XTRD The First Unifying Crypto currency Exchange Platform




XTRD is bringing mature financial technologies to cryptocurrency markets by providing a Unified FIX API, aggregated liquidity for major cryptocurrency exchanges, and XTRADE Pro – a standalone professional trading platform.

There are so many Currency Exchanges in the world.  They are coming with more facilities in 1000 individual trading platform. Now a days Daily trading volume for cryptocurrencies is  equivalent to 20 billion USD, with a total market cap of over $700 billion. The majority of the trading is concentrated among the top 20 exchanges, denominated in multiple currencies ranging from crypto ones including Bitcoin and Ethereum to sovereign ones such as USD, GBP, JPY, CNY, and KRW, among others. Predictions point to growth toward a $1-2 trillion market capitalization in 2018, and a corresponding 3% average daily trading volume of $50 billion or more. The inefficiency is a product of cryptocurrency trading markets being highly fractured in terms of execution, account setup, automated access, liquidity, execution speed, pricing, and security.

XTRD was created by finance and trading professionals to solve those problems by both improving on and consolidating current trading practices. So its a nice project for the users of Crypto Currency exchangers. 

 

Issues in the Crypto Space

 

COMPLEX WEB OF EXCHANGES
A combination of differing KYC policies, means of funding, interfaces and APIs results in a fragmented patchwork of liquidity for cryptocurrencies. Trading in an automated fashion with full awareness of best pricing and current liquidity necessitates the opening and use of accounts on multiple exchanges, coding to multiple API’s, following varying funding and withdrawal procedures. Once those hurdles are cleared, market participants must convert fiat currency to BTC or ETH and then forward the ETH on to an exchange that may not accept fiat, necessitating yet another transaction to convert back to fiat. Major concerns for market participants range from unmitigated slippage3
and counterparty risk to hacking prevention and liquidity.

 

HIGH FEES
Execution costs are even more of a factor. Typical exchange commissions are in the 0.1% – 0.25% range per transaction (10 to 25 basis points), but the effective fees are much higher when taking into bid and ask spreads
maintained by the exchanges. As most exchanges are unregulated, there is generally no central authority or regulator to examine internal exchange orders that separate proprietary activity from customer activity and ensure fair pricing.

 

THIN LIQUIDITY
A large institutional order, representing a sizable percentage of daily volume can move the market for a product, and related products in an exchange by a factor of 5-10%. That means a single order to buy $1,000,000 worth of bitcoin can cost an extra $50,000-$100,000 per transaction given a lack of liquidity if not managed correctly and executed on only one exchange. By way of comparison, similar trades on FX exchanges barely move markets a fraction of a percent; those price changes.

Website

 

XTRD SOLUTION

XTRD IS LAUNCHING THREE SEPARATE PRODUCTS IN SEQUENTIAL STAGES TO SOLVE THE ONGOING PROBLEMS CAUSED BY HAVING SO MANY DISPARATE MARKETS: LOW PER-MARKET LIQUIDITY, UNFAMILIAR INTERFACES THAT LAG BEHIND FINANCIAL INDUSTRY STANDARDS, AND DECENTRALIZED EXECUTION IN CRYPTO.

 

STAGE 1 – IMPLEMENTATION OF A MULTI EXCHANGE FIX API What is FIX?

The Financial Information eXchange (FIX) protocol was created in 1992 to serve as the “universal” communication language for international financial transactions. Since all order systems are different, there was a strong need to communicate all executions between brokers, exchanges, mutual funds, investment banks, and direct market access participants using a universal format. 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 – for example the value for “side” of the trade can be a 1 for Buy or 2 for Sell, in Tag 54. There is currently no universal FIX interface to connect to crypto exchanges – each crypto exchange has its own, though not necessarily proprietary, communication standard. Lack of a standard communication protocol hinders participants’ ability to easily access multiple exchanges. 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. This communications bridge will allow large market participants to easily add multi exchange crypto execution to their existing transaction systems, jump starting universal crypto trading adoption among the institutional sector.

 

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. In the crypto space, such a platform does not yet exist. Currently, there are only web based systems on each exchange that are slow and difficult to use. A few aggregation platforms exist that do feature trading across exchanges, but those aggregators, too, are web based and lack the low latency, security, and functionality that institutional and professional users would demand. 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 24×7 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 OFFICIAL VIDEO 

For More Details Read The white Paper

 https://xtrd.io/xtrd_whitepaper.pdf

 

XTRD PROJECT

THEIR  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:

  1. A single FIX API for trading across all connected exchanges
  2. A robust GUI for manual cross execution on all crypto markets
  3. A large liquidity pool, based on orders books from all connected exchanges
  4. Best prices and best top of book execution net of fees
  5. Low transaction fees
  6. 99.99999% reliability and uptime
  7. Fast execution
  8. Parent/child orders on multiple exchanges to minimize individual market impact
  9. Advanced order types common in the equity and FX trading space
  10. Establish XTRD as a premier market-making entity to mitigate spreads and increase liquidity in the cryptocurrency space
  11. 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
  12. Reliable and familiar deployment methods for institutions:
    1. IPSec as a connectivity option across the Internet
    2. cross connection options
    3. collocation space or VPS (Virtual Private Servers) that clients can rent from XTRD
    4. UAT/Sandbox environment for testing

 

LATENCY REDUCTION

There are several exchanges that already have a point of presence in the NY4 datacenter. By cross-connecting with them, we will significantly reduce network latency. To improve latency to non-NY4 exchanges, we will build custom routing paths using dedicated internet access technologies (DIA). This way we can be 2x – 10x faster compared to public internet as we will have colocations both on the East and West coasts.

Currently, internet latency for order entry and execution is around 150 ms over the internet from a home or office that is not in a datacenter. XTRD will cut that down by 100x through a VPS solution with an average latency of 1.5 ms, and engage emerging high frequency traders across the crypto spectrum. Liquidity will in turn deepen, and spreads will narrow for the benefit of all market participants – resulting in a virtuous cycle of increasing liquidity and participation in the crypto space.

Utilizing current virtualization technologies, one physical server can be converted to 10-15 servers. Virtual servers will use the same physical network switch connection, which will be linked to XTRD’s trading platform. VPS services will serve to popularize our execution services, and execution services will concurrently serve to popularize VPS services. The presence of this infrastructure allows us to serve as a “one stop shop” where one can provide all the required services for fullyfeatured cryptocurrency trading; namely, connection to all exchanges via one FIX API, low transaction costs, best price, hosting, and minimization of counterparty risk once the SPA gateway is developed.

From a technical standpoint, XTRD will place our market data aggregation machines as close as possible to exchange colocations, collect data on the spot and relay it in optimal binary format via a high-speed link to the client’s order management module. Currently all exchanges have public internet connectivity. Even with 2FA athentication and complex passwords, there is still a constant threat of hacking, ranging from simple password phishing to more sophisticated intrusions such as MITM (man-in-the-middle) attacks where network traffic is intercepted between two parties – or where entire websites are cloned with fake SSL certificates for the express purpose of collecting logon information. A bad actor can gain access to a crypto trading account with an obfuscated IP and simply move all funds to an encrypted, untraceable wallet on the blockchain.

XTRD TOKENS

Trading fees will be collected through the cryptographic economy, facilitated by the XTRD token.
XTRD is an ERC20 compliant utility token generated on the Ethereum blockchain and will be used as a means of payment by trading participants for services provided by XTRD.

XTRD will utilize the funds generated form the token generation event to:

  • Facilitate the creation of the FIX API and XTRD GUI platforms;
  • Maintain a large balance sheet allowing for cross-exchange execution with XTRD SPA;
  • Make markets in multiple crypto currencies to minimize spreads and increase liquidity for market participants;
  • Employ legal and compliance teams to ensure regulatory compliance and proactively engage with regulators;
  • Onboard sales and marketing teams to develop a client base; and
  • Create a venture arm to seed emerging trading technologies in the crypto execution space deemed complementary to XTRD’s mission.

 

WHY YOU CHOOSE XTRD TOKEN

Fee Discounts

You’ll get a 25% discount on all fees paid on XTRD Pro when you use our XTRD token to pay. Unlock the massive 40% discount when you have a monthly holding of 50k+ XTRD tokens.

Limited Pool Regeneration

XTRD tokens are slowly cycled back into the network when used to pay for services on the XTRD Pro trading network and received by us. We use these tokens for ops and to buy up various primary and secondary market coins for SPA liquidity in the ultimate goal of having global market liquidity.

Limited Token Generation
Once we go past our final sale date, no more XTRD tokens will ever be generated, ever again.

Figure 6 Token Allocation

 

XTRD PRODUCTS

Bringing the best tools and practices of finance to crypto trading

FIX 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
  • 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.
XTRD PRO
  • 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.
XTRD DARK
  • 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.

 

CYBERSECURITY

Currently all exchanges have public internet connectivity. Even with 2FA authentication and complex passwords, there is still a constant threat of hacking, ranging from simple password phishing to more sophisticated intrusions such as MITM (man-in-the-middle) attacks where network traffic is intercepted between two parties – or where entire websites are cloned with fake SSL certificates for the express purpose of collecting logon information. A bad actor can gain access to a crypto trading account with an obfuscated IP and simply move all funds to an encrypted, untraceable wallet on the blockchain.

XTRD will not allow public internet connectivity to the XTRD Private Network. All market participants will connect via IPSec VPN with hardware based, IP whitelisted, end to end encoded communications for both FIX and XTRD PRO that encrypt all data packets. All VPS and cross-connects will be on our private network, not accessible to the outside internet.

This is necessary to ensure safety of funds and to abide by cybersecurity compliance protocols already established in the institutional and professional trading space.

 

BENEFITS

Faster Trades :

  • XTRD database connections process order just as fast as anything on wall Street. We have built optimized databases all across the United States that Provide low latency order execution in the milliseconds.

Reduce Your Risk : 

  • You have 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 transaction.

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.

Faster Trades :

  • XTRD database connections process order just as fast as anything on wall Street. We have built optimized databases all across the United States that Provide low latency order execution in the milliseconds.

Reduce Your Risk : 

  • You have 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 transaction.

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.

XTRD TEAM

The team behing XTRD is based on Wall Street in NYC and has over 30 years of extensive real-world experience building robust, battle tested trading systems in FX, equities, derivatives, and other instruments. They have specialist knowledge in all facets of brokerage services, execution, market data, trading platforms, clearing, settlement, colocation, algorithmic trading, and automated trading systems.

 

FOUNDERS

 

ADVISORS

 

ENGINEERING

Follow XTRD Project On social Media

PROJECT ANALYSIS

Exchanger is most important think for the crypto world. We have to reach here for buy, sell our token. 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. Now a days the crypto exchanger are face various kinds of problem, and XTRD shows the solution of all those problem.  It is a unifying Crypto Exchanges. This is the best time to buy XTRD Token. Cause its a unique platform, So the price of the Token is must be up. There are so many reasons also.

The miners also choice this exchanger. XTRD will keep all orders resident on our servers and pass executions to exchanges using our FIX API, allowing for faster and more advanced order types that are currently either execute too slowly due to internal network latency or don’t exist natively on exchanges, or both. Orders can be routed to one or multiple exchanges to take immediate advantage of price discrepancies and arbitrage opportunities.

Khadija Akter
Crypto and ICO analyst

Thanks for Reading My Article. i m a Crypto and ICO analyst of Viral News Today Team.

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