Caspian. An Institutional Grade Crypto Trading Platform
Introduction
We all have seen people who get rich overnight by investing in cryptocurrencies like Bitcoins. This has attracted the attention of many people who did not know the world of cryptocurrency. Increasing the number of users that use cryptocurrency.
It is no secret that cryptocurrencies are a means to maintain or increase the economic level of both users, investors and institutions. The cryptocurrencies are available to everyone and we can acquire them either through airdrops, bounties or mined; and keep them stored in our digital wallets.
But keeping cryptocurrencies in our wallet will not make us rich overnight. It is not exchanging crypto currencies for other cryptocurrencies, but investing in the cryptocurrency market. However, this market is very volatile and if we do not know it well, we can lose all our money.
There are many factors that prevent major experts in stock market investment or institutional-grade solution from entering the cryptocurrency market. However, in this publication, we will see how Caspian offers us a tool that will make our investments in cryptocurrency more secure, both for large investors and for small users who wish to enter this world.
Crypto Trading World
It is well known that cryptocurrency market is attracting more and more traders and investors. For this year 2018, daily trading volumes exceed 30 trillion dollars (compared to the previous year, 9 trillion), with more than 200 cryptocurrency exchange companies; market professionals indicate for the next 15 years, this value will reach 10 trillion dollars per day.
It has also begun to increase the companies based on the blockchain. So far this year, ICOs have increased to 9.6 billion dollars. This opens a new innovative and ambitious market for investments, in which companies like Kodak, Microsoft, IBM, Amazon, among others have begun to venture into the world of the blockchain.
However, the cryptocurrency market presents a series of problems that have held back investors and large institutions. There is not enough confidence in the execution of businesses when it comes to investing.
The existing exchange sites are not yet in the capacity to handle large trading volumes of the institutional investors of stock exchanges, which can normally manage averages of 220 billion dollars per hour. Even the largest exchange can suffer from significant delays when processing large volume orders, stopping an entire investment due to technical problems. This creates what is called by investors, a market fragmentation.
Many investors find it necessary to manage many exchanges at the same time to make these types of investments, however, it becomes complicated and difficult to monitor assets and orders in this way. Carrying out rebalancing presents another challenge for investors.
Another problem the exchanges present is security. Most exchanges have been hacked and have lost millions of dollars in computer thefts. The risk management of these exchanges are usually non-existent or invisible to investors.
Fragmentation of the cryptocurrency market, forces investors to create their own solutions for registering and monitoring orders manually to follow funds and exchanges. In addition to creating their own regular reports corresponding to liquidity, risk value, portfolio returns, etc.
It is obvious that a tool is needed to solve these problems.
Caspian
Caspian is a platform with a friendly interface, designed to solve the problems that investors present in the world of cryptocurrencies tradings. Caspian does not come to change the world of cryptocurrencies, nor does it come to compete with existing exchange solutions. It simply offers connectivity to multiple cryptocurrency exchange sites in one place, along with a series of solutions that make it easier for investors to carry out their operations in a safe and reliable manner. Thereby, allowing institutional-grade solutions enter the cryptocurrency markets
Caspian is backed by Tora and Kenetic; two leading companies in digital currency management and investments.
The advantages of this platform can be summarized within the world of cryptocurrency exchange in three parts: Execution, Position Management and Compliance.
Execution
OEMS (Order Execution Management System)
Caspian offers an optimized system for fast tradings, accessing the largest exchanges sites in the market through a friendly interface. Which allows executing, sending or modifying trade orders, receiving price information of each exchange, digital asset metrics (position information of each crypto) and other transaction information. It also allows to see and manage margins through multiple exchanges.
Within this system, there are several features that benefit the use of the platform:
SOR (Smart Order Router)
This module allows the user to program an order to be executed automatically in any of the exchanges sites that the platform manages, depending on certain conditions. For example, users can schedule an order to sell ETH and buy LTC within a range of certain prices, liquidity and commission, even if they are large orders.
Algorithms
Caspian makes use of the Tora and Kenetic algorithms to guarantee the best tradings, especially for institutional investors. These algorithms are able to divide a large volume order into multiple orders using SOR and obtain better results automatically. These algorithms can be modified through parameters, establishing better ranges that optimize trading.
User-built strategies
In addition to the algorithms, Caspian defines a language based on simple rules to allow users to define their own trading strategies. Thereby, defining rules that executes an order depending on the fluctuating value of the cryptocurrency price.
Alerts
Caspian allows users to configure alerts that appear as pop-ups or emails, activated by parameters of market values.
Position & Risk Management
Caspian includes PMS (Portfolio Management System) and RMS (Risk Management System) to keep track of each transaction made. In this way, it allows investors to see the historical data of the tradings in real time. Risk Management System (RMS) offers risk simulated scenarios and stress tests, allowing better user decisions.
Reconciliations
Caspian's record of each transaction made can make reconciliations possible. In the cryptocurrency investment market, undoing transactions is impossible, however, thanks to this registry, the parties involved in the negotiations can reach an agreement to create reconciliations, recognizing and correcting critical errors.
Rebalancing
This function will be added to the Caspian system. This function will allow issuing orders that continually return the funds and keep the portfolio in its original state.
Allocation Engine
This option allows transparently manage all aspects of distribution of funds obtained as a result of a trade. In this way, the investor is more concerned with achieving better execution of orders.
Compliance and Reporting
Compliance Engine
This engine is based on Tora technology and allows to define the level of compliance required by the investor, such as pre-trading limits, which can delay the execution, sending or modification of an order, among them are: warning limits, which can be suppressed by the user; approval limits, which, as the word implies, require user approval to be executed; and absolute limits, which can not be changed by the user.
Reporting Engine
Caspian offers a wide range of reports of the historical data of the transactions carried out, such as transaction reporting, specific reports, data position, audit reports. It also allows generating specific graphics of the registered information. With the ability to export them to PDF, Excel and Powerpoint format.
Benefits of Caspian
Performance. Caspian is designed to handle large volumes of orders, offering the lowest latency rate; 2,500 orders per second and 400,000 executions per day per user.
Scalability. Caspian’s infrastructure partitions the processes and transactions for each client into spaces. The services (OEMS, PMS, RMS and Reporting) are configured to handle each of those partitions.
Reliability.
The system offers fault tolerance and high availability; this allows it through waiting instances of ready systems to be launched and take control in case of problems. The services are built with redundancy and replication schemes.
The system also presents a load balance, allowing in this way to redirect requests to the gateway that is less busy or free.
Policies for more serious emergencies, such as: BCP (Business Continuity Plan) / DR (Disaster Recovery), in case of a major failure and the main site is disabled or unreachable. Caspian also has a backup cloud, where a mirror of the current state is constantly updated; which is ready to take control if necessary.
Security.
The connections with the platform are totally encrypted.
The client app can be configured only to be use through a list of specific IPs.
The system is restricted to a limited number of administrative and support staff.
The connections with the exchanges are always encrypted.
Support. Caspian makes use of the support team of Tora and Kenetic to assist in a matter of minutes any inconvenience presented by the platform or to help or support the clients. This is one of the biggest advantages of the system, the support to the users in the majority of cryptocurrency applications is very scarce.
Audit. All operations, transactions or actions carried out on the platform are registered. Caspian offers a detailed audit and can be consulted by any client; where each operation contains date data and indicates the user who performed the operation.
Token Ecosystem
The Caspian token (CSP) is the native token of the platform, complies with the ERC-20 standard and is issued in the Ethereum blockchain. The token is not required to access the platform, however, it will be used to carry out discounts and governance operations within the platform (defining reputations and contributing with the platform's management), as well, to reward and encourage third-party application developers to implement or improve the existing functions of the platform.
Conclusion
We have seen that Caspian is a tool that will help us improve investments in cryptocurrencies, both to regular users and to professional investors and institutions. It is clear that it is much more than an exchange.
It will allow us to see the fluctuating prices of cryptocurrencies in the most popular exchange, in real time. What gives us the opportunity to make investments safer and faster and less expensive (since we can also see the fees of each exchange)
It is not going to be necessary that we are hunting every exchange day and night, hoping that they increase or decrease the cryptocurrencies to invest in them. Because Caspian has programmable options that will allow us to automatically perform the exchanges depending on the ranges that we define.
In addition, Caspian has alerts (both screen and email) that we can define to avoid losing opportunities both to increase our profit and to avoid losses.
Caspian will allow us to have our entire cryptocurrency portfolio in one place, thus facilitating the rebalancing and allocating of our assets, by being able to see the behavior of the fluctuations of the cryptocurrencies in the different exchanges.
Caspian allows us having real time monitoring exchanges and wallets and it gives us access to the reports of all the operations that we have carried out, both in flat form and in graphics.
Annexes
My Video presentation
Roadmap
Source: White paper
Technical Summary
Source: White paper
Team
Source
Advisors
Source
Partners
More Information & Resources:
- Caspian Website
- Caspian WhitePaper
- Caspian Steemit
- Caspian YouTube
- Caspian Telegram
- Caspian Videos
- Caspian Blog
- Caspian Events
- Caspian News
- Caspian Linkedin
- Caspian Management
My Twitter Link
https://twitter.com/jadams2kx/status/1029410791374639108
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Excelente publicación como siempre, buena suerte :)
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oh wow. good article it is. very nice. thanks for share with us
oh
you are most welcome :)
Looking at the infrastructure of the caspian technologyand the team behind it, one can boldly say that they are equal to the task, nice entry you have here.
yours,
Piotr
Thanks Mr. @crypto.piotr
I think Caspian gonna be a good tool to manage our crypto and make good invest in crypto. It's hard to jump from one exchange to another to watch altcoins behaviors and keep tracks of our assets.