One of the newest players to the digital currency exchange sector, Atlas ATS, announced their brand-new “Nano Exchange,” which offers firms a private market in the digital currency space that is secure and state-of-the-art.
According to the announcement, these firms will be able to leverage Atlas’s technology to provide their clients with a “comprehensive” exchange platform for both trading and storing digital currency.
Nano Exchange is a customizable, turn-key solution for companies looking to operate a digital currency exchange for their own user base. Atlas ATS deploys and manages the technology for a private market. Within this private market, companies will match their own trades. The “top of book” (best bid and best offer) from the private market will also quote in the Atlas ATS Public markets, thereby allowing access to a deeper liquidity pool. Firms will be paid by Atlas for adding liquidity to Atlas ATS’s public market and will be charged for removing liquidity.
Firms that sign up for the Nano Exchange will be able to access additional services provided by Atlas ATS that go beyond the company’s trading/technology platform. These services include clearing and settlement of trading and KYC/AML (know your customer/anti-money laundering) advisement.
Atlas says their private markets system is composed of four key components:
- Enterprise Digital Currency Exchange Platform: A robust matching engine, tools for automated market making enabling arbitrage between other exchanges.
- Custom client trading interfaces: Ability to brand front-end HTML5 web trading interfaces and offer API & FIX access.
- Multi-signature wallet and interface
- Self-service tools for managing daily operations: customer onboarding, customer service, etc.
“Our private label offering is a complete solution for firms looking to provide their customers with a secure digital currency trading platform,” says Shawn Sloves, Atlas CEO and co-founder.
“This is more than a just a matching engine with a web-based interface. There is full functionality for managing operations and risk. The ability to handle market data from other exchanges and routing logic, including automated tools for arbitrage, are built-in. Additionally, offer the a state-of-the-art, multi-signature wallet management system that can handle multiple currencies and multiple coins, not just Bitcoin,” he added.