- Bitfinex expanded its platform’s functionality by launching an “Algorithm Order Library.”
- These open source order programs allow traders to use complex order types like Iceberg, TWAP, and Accumulate/Distribute.
In a recently published blog post, popular cryptocurrency exchange Bitfinex announced a new way for users to place orders. The launch, part of the “Honey Framework” toolkit, will allow users to program their own order types.
This new feature will provide greater functionality for high frequency and high-volume traders alike. The first addition – launched this week – to the Honey Framework is “an Algorithmic Order Library for creating custom, complex order types for the Bitfinex platform.”
Not to be confused with the “HoneyMiner,” the Honey Framework is Bitfinex’s “open-source toolkit for traders to develop and implement custom order types & trading strategies on the Bitfinex platform.”