price difference of an asset in two different markets (such as the price difference between the spot market and the futures market), which can yield returns if executed properly. Generally, traders need to manage two different contracts simultaneously when executing a basis trading strategy, making the process complex and lengthy. The "Spread Express" feature from OKX automates the execution of complex trading strategies with one click, leveraging the platform's superior liquidity and low latency to maximize user returns.
The "Spread Express" is one of the few unique basis trading tools in the digital currency market, allowing users to execute trades of two different contracts through a central order book, thereby eliminating execution risks between different product markets. Before execution, traders can also choose to guarantee the spread to mitigate the risk of unexpected price slippage. Once users confirm execution, the relevant trades can be immediately matched and settled.
Lennix Lai, Global Business Officer of OKX, stated: "The current market environment is unpredictable, and institutions demand stable, predictable returns while requiring their chosen exchanges to be innovative. This is especially true for basis trading, where execution must be precise. 'Spread Express' raises the industry standards for efficiency and accuracy in basis trading. We invite institutional traders from around the world to adopt this new feature to enhance their strategies and achieve success."
The "Spread Express" interface is user-friendly, making it easy for institutional traders to execute various basis trading strategies. Institutional traders only need to use a unified order book format to execute popular Delta One spread strategies such as calendar spreads, rolling deliveries, and funding rate arbitrage.
The demand-driven OKX Liquidity Marketplace provides institutional users with deep liquidity and a variety of digital currency trading strategies, including delivery spreads, large options block trades, or spot over-the-counter trading, and supports the execution of large-scale trades. In April, OKX also announced that its "Liquidity Marketplace" had surpassed a total trading volume of $1 billion in the first three months of 2023.
