Unifying Cryptocurrency Exchanges
XTRD is a technology company founded by veteran Wall Street trading specialists that are introducing a new infrastructure that would allow banks, hedge funds, and large institutional traders to easily access cryptocurrency markets.
STAGE 1 – IMPLEMENTATION OF A MULTI EXCHANGE FIX API
FIX is the standard means of communication for trading in global equity markets, and is also heavily used in currencies, bonds, and derivatives. Every large institutional and professional market participant uses FIX to trade and has been doing so for over 25 years. FIX works by defining preset “tags” as value placeholders. Orders are entered by defining variables in the tags.
XTRD will launch a universal low latency FIX based API connecting to all crypto exchanges to make it easy for major institutions, hedge funds, and algorithmic traders to access all cryptocurrency markets by coding to just one FIX application - in one format - with which they are already intimately familiar.
STAGE 2 – LAUNCHING THE XTRD PRO TRADING PLATFORM
Most finance professionals and active traders don’t use web based trading platforms to consume market data and trade. Instead, they use robust, secure, standalone, downloadable applications that allow for fast order entry, immediate execution, advanced charting, and custom order types. Those applications provide customer support including feature development tailored to their customers’ demands. The most successful of these applications become platforms that are used to manage trading across multiple systems and asset classes.
XTRD will launch XTRD Pro in 2018 - a highly robust, multi-exchange standalone trading platform for active traders. The platform will include, among other features, advanced consolidated order books, hotkey order entry, and custom order types, with 24x7 uptime.
STAGE 3 – SPA (SINGLE POINT OF ACCESS) LIQUIDITY AGGREGATION/CROSS-EXCHANGE EXECUTION.
XTRD creates a single unified point of access to aggregate liquidity across exchanges for traders. This aggregation allows traders to clear at the best possible prices while delivering the lowest possible transaction costs as well as atomic swap capability4 all with just one client-side account.
XTRD SPA will be facilitated via Joint Venture (JV) partnerships with existing exchanges to minimize the regulatory hurdles as XTRD will function purely as a technology provider. Exchanges will fulfill the custodial function, while XTRD will clear balances from its inventory accounts at other exchanges to close the trades made by clients within the JV exchange. XTRD has already secured a partnership with a major active exchange that facilitates trading in primary currencies and will soon do the same for alternative ERC20 tokens.
XTRD is focused on becoming the de-facto trusted, US-based technology platform for large financial players to easily execute on crypto. XTRD will generate revenues via execution fees, market data sales, VPS services, software licensing, and other ancillary income streams. Operational funds for creating the platform and the balance sheet required to execute across multiple exchanges will be raised via a token generation event
The Products
| FIX API Industry-standard exchange API A FIX API is a proven, decades old method of connecting markets. We have created our own that connects all of the major cryptocurrency exchanges. Whether you’re part of an institution, a hedge fund, or if you’re an algorithmic trader - this changes how you’ll look at crypto forever. |  |
 | SPA Single Point of Access for Exchanges In this case, we mean a Single Point of Access. Trade all exchanges with one account. XTRD will aggregate liquidity across exchanges by launching a unified, Single Point of Access. We’ll be forming joint partnerships with crypto exchanges to bring a broader horizon to the market. |
| PRO Direct-connect desktop trading XTRD Pro is a downloadable solution to the fragmented markets. You’ll have access to all cryptocurrency exchanges and all your accounts from one application. XTRD Pro is a standalone trading platform that won’t suffer outages. Make more profitable choices with hotkeys, custom buy orders, and consolidated booking. |  |
 | DARK Partner trading ecosystem Cut out the middlemen. We match sellers with institutional buyers for enormous crypto to fiat trades. Decentralized dark pools can't take fiat or complete KYC. Through our banking partners in the US, the UK, and in Hong Kong, we do KYC and enable fiat to crypto. Instead of paying the standard 12% commission, you'll pay less than 1% when working through XTRD Dark. You'll save millions. |
Key Benefits
Faster Trades | XTRD’s database connections process orders just as fast as anything on Wall Street. We’ve built optimized databases all across the United States that provide low latency order execution in the milliseconds. |
Reduce Your Risk | You’ve heard the horror stories about users being unable to recover their currency after sites have been hacked or have gone down. All you need to do is use XTRD's balances in your transactions. |
Increase Your Liquidity | When you purchase or sell through XTRD Pro, orders are placed through multiple exchanges so everything that you’re buying or selling will be picked up. This is especially valuable when you're placing large orders or when there is high price variability of cryptocurrencies across exchanges. |
Less Fees | Making large and high-volume purchases is a pain using current methods of cryptocurrency trading. Our FIX API splits orders across the exchanges, reducing your fees. |
More Exchanges | We’re forming Joint Ventures with all of the top cryptocurrency exchanges. If you can think of it, it’s probably on the list of exchanges that you’ll be able to buy and sell with using XTRD Pro. |
Complete Privacy | Rest easy because your order is completely secure. We have employed strong encryption protocols to ensure your orders securely flow through our proprietary system. |
THERE GOAL IS TO BUILD TRADING INFRASTRUCTURE (SOFTWARE AND HARDWARE) IN THE CRYPTO SPACE AND BECOME ONE OF THE FIRST FULL-SERVICES SHOPS IN THE CRYPTOCURRENCY MARKETS FOR LARGE TRADERS AND FUNDS. WE BELIEVE THAT THE MOST IMPORTANT COMPONENTS ARE:
• A single FIX API for trading across all connected exchanges
• A robust GUI for manual cross execution on all crypto markets
• A large liquidity pool, based on orders books from all connected exchanges
• Best prices and best top of book execution net of fees
• Low transaction fees
• 99.99999% reliability and uptime
• Fast execution
• Parent/child orders on multiple exchanges to minimize individual market impact
• Advanced order types common in the equity and FX trading space
• Establish XTRD as a premier market-making entity to mitigate spreads and increase liquidity in the cryptocurrency space
• Derivative trading - XTRD plans to connect to LedgerX (US based, approved by the CFTC) for cryptocurrency options and swaps to offer unified hedging and derivate trading strategies
• Robust, US based technical support
• Reliable and familiar deployment methods for institutions:
○ - IPSec as a connectivity option across the Internet
○ - cross connection options
○ - collocation space or VPS (Virtual Private Servers) that clients can rent from XTRD
○ - UAT/Sandbox environment for testing
ICO
Initial Coin Offering
General Info |
| Token | XTRD |
| Platform | Ethereum |
| Type | ERC20 |
| Price in ICO | 1 XTRD = 0.1 USD |
| Hard Cap | $ 45,000,000 |
| Accepting | ETH |
| Min. investment | 10 ETH |
|
| ||||||||||||||||||||||||||
ROADMAP
Q1 2018 |
| Token Generation |
Q1 2018 |
| FIX API the first step for XTRD to develop a unified FIX API for market data, order entry, and funds movement. When the FIX API is implemented, XTRD will not act as a custodian of funds or execute from an inventory account, but will instead facilitate trading for clients who have existing accounts at the most liquid exchanges by utilizing the FIX API to seamlessly place orders across the optimal mix of exchanges on which they have accounts. |
Q2 2018 |
| XTRD Pro Alpha XTRD principals have a combined 30 years of experience developing and administering front end systems for active traders in FX and equity, as well as creating and maintaining the backend systems required to support front end trading. This involves a combination of extensive knowledge in market data handlers and data feed parsing, low latency execution engines, ticker plants, on-site colocation infrastructure with exchanges, advanced order types, execution reporting, database administration, and other operational requirements as well as implementation of industry best practices. |
Q2 2018 |
| XTRD Dark Pool Cut out the middlemen. We match sellers with institutional buyers for enormous crypto to fiat trades. Decentralized dark pools can’t take fiat or complete KYC. Through our banking partners in the US, the UK, and in Hong Kong, we do KYC and enable fiat to crypto. Instead of paying the standard 12% commission, you’ll pay less than 1% when working through XTRD Dark. You’ll save millions. |
Q3 2018 |
| XTRD Pro Beta |
Q4 2018 |
| Single Point of Access SPA will be facilitated via a JV agreement with existing cryptocurrency exchanges. The first exchange to participate as a JV partner with XTRD is CEX.IO, with over $400 million USD daily volume, 1.2 million active traders and 7 million unique visitors per month. |
FOUNDER
|
|
|
ADVISOR
|
|
| ||||||
|
|
| ||||||
|
|
|
ADVISOR
|
|
| ||||||
|
|
|
More Information
| Website | : | https://xtrd.io/ |
| Whitepaper | : | https://xtrd.io/xtrd_whitepaper.pdf |
| : | https://www.facebook.com/xtradeio | |
| : | https://twitter.com/xtradeio | |
| Bitcointalk | : | https://bitcointalk.org/index.php?topic=4477503 |
| Medium | : | https://medium.com/@community.xtrd |
| : | https://www.linkedin.com/company/xtradeio | |
| Telegram | : | https://t.me/xtradecommunity |
Author
| BitcoinTalk Username | : | adterna |
| BitcoinTalk Profile | : | https://bitcointalk.org/index.php?action=profile;u=1200759;sa=summary |
| : | srialyamaulana@gmail.com | |
| Eth Address | : | 0x522A57A9267b6A54ddE2f9a89863304CD0391827 |
Tidak ada komentar:
Posting Komentar