Caspian all that you need to manage your crypto

in #crypto6 years ago (edited)

caspian all that you need to manage your crypto.jpg

So what does it take to make money with crypto?

  • You need to be at the right place at the right time. (Read have account with multiple exchanges)
  • A sense to smell out opportunities (Read right tool to discover trends, design strategies and execute orders before the trend blooms and its time to see the profits roll in)
  • Nerves of steel and the ability to thing with your head and not your heart.
    So basically you need to have the ability to make logical decisions, know when and how to cut your losses and have a firm resolve.

If you have these qualities then you can make the most of the crypto boom. When I say crytoboom do not be skeptical. I know crypto and BTC is down but look at the swings it takes.
If you are deft and nimble footed then you can make a fortune in this current market as well.

This part is easier said then done and generally is for traditional investors, asset managers and traders who have a wide range of tools to make a living in the financial world.
Now when people who deal with financial markets dabble with money they are not taking pot shots to get lucky instead they make informed choices.

This is possible due to the fact that they have tools that help them work across different markets, manage orders, predict and identify trends and all this from a single interface.

Now when they very people move to crypto they see the opportunity but without the tools they cannot operate.

So this is where Caspian comes in.

This lowers the entry barrier for professional traders, fund managers and investors.
With this intent it is building the following functions in its interface.

  • Execution
  • Position & Risk Management
  • Compliance & Reporting

How does Caspian work?

The best way to find out about how Caspian works is to check out its working demo

This is what you can expect to find from the Caspian experience.
Let us look under the hood for some technical information

The first thing that catches my attention is ...

Caspian and the state of the art Order and Execution Management System

Enter your Caspian dashboard and you get access to a whole gamut of financial tools that you would ever need.
You get to access all the crypto exchanges that you want to trade on. This give you the
opportunity to make use of the arbitrage opportunities as well as make use of lower fee structure or promotion offered by a particular exchange.
As most traders who trade frequently know how trading commissions of an exchange can eat into your profits so they constantly look for ways to find exchanges that offer the lowest trading fee.
Caspian offers them the interface to access all the exchanges from a single interface and this makes it easy to compare, pricing, trading fees and any promotional benefits that may be going on at any given point of time.

Caspian Position & Risk Management

From my own experience of trading on multiple exchanges I can relate to the difficulty that arises due to having position on multiple exchanges and collating the buy sell price from different exchanges.

This gets even more complex as your trading volume grows.
Caspian understands this challenge and thus offers a single interface to display all the previous trade history covering all the exchanges that you have traded upon.

With this feature it becomes easier to track

  • Orders
  • Profit and loss across accounts
  • Divest the portfolio
  • Reinvest the proceeds of a cryptocurrency sale
    The Auto Reconciliation tool offered by Caspian helps you see a consolidated view of the positions held in each exchange.
    Since this is an automatic feature therefore one can rest assured that errors do not creep in due to manual computation.

Caspian Compliance

Discipline, setting up trading and portfolio rules and following them are key to the good health
of your portfolio.
Caspian offers built in features that can be implemented by the user from within the Caspian interface.
Typically a user can use these rules to set up

  • Warning Limit
    This warns a user when a rule is about to be broken.
  • Approval Limit
    When there is more then one person managing the portfolio and a set limit is reached then a
    person in a supervisory role is given a password enabled access to override the Compliance
    alert.
    -Absolute limit
    This is the ultimate limit which when reach cannot be overridden by any user.
    With such compliance checks built into the system, a user can set these rules and create an
    administrative structure to be followed and this can help better manage the account.

Caspian Reporting

If you are managing money or assets be it yours or for others it is very important to have ready access as to how you are doing.
This information works as a report card to display your performance and that of your asset
management skills.
Juggling with reporting tools is a task in itself but not with Caspian.
Caspian has a built in ability to create easy to create and navigate reports and give outputs in multiple formats be it pdf or excel.

Summary of Caspian

Managing cryptos is a tough challenge, be it for the high entry barrier or the inherent volatility of
crypto assets.
Caspian Gives you a single interface access to all your crypto asset management tools to
manage assets across multiple exchanges and markets.
Be it executing trade, monitoring or reporting all can be done from withing Caspian and that too
with ease and comfort.

More Information & Resources:


https://steemit.com/crypto/@originalworks/910-steem-sponsored-writing-contest-caspian

tweet: https://twitter.com/animaya8/status/1029384949210775552

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