Introduction
Caspian is an ecosystem that provides connectivity and interoperability through disparate trading platforms for encryption investors through a unique and easy-to-use interface. Led by an experienced team of developers, and leveraging the capabilities and resources of two existing and successful financial businesses as co-construction partners, Caspian is building an ecosystem that covers the gaps currently faced by encryption operators.
CASPIAN The world of crypto grows continuously. There is a lot of new exchanges and cryptocurrencies. Traditional investors, asset managers and operators must navigate resources and tools individually in order to participate in the cryptographic space. This creates a barrier to entry for individuals and institutions that might otherwise participate in this growing economy. Caspian is a complete stack of financial tools that integrates with the main exchanges to offer users a unique place to interact with the entire cryptographic space.
<The measure seeks to bring Caspian to be an all-in-one platform with access to multiple exchanges.
Caspian partners with Bitmex
The Caspian firm is establishing alliances throughout the cryptocurrency ecosystem to become an institutional portfolio management system, focused on investors, all in one. This week, the company partnered with Bitmex, so now Caspian customers will have a unified trading module with more liquidity. In addition, the company provides an order management system (OEMS), a risk management system (RMS) and a portfolio management system (PMS)Co-founder of Bitmex, he says that the collaboration with Caspian makes sense because "Bitmex uses the latest multifactor security, inside and out"Bitmex offers a lot of liquidity since in the last 30 days the exchange has managed to exchange $ 3 billion in commercial volume. The firm offers leveraged operations and futures for multiple cryptocurrencies and claims to have "300 percent more Bitcoin / USD liquidity than any other platform". "Our goal in Caspian is to drive an exponential growth in the participation of crypto-commerce between institutional and sophisticated investors". Essentially, Caspian is a joint venture linked to the Tora firm that provides an OEMS global trading platform together with a blockchain company called Kenetic. The company says its main mission is to offer sophisticated merchants security technology and banking level negotiation
Caspian offers the first complete crypto asset management solution
A major investment company in block chains and cryptocurrencies, today announced the launch of Caspian, a joint venture that offers institutional investors - crypto trading platform and risk management platform. The cryptographic asset management solution provides sophisticated connectivity and interoperability through various cryptocurrency exchanges and is expected to boost exponential participation in crypto-negotiation by the CASPIAN platform.
To allow this multi-billion dollar market to emerge, investors need a transition to a decentralized business model backed by an institutional-grade platform that easily facilitates large purchases of BTC and other crypts with access to familiar tools used in traditional marketsCaspian is the first large-scale institutional infrastructure specifically aimed at traditional asset management companies, market makers, institutional speculators and anyone with a diversified portfolio.
Caspian in the MARKET
Crypto trading is still relatively young, and investors can not manage a diverse portfolio of cryptographic assets on a single platform. One of the biggest challenges for institutional investors is the lack of tools to support this new era of crypto-commerce; While other products in the market tend to focus only on the management of orders and executions, Caspian offers a complete set of cryptographic asset management solutions. Caspian offers critical features, such as a compliance overlay, the ability to track real-time gains and losses and exposure. and the ability to inform stakeholders both internally and externally.
Caspian equips investors with a full OEM, PMS and RMS, backed by 24/7 support. Caspian will offer the following services at launch:
-Interface of unified negotiation in exchanges
- Customizable market data
-Quick execution of the order and modification
-Order shortcut
-Cortado of orders for parents and children
- Set of sophisticated customizable negotiation algorithms
-Pre-trade conformance
-Complete audit and reconciled book of records
-Fully customizable with indicators and breakdowns
-Monitoring positions in real time through exchanges and portfolios
What is Caspian looking for?
Caspian is a complete asset management solution that covers the entire life cycle of the business. Includes a fully developed OEM, PMS and RMS. It provides a unique interface in all major encryption exchanges, a complete set of sophisticated trading algorithms, historical P & L and exposure tracking and professional customer service. Caspian's full-stack cryptographic asset management solution is available today and has the backing of a complete team to incorporate leading investment companies and traders
CASPIAN LOOKS FOR, THE EXECUTION OF ALL DENTRELIZED SECURITY
Understand the frustrations when trading with crypto
Active traders and institutional investors are entering cryptocurrency markets in increasing numbers as they continue to look for ways to include digital assets in their portfolios. Unfortunately, cryptocurrency investors face several challenges if they try to trade in a professional capacity
these challenges will continue to hold back the avalanche of institutional capital that is still waiting on the sidelines. The current fragmentation of digital asset exchanges, together with relatively low trading volumes compared to traditional markets, creates high sliding costs and illiquidity for large participants. Even comparatively small order sizes have the potential to consume all available liquidity in a given trading location, causing a significant execution slip of current market prices.n addition, since most of the existing encryption exchanges started as small companies such as CASPIAN, which have grown organically as the market has exploded, they have not been designed to handle the large volume of orders expected from institutional operators. and high frequency. Even the largest and most reputable trading centers suffer from high latency compared to traditional stock and futures markets, creating problems for institutional investors that require near instantaneous execution. The lack of proper customer service often aggravates these problems, as evidenced by the numerous cases of users who remain blocked for days due to technical difficulties
Negotiation in traditional and encrypted markets presents a series of other challenges beyond the periodic performance failures of the premises themselves
Professional dealers need access to both environments with fast and reliable on / off ramps. In addition, they should be able to rebalance the portfolios to ensure that they maintain certain allocation and risk objectives, an extremely difficult task due to the aforementioned fragmentation and the lack of reliability of the existing liquidity places.
Lack of security
Since the advent of nascent encryption exchanges in 2011/12, vulnerability to piracy has resulted in theft of more than $ 4 billion in equivalent digital assets. In addition, existing exchanges lack many of the protections of customers that are taken for granted when transacting on traditional market platforms, particularly solid risk management capabilities with respect to the custody of assets on the platform.
Unlike traditional markets, where the functions of matching orders and price discovery are quite separate from the custody and settlement of transactions, the current scenario in the cryptographic universe is such that generally all these functions are performed by a central part: the cryptographic exchange. This creates an obvious dilemma for any large institutional stakeholder, that is, they are exposed not only to the market and liquidity risks that arise from their business activities, but also to the counterparty risks associated with the custody and liquidation of their assets. In addition, these counterparty risks are, for the most part, extremely difficult to quote and practically impossible to cover, a problem that worsens when one learns that many of these liquidity places are unregulated private corporations with opaque, but invisible balances. Make the recovery of lost or misappropriated assets almost impossible.
In combination, these barriers have slowed the growth of encryption investment and are a likely cause for institutional players and sophisticated operators to remain on the sidelines. Our industry requires a solution. By providing professional level commercial, execution, compliance and risk management functions through a single, easy-to-use, high-performance interface, we believe that the Caspian platform addresses all the major barriers currently faced by encryption investors. In the next series, we will guide you through the key features of the Caspian platform and how they could help end the challenges faced by more sophisticated investors when they market encryption.
Why CASPIAN?
It provides all the functions you need to manage your encryption fund, tracking various position, risk and portfolio metrics. Apart from providing us with the necessary help to keep our belongings safe, CASPIAN is necessary for our lives; Pocket, wallet or purse will always be guaranteed.
• Zero I.T. OVERHEAD:
Manages technology, including Software and Hardware integrations; manage your encryption fund
• Security:
Developers of Blockchain that guarantees security of cryptographic assets
• Experience:
Construction of institutional trade systems.
Caspian is a complete asset management solution that covers the entire life cycle of the business. Includes a fully developed OEM, PMS and RMS. It provides a unique interface in all major encryption exchanges, a complete set of sophisticated trading algorithms, historical P & L and exposure tracking and professional customer service.
<center>When we talk about CASPIAN we mention "The world of crypto grows continuously" And we ask ourselves: What is crypto? What is Cryptography?
Crypto/CoinThe cryptocurrencies are virtual coins. They can be exchanged and operated like any other traditional currency, but they are beyond the control of governments and financial institutions. Cryptocurrencies can be considered as an alternative to the frauds that cover us, but in reality they were conceived as a fully paid solution. conventional. At this time, many stores accept cryptocurrency as a form of payment. In cryptocurrency systems, the security, integrity and balance of your account statements (accounting) is guaranteed by means of a network of agents (segmented file transfer or multi-source file transfer) that are verified (mistrust) mutually called miners, which are, for the most part, public in general and actively protect the network (the network) by maintaining a high rate of processing of algorithms, in order to have the opportunity to receive a small tip, which is distributed in a random manner; With this digital currency walking in the market life economically becomes a little easier and easier, Now more with CASPIAN, security and experience grows randomly; since we possess the tools individually to be able to participate in the cryptographic space.
Cryptographic Cryptography is the science that protects documents and data that acts through the use of figures or codes to write something secret in documents and data that is applied to information circulating in local networks or on the Internet. The Romans used codes to keep their ideas and war projects from those who did not know them and did so with the purpose that the entities that knew the meaning of the code interpreted the hidden message. It traditionally deals with encryption or coding techniques designed to alter the linguistic representations of certain messages in order to render them unintelligible to unauthorized recipients.
From a mathematical point of view it is like keeping a message in a locked box. "It's one thing to have a good mathematical solution, and another is to apply it safely."
Problem: current market
The digital assets space has grown exponentially since Bitcoin was launched in 2009. As of April 2018, the average volume of daily transactions in all digital asset exchanges exceeded 18 billion dollars equivalent, with an estimated total capitalization for blockchain instruments that exceed 325 billion dollars equivalent. Market analysts expect 3 numbers to grow to 10 trillion dollars equivalent by 2033. While the size of encryption space 4 remains small compared to traditional asset classes, the growth in this sector is unmatched.
More than 200 exchanges are currently active. Of these, five exceed $ 1 trillion, 5 equivalents in daily transaction volume, and 19 have more than 100 million dollars equivalent to the daily volume of operations. It would be almost impossible to try to list all the tokens that have been issued to date. Only the top 16 currencies have market caps of more than 1 billion dollars equivalent, and among them, four currencies have a daily volume of more than one billion dollars equivalent. Therefore, it is reasonable to expect that fragmentation of both tokens and exchanges is a persistent feature of the blockchain markets in the short to medium term.
Unreliable marketing
Executing operations in the encryption market currently poses a series of challenges, of varying complexity, for investors. At a basic level, the current fragmentation of digital asset exchanges, together with relatively low trading volumes compared to traditional markets, often creates problems around liquidity and slippage. Even comparatively small order sizes have the potential to consume available liquidity, causing a significant slippage of the current market price, this can lead to high commercial costs for market participants. The exchanges started as small businesses and have grown organically as the market has exploded, often unable to handle large volumes of orders. As a result, exchanges often suffer from high latency. In the case of institutional operators in particular, this has the potential to undermine investment strategies if it causes delays in the execution of operations.
Trade, particularly in places of traditional and digital assets, presents a number of other difficulties. Regulated exchanges now include instruments such as future ciphers, and we expect this trend to accelerate as publicly traded companies increase their exposure to crypto-stocks and additional derivatives arise. This requires that buyers have the ability to access both traditional and digital asset exchanges and to fluently change fiat to digital assets and vice versa. Many of these products are also highly regulated and may not be legally available.
Main benefits of Caspian
Caspian effectively aggregates prices, supply / demand information, orders, positions, accounts and executions of multiple encryption exchanges and other sources, presenting the information on an individual platform. It allows users to act on this information by sending orders to exchanges individually or by using a Smart Order Router based on existing Tora technology. The benefits of the Caspian platform can be organized into three main categories corresponding to the current needs of the crypto-negotiation space: execution, position management and compliance. More improvement plans are described in the roadmap section of this document.
Caspian provides a unified control center optimized for quick operations, which will serve as the main center for portfolio managers and traders. It is based on the technology developed by Tora to serve its large customer base, and has been improved to meet the specific needs of the cryptographic space. Users can receive alerts about slip or fill time, allowing them to take action based on market conditions. Caspian allows traders to react quickly to market conditions using the settlement functions. Caspian also plans to add transaction cost analysis (TCA) checks before the transaction to identify which exchanges will be best suited to execute orders that must be completed. Security is paramount to ensure the privacy and integrity of all data flowing through the Caspian .
One advantage and one challenge for the cryptographic space is the rapid pace of change. Any solution must be able to quickly adapt to new marketable products, new exchanges, new digital assets and new technologies. In many cases, this requires real development, which makes a trained, flexible and adaptable development team even more critical. By taking advantage of the Tora development team of more than 150 people, Caspian offers this flexibility. The team uses the Agile methodology, with short and efficient 2-week development cycles ("sprints"), which allows Caspian to adapt quickly and efficiently to any change. While the Caspian solution is designed to be a turnkey solution for the digital asset space, any of its modules can be easily connected or integrated with other systems and third-party solutions, including the exchange of digital assets, management systems of risks and patented portfolio management systems. Caspian plans to offer a variety of such integrations, allowing customers to choose the individual components that are appropriate for their current workflow and have Caspian connect to other systems as needed.
The Caspian token
The Caspian token (CSP) is an ERC-20 token that will be issued in the Ethereum blockchain. The CSP token model has been designed to meet several main objectives. In the broadest sense, the objective is to link the best functionality of Caspian with a token that encourages the use of the platform and the development of tools and unique features of third parties. Specifically, the token is intended to create a rich and participatory ecosystem where users of the platform also become members of the community with an active interest in the platform. This is achieved by giving the tab user utility to platform (discount and governance) and user utility to developer / developer. In general terms, the token is not necessary to access the platform, but it can be used to improve the experience of one of them through an intentional variety of media and to obtain a variety of benefits. The hope is that users who are not familiar with the usefulness of tokens will be encouraged to take steps to use the token in gradually more complex ways.
The function will provide a fundamental value for the token by allowing token holders to combine different discounts that can offset the platform's fees. . The framework of governance nodes will also allow members of the token community to contribute to the management of the platform, Caspian will encourage the development of third parties on the platform through grants, rewards and a rewards engine. This will allow the appearance (proven) of new features in the platform, complementing the basic features with a richer and more attractive functionality. The token is designed to improve the user experience and enrich the Caspian community. It is not designed to be necessary to enjoy the set of basic features of the platform. Even without the token, customers can use all the main features discussed in the previous sections. That said, using the CSP token will open up access to unique benefits that should be attractive to a wide range of users, and multiple sources of utility allow different users to find value in the token in different ways.
The benefits for the card holders will involve the sending of tokens to a stakeout contract. This is primarily designed as a means to account for the symbolic balances of active users. The tokens sent to the contract can not be used for transfer or negotiation. However, users will retain the ability to remove the tokens from the smart stakeout contract at any time at their own discretion.
Caspian reserves the right to modify the stakeout threshold or temporarily suspend the stakeout minimums in extreme circumstances, even in response to sudden drops in the market that raise the thresholds for setting out effective tokens. Stake tokens to use Developers who offer their applications in this way specify the monthly stakeout requirement and become eligible for tokens. The applications that are offered in this way are called 'free applications' because users are not required to pay, only to betting tokens. Examples include third-party graphics or fundamental analytics services with an access fee set in 10 tokens wagered per month per user, or any amount the developer deems appropriate.
Team overview
Caspian's senior management team brings decades of combined experience in finance and technology. Caspian team members have held high positions in a well-known investment companies and technology companies, and several were the first to adopt the blockchain technology. In their respective roles in Tora and Kenetic, they have demonstrated their ability to work together effectively in developing financial and commercial solutions that have achieved great success. Beyond its experienced management team, Caspian is backed by the resources of both partners in the joint venture, Tora and Kenetic. Among Tora's main global OEM operations platform and the industry-leading Kenetic blockchain experience, the Caspian full-stack digital asset management solution is backed by a full team of more than 150 people.
Advisors
Crypto commerce and platform solution
Caspian is an ecosystem designed to solve the problems faced by cryptocurrency investors that use a unique and easy-to-use interface. It does this by providing sophisticated connectivity and interoperability in various digital asset exchanges. Caspian is expected to drive greater growth in the participation of digital assets by institutional and experienced investors. Caspian equips investors with a full OEM, PMS and RMS, backed by comprehensive customer service. Its features include professional level execution, position management and reporting capabilities. Caspian is not designed to interrupt the current digital asset space or to compete with existing exchanges. Its objective is to support the purchase of digital asset instruments in a reliable manner for a large number of participants, helping to bring liquidity, volume and dynamism to the sector.
Caspian is a joint venture between two companies, Tora and Kenetic, each of which has a successful track record in asset management and investment in cryptocurrencies. Tora is a leading provider of asset management technology, which includes an OEMS that averages a monthly notional capital volume of more than US $ 100 billion and is currently responsible for 17% of the volume of Japanese institutional capital trading. The company, with connectivity to more than 150 stock and derivatives markets, as well as customers in North America, Asia, Europe and Australia, is in an ideal position to launch Caspian, which will be the first large-scale institutional infrastructure specifically aimed at managing of traditional assets. Companies and market makers.
Caspian's senior management team is in a unique position to build a strong, flexible and secure platform capable of attracting the participation of leading merchants and market makers.
CASPIAN generate us, various profits
• A system Cloud-based technology platform that provides management for your crypto portfolio
• Unique Interface Access to the exchange of encryption through a single interface
• Complete Commercial Stack Software Solution: Portfolio, Order, Execution and Risk Management system. Complying with the token restriction list
• They work with what you have Caspian is an open platform. It is designed to run smoothly with your existing technology infrastructure
Caspian preselects as the most innovative company in Hedge Fund Technology Awards
Caspian's selection for this award comes as a result of the major partnerships it has announced with both Gemini, the exchange of licensed digital assets, and BitMEX, Bitcoin's most advanced peer-to-peer trading platform. In addition, the full stack cryptography risk and commerce management platform has developed an FX API, a complete set of institutional algorithms and an intelligent smart order router, all in the last 12 months. Caspian's multi-asset trading platform has been specifically designed to meet the needs of institutional investors who are implementing a diverse strategy that currently requires them to make exchanges and maintain target assignments in many exchanges. This fragmentation of encryption exchanges creates liquidity and slippage problems, as well as a challenging audit and compliance environment
The complete risk management and cryptography platform for institutional investors and sophisticated operators has been pre-selected for the award of the most innovative firm at the HFM European Hedge Fund Technology Awards 2018. We believe that being pre-selected demonstrates confidence in Caspian's technology and its importance in the hedge fund administration space, together with the recognition of the impressive technological advances that we have achieved in the last year. Caspian provides investors with a comprehensive Order and Execution Management System (OEMS), a Portfolio Management System (PMS) and a Risk Management System (RMS), backed by an experienced customer service. Its features include professional level execution, portfolio management and reporting capabilities.
Building crypto system for investors
We are reaching a crucial point in the history of crypto development. While the general public can focus on the headlines about the ups and downs of the cryptocurrency markets, the important thing is that the world is watching. However, that includes institutional investors, who are increasingly interested in the benefits that crypto offers their portfolios, to a degree that could have been unthinkable even six months ago. These investors, who have $ 130 billion of assets under management around the world, could have a major impact on the encryption market, whose market capitalization is still less than $ 300 billion.
Many of these investors are still waiting to be convinced to make the leap to cryptography. One thing that still remains for many institutional investors is the fact that commercial management systems in the cryptographic world simply do not offer the sophistication to which they are accustomed in conventional commerce. They have become accustomed to the support of reliable automatic tools, and the possibility of working without them can be a serious obstacle.
As it is now, cryptocurrency operators are often reduced to the use of spreadsheets and ad-hoc solutions that offer much less than they need in terms of optimizing operations execution, risk management, and auditing and compliance.
Resolving pain points
Our mission at Caspian is to build a solution to this problem by offering a complete cryptography trading and risk management platform developed for institutional investors. There are several real pain points that institutional investors face, and in the construction of Caspian, we have focused on alleviating them.
Cryptographic exchange fragmentation
One of the biggest problems for institutional investors is the fragmented nature of the market, which requires them to operate in several exchanges. Often, this forces them to devise personalized ways to deal with the limitations of each exchange, a time-consuming and frustrating exercise. Not only that, but this can generate problems of liquidity and slippage, since even small businesses can consume liquidity and make prices go down.
Caspian offers an institutional grade system that allows operators to avoid this barrier and connect seamlessly to multiple exchanges. At this time, Caspian connects to 15 major encryption exchanges, including BitMEX, Gemini (FIX), GDAX (FIX), Bitfinex, Poloniex, BitFlyer and Binance. Caspian plans to add up to 40 additional commercial platforms for the third quarter of this year. Our fully customizable order management and execution system (OEMS) offers a unified negotiation interface in all exchanges, fast execution of orders and modifications, management of direct access to orders and more.
Portfolio management
Another big pain point for institutional investors is portfolio management. Investors face great difficulties in tracking their real time and historical losses and gains (profits and losses). Our PMS (Portfolio Management System) allows users to see historical gains and losses in real time at any time interval, as well as real-time tracking of positions in the stock and wallet markets.
Risk management
Then there is the question of risk. Often, encryption exchanges lack many of the security features offered by trading platforms in traditional markets, including experienced customer support and risk management capabilities. Our Risk Management System (RMS) offers fully reconciled positions, as well as precise prices and valuations, so there is only one view of the portfolio throughout the company. It allows users to run simulation-based scenarios that generate risk metrics in seconds, allowing for faster and more effective decisions.
Building for the future
In summary, the comprehensive Caspian suite offers institutional investors the tools they need to fully inhabit the cryptographic space, backed by an experienced customer service. For Caspian, the creation of a cryptographic trading system that meets the needs of institutional investors is a benefit not only for those merchants, but for the entire cryptographic ecosystem. Providing the infrastructure that institutions need to enter with confidence in the crypto world sets the stage for a much larger market. This brings the necessary volume, scale, stability and liquidity, not to mention the kind of credibility that can encourage more players. In the end, we believe that building an effective commercial solution will elevate all ships to help cryptoactivize to match their enormous potential.
Product benefits
-Change the way you think about compliance
Caspian Compliance makes your life easier by delivering a fully managed turnkey solution that does not affect negotiation workflows.
-Compliance that does not affect workflows
The Caspian Compliance server verifies tens of thousands of simultaneous orders against dozens of complex compliance rules based on the portfolio with 0.0005 seconds of latency or less.
Main characteristics
- Authorized users can configure new compliance controls
-Full audit trail for each order, available at any time
-Automatization for restricted trading lists
-Flexible work flows with optional approval protocols
-New rules delivered dynamically without requiring updates
video of @Chiki posted on youtube about CASPIAN
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