BTC $ 11,226.75 0.622889%
ETH $ 391.02 1.44283%
MARKET CAP $ 0%
ICOs 6,134

XTRD

Trading
13,748 Views
XTRD is comprised of a team of veteran Wall Street trading specialists with a mission to unify the cryptocurrency exchanges. This mission has manifested in four products that are all interconnected. These products are a unified FIX API similar to ones already used for high volume trading, a Single Point of Access (SPA) for cryptocurrency exchanges to increase liquidity, a downloadable trading platform to called XTRD Pro, and a centralized Dark Pool for turning crypto into fiat. With a more secure and concrete infrastructure, entities such as banks, hedge funds, and large institutional traders can easily access cryptocurrency markets.
General
Website: Visit
White paper: Read
Bounty: Bounty
ICO Time: 20 Feb 2018 - 31 Mar 2018
Whitelist/KYC: Whitelist + KYC
Country: Cayman Islands
Token info
Ticker: XTRD
Platform: Ethereum
Token Type: ERC20
Total supply: 952,457,688 XTRD
Video
Financial
Raised $ 26,000,000
ICO Price: ≈ 0.08 USD
Accepting: ETH
Last screenshot taken on 9 Mar 2020
XTRD ICO
Screenshots taken 12 Mar 2018
Q1 2018
Currently, most cryptocurrency exchanges • offer an http-based REST API/Web socket for execution and market data. Even though these

APIs are mostly similar, they are still heavily ‐ fragmented, requiring many resources to unify

into a single trading application. FIX is widely ‐ adopted and much faster. ‐

Therefore, 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.

XTRD Dark Pool

subscribers utilizing the FIX protocol Provide single trading interface over the FIX API to all connected exchanges. Right now, we support the following orders types:

- market and limit, stop and stop limit, trailing stop

- contingent, multi contingent

- OCO (one cancels the other) and OTO

(one triggers the other)

Perform SMART routing – the execution engine will automatically choose the best execution path based on previous trading history and current market conditions (liquidity, price, slippage)

Spread one large order across multiple exchanges

‐Perform pre-trade risk management

‐Drop copy all executions to clients over a FIX API

We already have a FIX product (built originally for FX and Equity markets) with the capability to:

• Aggregate liquidity across different exchanges

• Manage orders books consistently, in real-time

• Build custom single order books based on

an account’s unique needs (e.g. I want to see

quotes from Exchange A and B but not from C)

• Stream normalized market data to

• ‐Handle up to 20,000 orders per second

XTRD anticipates completion of a production multi-market FIX API for crypto execution, market data, and fund movement by Q4 of 2017.
Q2 to Q3 2018
XTRD is an advanced, multi exchange manual crypto trading platform built by traders, for traders.

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 back- end 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.

CURRENT DIFFICULTIES WITH CRYPTO EXCHANGE GUIS AND SYSTEMS

Most cryptocurrency exchanges have an antiquated, bare bones system that is accessed through a webpage with limited functionality. It’s difficult to engage in high speed, multi- exchange execution given the necessity of clicking, scrolling, and typing in updated pricing as the order books continually change.

For comparison, most manual high-speed trading systems utilize keyboard shortcuts and programmed functions, as well as initial pricing for order entry automatically pegged to bid/ask or +/- a certain liquidity threshold to cross the inside quote.

The order book representation is also quite antiquated, with little to define individual market participants, incomplete representations of liquidity, and constant “bursts” of executions that come through in the aggregate because the exchange systems are too slow to pass through executions as they occur. This creates a “dam” effect where there is a burst of orders which lag by hundreds of milliseconds, and sometimes whole seconds – a length of time that would

be considered unworkable in any other active trading space.

Current crypto exchange systems are not robust enough to handle large traffic and varying order types. As an example, in late August 2017 a large crypto exchange had to disable all advanced order types for two months - including stop losses and trailing stops - to mitigate strain on their platform.
Q4 2018
SPA, or Single Point of Access, will allow XTRD to facilitate execution across multiple exchanges by opening just one account.

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.

The JV agreement structure will allow XTRD to act as a technology provider/execution broker without having to assume the duties of fund custody and the requisite exchange regulatory and compliance overhead. The exchange will take custody of client funds and maintain KYC, while XTRD will act as the execution venue for the client’s orders.

If an order needs to be filled outside the JV exchange, XTRD will execute that transaction using our inventory account at another exchange and move the position over to the JV exchange where the customer’s account is resident. The customer will be debited for the transaction at the JV exchange and settlement will occur there. XTRD will internalize client orders via the XTRD Dark Pool – if two orders match, we will not need to go out to other exchanges to fill them, but will instead match the market participants internally.

XTRD will employ Continuous Net Settlement (CNS) to settle trades. CNS is similar to the National Securities Clearing Corporation (NSCC) settlement system in the sense that there is an automated book entry accounting system in place, except that XTRD will actually settle the trades much more quickly than T+2 or T+35 by continuously sweeping the positions between various exchanges.
Alexander Kravets
Founder, CEO
Participates in several projects
Serg Gulko
Founder, CTO
Participates in several projects
Jon Giacobbe
Founder, COO
Takes part in this project only
Oleksandr Lutskevych
Advisor (CEO, Co-Founder CEX.IO)
Takes part in this project only
Mushegh Tovmasyan
Advisor (Founder, Divisa Capital)
Participates in several projects
Lex Sokolin
Advisor (Global Director, Fintech Strategy Autonomous Research)
Participates in several projects

Advisors (0)

ICO Stats
Interesting ICOs
Upcoming
DocTailor
DocTailor is a unique self customizing smart legal contract platform, that allows, lawyers, individuals and organizations to send and create legal tailor-made smart contracts and agreements on the blockchain without developer experience.Bridging the gap between the trillion dollar crypto economy market.
Upcoming
WinStars
Winstars is a decentralized gaming platform with a catalog of gambling resources, the core is built on Blockchain and smart contracts. We rely on simple and attractive games designed for anyone, not even a gambler, with transparent and guaranteed honest results. The goal of the project is to create an international, absolutely transparent gambling operator built on the basis of Ethereum, with the ability to check the history of each bet and game, with attractive affiliate program and the best opportunities to earn on the gambling market.
Active
Diagon
Diagon is a global eSports ecosystem for competitive gaming with three exclusive & innovative features: DiaArena, DiaBet and DiaExchange all for everything related to eSports; DiaArena will enable users from all around the globe to contest in different eSports tournaments; DiaBet for lovers of eSports, which will enable users to stake at eSports tournaments ongoing across the globe through Diagon’s ecosystem; DiaExchange for collecting and trading digital collectible card games and sending Diagon Gift Cards. Diagon Coin users will be able to perform all transactions in its innovative eSports ecosystem, which includes: competitive gaming, staking, trading and making virtual and real purchases. An emerging market for great revenue generation. - Over 215 million Occasional viewers. - Over 260 million eSports enthusiasts. - Over $1 Billion in revenue generation in 2019.
Upcoming
LOHN
Lohn is a widely spread contractual form in various industrial fields of international cooperation relations, especially in the industry of clothing, footwear, leather, furniture, software and hardware, pharmaceutical, metal working, metallurgical, machine tools, automotive, automation, machine building industry, electronics and appliance industry, food and beverage industry, petrochemical industry. The lohn (processing economy) has been and will be a solution to produce goods at reasonable and high-quality prices through the efficient use of labor and cheap raw materials in emerging economies. It is also a business model that creates economic and social progress across the world bringing together markets with productive resources and capabilities. The trading platform developed by the lohncontrol project will create global opportunities for small and medium-sized businesses that are responsible for generating 60% of GDP. It will give them a visibility that they do not have at this time and will encourage the development of direct business between them. This means low manufacturing costs and greater adaptation to market demands. Those who will win at the end of this interaction will be consumers who will get good products at realistic prices.
Upcoming
Nova Mining
Nova Mining is a mining operation established in North Macedonia. Nova Mining's goal is to install the largest mining farm through crowdfunding (using an Ethereum-based smart contract) and to make the community accessible to an industrial-scale cryptocurrency mining facility.
Upcoming
CARE Token
CARE Token is an ethereum blockchain cryptocurrency project that based on senior health care services. The project have backing of a known health care company in Nigeria called A&A Elderly Care Services.The project aim to provide solutions to the threat posing a challenge towards the care of the seniors through our DApp Platform.