Spring Discounts
Spring Discounts -50% on Premium packages
Get Premium
BTC $ 4,054.36 -0.66%
ETH $ 138.3 -1.15%
MARKET CAP $ 140 bln -0.69%
ICOs 5,339
Translate this page
0

XTRD

Trading
7,591 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
ICO Price: ≈ 0.08 USD
Accepting: ETH
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
Serg Gulko
Founder, CTO
Jon Giacobbe
Founder, COO
Oleksandr Lutskevych
Advisor (CEO, Co-Founder CEX.IO)
Mushegh Tovmasyan
Advisor (Founder, Divisa Capital)
Lex Sokolin
Advisor (Global Director, Fintech Strategy Autonomous Research)

Advisors (0)

ICO Stats
Interesting ICOs
Upcoming
Faireum
Faireum is a public blockchain which focuses on the problems of the online gambling industry and resolves them with a set of protocols that provides a decentralized, low-cost, transparent and secure gambling experience. To achieve this, Faireum uses its token and game contract to guarantee users a premium betting experience and superb services across lottery, horse-betting, sports-betting, casino games, digital games and countless more. A smart client also works alongside Faireum’s protocols, called a Faireum node, which helps provide users with a safe, seamless and always-on experience in playing all the games they wish to play.
Upcoming
Bither Platform
The architecture of Bither is designed to minimize the computational resources required for safeguarding the network, by doing so, a portion of the computing power, by the miners’ choice and in a democratic way can be driven towards scientific projects that are in need of computing power to process big data. In this way, Bither provides PoW consensus mechanism with a more efficient framework. One of the Bither’s features is the merged mining, this is a powerful incentive to draw more miners to Bither’s network. Miners would be able to mine all customized tokens located on the second layer, not just the main coin (BTR). Bither Platform benefits from a more efficient, flexible, modular-based and user-friendly set of features that even currently-existing blockchains with a second layer solution do not. As an example, in Bither, users can add a third layer to their network located in the second layer. Such a feature makes them able to define multiple tokens and make their project better structured. To conclude, the Bither platform while providing all the features of current blockchains such as protecting the network with PoW, tokenization and smart contracts, it aims to push blockchain technology one step further in order to have a place in a green and eco-friendly future and to be a great help for science to afford to process big data. Besides these, Bither has brought many innovations to make its platform more efficient and user-friendly.
Active
Gleecoin
The first global digital ecosystem powered by blockchain. Take part in our sale and utilise 5 fully working products to your benefit with more efficiency, cost-effectiveness and security through the use of blockchain technology. Gleec follows business lines in which the company already have extensive experience or has done extensive research in. Due to having previous knowledge in telecommunications, and after discovering shortcomings in the e-commerce industry and learning more about blockchain technology, we knew that it will be very beneficial to combine all of this into a cohesive ecosystem. Compared to many other cryptocurrency projects that promise exorbitant gains in a short timespan, we already operate multiple working products that have real potential to gain traction among users.
Active
Ammut Network
The AMMUT Ecosystem is built, designed and equipped to solve tasks that require high computing power such as deep learning, mining, scientific calculations, CGI rendering, 3d rendering and it’s made of several components: AmCU (Ammut Computing Unit), a low-cost hardware platform, specialized in the execution of tasks that require high computing power and designed to specifically and significantly improve on all pre-existing models in terms of profitability and longevity and the Ammut network, made up of all the AmCU devices connected to the network. AmCU takes tasks from the network, based on the earning coefficient that was initially set by the user, sends the results to the Ammut Network, and then it receives the reward based on the earning coefficient and the time spent to solve the task.
Upcoming
MediLOT
MediLOT is a health data protocol that aims to solve the concerns of Electronic Health Records (EHR). Current EHR systems are fragmented, centralised and lack patient ownership. Through a dual blockchain solution, MediLOT incorporates Artificial Intelligence capabilities onboard its control and data layers which allows the equitable sharing of health data. The MediLOT ecosystem will consist of patients, healthcare providers, researchers and commercial companies.
Upcoming
Escrowblock
The aim of the project is to create an EscrowBlock platform for the Ethereum network blockchain. Such a platform can work as an independent environment, or be integrated into other Smart contracts, to provide escrow services as part of any other projects. The team will start the project on Mainnet Ethereum blockchain and then make a fork for providing an independent service.