Product Overview of SFOX
Introduction
SFOX, or San Francisco Open Exchange, is a comprehensive digital asset trading platform designed to cater to the needs of institutional traders, hedge funds, wealth managers, and investment advisors. It provides a unified and sophisticated environment for accessing global crypto markets, optimizing trading strategies, and managing risk.
Key Features
Global Access and Liquidity
SFOX aggregates liquidity from over 20 major exchanges, OTC brokers, and liquidity providers worldwide, allowing users to trade cryptocurrencies such as Bitcoin from a single account. This integration eliminates the operational hassle of managing multiple exchange accounts, verification processes, and API keys.
Advanced Order Types and Execution Algorithms
The platform offers a broad suite of advanced order types and execution algorithms, including TWAP (Time-Weighted Average Price), Sniper, and Smart Routing. These algorithms are tailored to meet various trading strategies, enabling traders to execute trades with precision, minimizing market impact, and maximizing price improvements.
Best Execution and Price Improvement
SFOX ensures best price execution through advanced smart order routing, which passes price improvements directly to the user. The platform acts as an agnostic agent, providing unbiased access to the best prices across over 80 markets, reducing slippage and enhancing trading performance.
Scalability and Discreet Trading
The platform is engineered to handle large-scale trading operations, allowing users to execute significant orders quickly, securely, and privately. Features like dark pool trading and smart order routing enable discreet trades without alerting the market to the user’s intentions.
Robust Analytics and Risk Management
SFOX offers an advanced post-trade analytics suite, providing superior insights into trade performance against industry benchmarks and market conditions. Users can automate take profits and stop losses with various order types, including Stop and Trailing Stop orders, to manage risk effectively.
Security and Compliance
The platform adheres to uncompromising security standards, including independent audits, app-based two-factor authentication, hardware keys, and address whitelisting for withdrawals. SFOX is dedicated to exceeding high compliance standards required by institutions and regulators, ensuring operational compliance and regulatory adherence.
Multi-User Accounts and Collaborative Tools
SFOX supports multi-user accounts, allowing secure front and back-office access. Users can easily grant and change user permissions, maintaining visibility and control over multiple client portfolios or trading strategies through Separately Managed Accounts (SMAs).
Integration and Connectivity
The platform supports low-latency REST, WebSocket, and FIX APIs, enabling seamless integration into existing systems. SFOX Connect offers end-to-end crypto services, including onboarding, trading, staking, and custody solutions, making it efficient to build and scale crypto businesses.
Custody and Treasury Management
SFOX provides bankruptcy-protected, insured crypto custody through SAFE Trust Company, regulated by the Wyoming Division of Banking. The platform also offers treasury management services, allowing financial institutions to manage their digital assets comprehensively.
Functionality
- Trading: Access to global liquidity, best price execution, advanced order types, and algorithms across 100 markets.
- Custody: Secure, bankruptcy-protected custody with regular auditing and SOC II certification.
- Staking: Staking services available directly from custody.
- Onboarding & Verification: Automated KYC/KYB, identity verification, AML screening, and global fiat on/off ramps.
- Compliance: Global compliance, licensing, fraud management, and FinCEN registration.
- Monetization: Customizable revenue streams through transaction fees, price markups, and other crypto products.
- Data & Analytics: Post-trade analytics, charting, market data, transaction history, and tax reporting.
In summary, SFOX is a powerful and versatile platform that combines deep global liquidity, advanced trading algorithms, robust analytics, and stringent security measures to provide institutional traders and financial institutions with a comprehensive solution for navigating the digital asset market.