Imagine that every millisecond in the crypto market can bring either thousands of dollars or BTC lost. This is exactly how high-frequency traders live - in a world where time is everything. ๐ Here Iโll share my experience and how the right choice of API changed the game.
๐ A company specializing in market making, actively trading on spot and futures markets, approached me. They faced problems with delays in order execution and updates of market data, threatening the effectiveness of their high-frequency trading strategies.
The right API choice defines the efficiency and reliability of a trading system, especially in high-frequency trading. It ensures fast order execution and timely market data updates - without this, itโs impossible to maintain a competitive edge in crypto, where every millisecond counts. This was precisely their challenge.
๐ค We conducted a detailed analysis of the problems - order execution delays, unstable balance updates, and insufficient speed of market data processing - and reviewed several crypto exchanges capable of solving these issues.
After thorough discussion, we chose WhiteBIT due to its flexible API and important features like WebSocket, which provides real-time order book data via subscription, helping to solve key problems.
๐งฉ Equally crucial was the Webhook system - notifications about deposits, changes in trading and main balances, code activations, and more.
I also consider it important to mention that Gatะต.ัะพ and OKX were among our candidates and offering quite favorable conditions.
The clients shared that even seemingly minor delays in order execution caused them to miss significant opportunities. Thatโs why finding a solution ensuring maximum speed and reliability was absolutely critical for them.
It truly highlights how even a single second can drastically change the course of events in the crypto market. ๐ฅ
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