XTRD - Unifying Cryptocurrency Exchanges

JigaMola

XTRD is a platform that is here to build trading infrastructure (soft ware and hard ware )in the crypto space and become one of the first full services shop in the crypto currency markets for large traders and funds. Finance and trading experts created XTRD to bring solution to the problems of crypto currency and trading practices by increasing the value of productivity of present trading practices.

XTRADE is a platform for trading crypto-currencies, solving existing problems of more than 60 broken and decentralized pools of liquidity and providing safe, modern trade for participants in cryptographic markets around the world. XTRADE will function as a provider of performance technologies for trading. The platform provides price transparency, higher liquidity, low slippage, fast execution, low cost, trading multiple markets with one account and much more.

The following problems are associated with cryptocurrency trading:

A complex web of exchanges

A combination of differing KYC policies associated with APIs, funding, and interfaces will result in a fragmented patchwork of liquidity for the cryptocurrency. Major concerns for traditional cryptocurrency market participants range from liquidity and hacking prevention to unmitigated slippage and counterparty risks.

High fees

The exchange commissions associated with trading of cryptocurrencies typically are in 0.1%-0.25% range per transaction, which are 10 to 25 basis points. The effective fees of transactions are much higher when taken into spreads and bids maintained by the exchanges.

There is generally no central regulator or authority for examining internal exchange orders that systematically separates customer activity from proprietary activity, which can ensure fair pricing.

Decrease in liquidity

If not managed correctly and executed only on the exchange, a single order to purchase USD1,000,000 worth of cryptocurrency can cost an additional USD50,000-USD100,000 per transaction to the investors due to the lack of liquidity.

XTRADE has been launched to solve the problem of low per market liquidity, decentralized execution in cryptocurrency space, and unfamiliar interfaces. Below are the sequential stages in which XTRADE operates.

Implementation of the Multi Exchange Fix API

Xtrade will launch a universal low latency Financial Information eXchange (FIX) based API that will be connected to all cryptocurrency exchanges to make it easy for major algorithm traders, major institutions, and hedge funds to access all cryptocurrency markets by coding to just one FIX application.

Launching the XTRADE pro-trading platform

A highly robust, multi-exchange stand-alone trading platform will be launched by Xtrade in 2018 for active cryptocurrency traders around the world.

SPA (Single Point of Access) cross-exchange/liquidity aggregation

This platform will create a single unified point of access during stage 3 of development. It will aggregate liquidity across exchanges for cryptocurrency traders. In addition, it will allow traders to clear at the best possible price while systematically delivering the lowest possible transaction cost. It will also deliver atomic swap capability all within just one client-side account.

MISSION

XTRD aims to build trading infrastructure (Hardware and Software) in the crypto space and become one of the first full-services shop in the cryptocurrency markets for large traders and funds.

PRODUCTS

XTRD is launching four separate projects: FIX API (Industry-standard exchange API), SPA (Single Point of Access for Exchanges), XTRD PRO (Direct-connect desktop trading), XTRD DARK (OTC trading ecosystem).

FIX (Financial Information Exchange) Protocol serve as the common language for international financial transactions because all other systems are different, there was a great requirement 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

XTRD creates a single unified point of access (SPA) 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 capability for all with just one client-side account.

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.

FEATURES OF THE PLATFORM

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;
Create a venture arm to seed emerging trading technologies in the crypto execution space deemed complementary to XTRD’s mission.

XTRD ARCHITECTURE

The XTRD has a structural architecture which displays the pattern on how the platform works. The general representation is shown below.

BENEFITS OF XTRD PLATFORM

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.

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.

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.

TOKEN SALE AND ICO DETAILS

XTRD token is an ERC20 compliant utility token, which is developed on the Ethereum blockchain just like other popular ICO tokens such as BunnyToken, Cibus, Amon, Aktie Social, Alttex, THEFANDOME.

It will be used as a primary means of payment by users for obtaining services rendered by this platform. XTRD tokens will be sold by this platform to accredited investors through a SAFT (simple agreement for future tokens). The price of one token will be USD 0.10 during the ICO sale.