Paradigm
| Paradigm | |
| |
| Founded | 2016 |
|---|---|
| Headquarters | New York, New York |
| Key People | Anand Gomes, Co-Founder; Sharaf Nassar, Co-Founder and CTO |
| Employees | 10-20 |
| Products | OTC trading communication platform |
| @TradeParadigm | |
| Profile | |
| Page | |
| Website | Paradigm.co |
| Blog | Blog |
Paradigm is a New York-based start up that provides communications network for participants in the OTC cryptocurrency markets.
Products and services[edit]
In August 2019, Paradigm partnered with cryptocurrency trading platform Deribit to support block trades in the platform's bitcoin and Ether futures contracts.[1]
Paradigm added features to the platform that permit cryptocurrency derivatives traders to enter delta neutral orders. Delta neutral trading facilitates volatility trading by hedging out the effects of price movements in the coin or token underlying an option contract. According to Paradigm Co-Founder Anand Gomes, "Delta-neutral execution is the holy grail for options traders" [2]
On November 19, 2020 Paradigm reported launching its anonymity-preserving Multi-Dealer RFQ (MDRFQ) platform for single and multi-leg option strategies that settle into listed options on Deribit, Bit.com, and other platforms as well as into options on CME bitcoin futures. The MDRFQ feature allows clients to request two-way quotes for options and option strategy trades from multiple dealers on a disclosed or anonymous basis without revealing their trade direction. A client can execute on the aggregated bids or offers in one-click.[3]
Paradigm announced in February 2021 that it had launched an application programming interface (API) which would allow traders to integrate Paradigm-based complex orders and block trades into their automated work flows.[4]
References[edit]
- ↑ Deribit and Paradigm Launch Crypto Derivatives Block Trading. Cointelegraph.
- ↑ Crypto messaging platform Paradigm says it's launched a 'holy grail' service for derivatives traders. The Block Crypto.
- ↑ Paradigm Expands RFQ Capabilities via Multi-Dealer & Anonymous Trading. Paradigm.
- ↑ Introducing Paradigm’s API: Automated Liquidity for Large and Complex Orders. Paradigm.