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The Trality Story

DECLAN IGOE

02 April 20216 min read

We've come a long way since we first announced our big plans to the world. In that time, we have made some major progress in our mission to bring the power and potential of algorithmic trading to everyone who needs it. In this post, you will find the most important news from Trality HQ since day one.


February 2021 - Trality comes out of beta 🎉

After a couple of years working closely with our community on the beta version of Trality, we observed such growth that we knew it was time to launch.

On the 1st of February, we completed our beta. This meant that we launched our product alongside a flexible price plan for all our users including a free option for those who want to continue using the service for free.

November 2020 - Trading engine 2.0 is launched!

In early November, we executed the biggest update of our trading engine to date when released version 2.0. Some of the major changes which were rolled out with this update included:

In this version, we announced:

  • New order types such as Trailing Stop Loss, Stop-Limit or Stop-Market (available on all exchanges)

  • Position management tools to make it easy and accessible to get this information whenever you need it

  • With improved Portfolio management, we made it easier to see markers such as your average position profit or the number of winning trades at any time.

  • Order flow allows you to connect several different orders logically to properly execute your strategy. This works with all order types and is available on all supported exchanges and also across all different pairs.

Needless to say, this update was received very positively.

October 2020 - Announcement of 1.5 million euro funding

After a long period where the whole team was working tirelessly hard on all aspects of the platform including marketing and B2B developments, we were over the moon to share with our community that we got 1.5 million Euro in funding to achieve our vision.

Angel investments came in from Austria and the German blockchain accelerator Blockrocket as well as getting the German fintech VC tokentus on board. Combined with the Covid-19 Startup Fund from the Austria Wirtschaftservice (AWS), Trality was able to raise over 800,000 euro to realize our vision totalling 1.5 million Euro in 2020.

March 2020 - Addition of Pandas, Balance View and Dark Mode

Fresh off the back of the FFG grant, we made some more important updates to the platform.

  • Pandas

    We integrated the Pandas library into our Python trading API so that you can dive even deeper into the analysis of your code

  • Balance View

    We added the Balance view button to let you analyze each asset in your portfolio so you never lose track of your balances while trading with Trality.

  • Dark Mode

    We added a cosmetic albeit useful feature by including a Dark mode in this update. This was highly requested in the community.

Late February 2020 - FFG Grant

Around this time, one of the most monumental events in our history took place. We were delighted to announce that we received a six-figure grant from the Austrian Research Promotion Agency (FFG), This was a great vote of confidence from a body that has already numerous Austrian startups get off the ground and gave us the financial ability to make good on a lot of the features had announced in the past.

February 2020 - Debugging and vastly-improved terminal

The beginning of 2020 came with the much-needed addition of debugging functionality alongside a general overhaul of the terminal. Users were given the ability set breakpoints directly in the browser and step through your code to better analyze what's happening during your backtest.

The terminal also underwent a dramatic improvement during this time. We gave our users clearer information about their backtests and enabled the option to copy/paste values for offline-analysis.

November 2019 - Updated charting library and expansions to the Rule Builder

After compiling another round of feedback from our wonderfully helpful beta users, we were able to make some significant improvements to our charting availabilities. Ultimately, we improved quality of life and facilitated the bot-creation process.

The most notable additions were:
- Lots of new chart types
- Intelligent indicator plotting
- Full-screen mode
- Improved zooming and scaling behavior

Alongside that update, we rolled out improvements to the Rule Builder and added several new strategies and indicators.

November 2019 - The Rule Builder comes on the scene!

It is so vital to our mission that we provide the best solutions for anyone who wants to harness the power of bots and automate their strategies. This is why we created a tool for those who do not know how to code. The Rule Builder opened up Trality to those who want to automate their strategies ‘the easy way’ with an intuitive, lightweight drag-and-drop interface.

At the same time, we executed a massive overhaul of our Documentation adding a complete overview of all Trality’s features and settings.

September 2019 - Live trading becomes available!

Between July and September, we were hard at work listening to your feedback and suggestions. In that time we received and addressed up to fifty tickets from our beta users. At the same time, we were implementing the much-requested and important live trading ability.

For this release, we put in a lot of time. We worked day and night on our authentication, security and bot deployment frameworks along with building a secure encryption system for your API keys so that your funds remain completely safe and untouchable to us.

July 2019 - Beta opens up to everyone who wants to take part

After plenty of testing, tweaking and twiddling our thumbs, July 2019 saw us opening our beta to anyone who wanted to get involved. Quants, mathematicians, statisticians and people who generally love quantitative problem-solving were invited to come and help us shape the platform.

April 2019 - Private beta and announcement of plans

In April 2019, we executed a private beta of our MVP (minimum viable product). At launch, we made sure that all the essential functionality was present for Python coders to develop and backtest algorithms.

We started with:
- The Code Editor with Python
- Virtual trading at first as trading with real assets early on might have been risky
- Backtesting with Binance financial data and pre-defined scenarios
- A dashboard to monitor all your bots’ activity

July 2018 - Development of Trality begins

Once upon a time, two guys met at university. They sat together and contemplated the financial world. They asked one another why trading bots are only accessible to big banks and institutions. They knew that 75% of private traders like you and me were losing money when they tried to compete against machines that are better traders in every way. The discussion turned to an idea and development of Trality was well underway in the summer of 2018.