Apifiny Group is pitching high-frequency crypto traders with an out-of-the box code library that it claims will help stand up their systems fast.

The new product, Apifiny Algo, is a collection of prewritten C++ programs for accessing coin data, placing orders and executing trades in time-sensitive markets, CEO Haohan Xu told CoinDesk. It’s targeted at the growing cadre of crypto-curious institutional traders who would otherwise build their code from scratch.

“Today, most of the quant traders who are looking to do the same thing, they’ll go on GitHub, find some open-source code someone’s already written,” Xu said. But that system is “probably not perfect.” They still have to retrofit the code, test it, vet it and hope it’s fast enough to retain an edge, he said.

By contrast, Xu said Apifiny Algo is optimized for high-performance trading and speed. It plugs into Binance, Binance.US, FTX, Huobi, OKX and Okcoin, he said.

The new product comes as Apifiny looks ahead to a planned SPAC deal scheduled to close later this year. It would become a rare crypto company trading on U.S. public markets, alongside Coinbase, whose stock has been hammered and down nearly 80% since launch.

“Based on the latest progress, we are anticipating to finish the process and be listed in Q3,” Xu said of the firm’s listing plans. “As we inch towards becoming a public company, partnerships with exchanges like Okcoin will help us complete our ecosystem for professional traders.”

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