3. Professional Functions
Basic order types may not fulfill the trade execution needs of professional investors. Advanced order types allow traders to trade with precision, control risks, and capture market opportunities. For example, a derivative trader using correlation strategies could use a delta hedge order to remove directional risk. Therefore, in addition to basic order types, including market, limit, post-only, and stop orders, Aboard will offer a variety of advanced order types by Q2 2022:
The cryptocurrency market is one of the most volatile markets. It is not uncommon the see fluctuations over 50%. According to PortoliosLab, as of Jan 2022, the corresponding volatility of Bitcoin, Ether, and BNB is 57.41%, 83.84%, and 84.37%. As a benchmark, the volatility of the S&P 500 is 13.26%. High volatility is a double-edged sword in that investors can potentially gain considerable returns but are also exposed to tremendous risks. As a result, serious traders who have risk control in mind need sophisticated risk management tools and portfolio monitors. Further, since technical analysis is the dominant way of analyzing the crypto market, traders will find helpful tools such as chart traders.
Aboard's trading toolbox is designed with professional investors in mind. Referring to centralized and traditional exchanges, Aboard's current trading toolbox includes book traders and a trading API. Book traders are identical to those investors use in the centralized and TradFi exchanges. The trading API enables quants to implement algorithms or quantitative trading strategies. By Q2, aboard will roll out a series of once "CEX-exclusive" tools that include but are not limited to risk controller, portfolio monitor, and chart trader.