Bitfinex introduced functionality for programmable trading.

[Mazda3]

Bitfinex Cryptocurrency Exchange has introduced a new set of tools for programmable trading Honey Framework, which can be used to create custom types of transactions and trading bots. This is reported in the official press release of the company.

The Honey Framework includes a library of algorithmic orders, which will allow traders to carry out complex types of custom orders through the Bitfinex platform, taking into account changes in the market in real time.

To demonstrate the capabilities of the tool, the company has developed three types of complex orders: TWAP, Iceberg and Accumulate / Distribute.

“The TWAP order algorithm independently places bids within the specified time at the best prices, adjusted to the specified percentage deviation.

Iceberg allows you to place large orders, hiding their main part and showing only a small amount to the market.

Accumulate / Distribute allows you to break large orders into pieces of random size that will be put on the market at equal or unequal intervals, ”the developers explained.
It is expected that the next element of the Honey Framework, which includes tools for determining trading strategies, testing them on historical data and realizing them in real conditions, will be published in November.
A source:https://medium.com/bitfinex/announcing-the-honey-framework-algorithmic-orders-8065fb70c65c

[williamshennie9]

I guess we'll wait until November to see the finer details, but it sounds promising and a step in the right direction for cryptos.