Swedish Hilbert Group spends $32 million to acquire high-frequency trading platform Enigma Nordic, betting on algorithmic trading in the crypto market

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【Blockchain Rhythm】Sweden’s Hilbert Group is an important force in the algorithmic trading sector of the crypto market. Recently, they made a big move—spending $32 million to directly acquire the high-frequency trading platform Enigma Nordic.

What is the logic behind this deal? Simply put, Hilbert Group was attracted to Enigma Nordic’s proprietary high-frequency trading system. Through this acquisition, Hilbert Group can directly access Enigma’s trading technology and then implement their market-neutral strategies in the global cryptocurrency market.

For traders in the crypto market, such mergers and acquisitions are quite noteworthy. The integration of high-frequency trading platforms often means changes in trading depth and liquidity, which can directly impact trading execution efficiency. Moreover, such acquisitions also reflect the increasing importance of algorithmic trading in the crypto market, with large funds beginning to compete in this space.

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DataOnlookervip
· 9h ago
$32 million spent just for that HFT system, that’s a really bold move. --- Algorithmic trading is getting more intense, it feels like retail investors have fewer and fewer options. --- How liquidity will change is really unpredictable; it’s hard to say whether your orders will be filled at that time. --- How impressive is Enigma’s technology really? Is it worth $32 million? I’m a bit curious. --- In the end, the beneficiaries of this kind of merger are still the institutions. Retail investors might as well wait to be cut. --- Wait, does this kind of integration affect trading fees? --- The crypto market is increasingly resembling traditional finance, with institutionalization accelerating... --- So, as I was saying, you still need to follow the actions of big institutions. Trying to mess around on your own is just asking for trouble.
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NFTArtisanHQvip
· 9h ago
algorithmic hegemony masquerading as market efficiency... the real question is whether enigma's proprietary stack even matters once it's absorbed into the hilbert apparatus
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BearEatsAllvip
· 9h ago
Putting 32 million into that system, how powerful must it be... Now the liquidity is probably going to shake up a bit.
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gas_fee_therapyvip
· 9h ago
$32 million to buy an HFT system, can this wave make a profit? Feels a bit risky. --- Here comes another wave of big fish eating small fish, liquidity will become even more fragmented. --- Basically, it's about wanting to monopolize trading depth, making it harder for retail investors to bottom fish. --- Hilbert's bet this time is quite aggressive; betting that algorithmic trading is truly the future. --- Will trading latency decrease after the merger? That’s the key. --- Confident in technical fundamentals, but can market-neutral strategies hold up in a bear market? --- Another sky-high acquisition, it feels like the crypto market has experienced a real wave of mergers and acquisitions in recent years.
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GateUser-e19e9c10vip
· 9h ago
With 32 million invested just for that HFT system, it's definitely aimed at technology. However, for retail investors, this deal... liquidity might become more competitive.
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