Bitfinex launches web browser version of Honey Framework
Crypto trading platform Bitfinex has launched a web browser version of the Honey Framework – a terminal that enables traders to custom algorithmic orders and trading strategies.
The web version of the Honey Framework, unlike Bitfinex’s hosted desktop terminal, is available without the need to install any additional software, and will facilitate a variety of automated trading strategies, including custom-made algorithmic orders.
“Now our users will be able to deploy complex algorithmic trading strategies directly from their web browser without the need for any software to be installed,” said Paolo Ardoino, CTO at Bitfinex.
“This fits in with the ethos of Bitfinex as an exchange. We are all about making high-calibre trading technology accessible, fostering creativity and letting talented traders from all backgrounds and locations flourish.”
The first algorithms to be available on the web version of the Honey Framework will be iceberg orders – large single orders divided into smaller limit orders, and Time Weighted Average Price (Twap) – an algorithm that is based on the weighted average price and is defined by time criterion.
Web users can run two algorithmic orders at the same time. This limit is expected to increase for web users in forthcoming updates of the web browser version of the Honey Framework terminal. The strategy editor and strategy backtesting features are disabled on the web version.