What is XTRADE.IO?

in #ico6 years ago

Is a way to bring wallstreet technology to cryptocurrency markets, right now the crypto markets is fragmented there’s over hundreds of them.

They’ve different access interfaces APIs from automated trading, if you want to trade across multiple markets you have to write teach individuals APIs hundred times over which kinda sucks.
On top of that, you have multiple interfaces there are web pages, so if you have 5 exchanges trading on so you have 5 web pages.

On top of that, liquidity are not that great. So if you’re trying to work on million dollar order.. Just leave a large order in general, you have to go through across multiple exchanges.

So their taking existing financial types solves these problems, and bringing to crypto markets to make trading easier and better for everybody in the space ranging from hedge funds, intuitions , banks, stocks in traders in general.

Sound like XTRADE is solving a big problem which is a serious barrier money flowing into crypto, why this problem has not been solve already?
A lot of exchanges are built by Blockchain, Which obviously it should be working because these are blockchain projects. But there’s no overlap from like traditional finance, technical of guys versus crypto exchanges. That technology has to basically come from guys know how to build it and sort of venn diagram between the blockchain guys and the finance guys. Somebody who kind a known both is very minimal so we kind a bringing that knowledge of how the crypto knowledge work and also how the traditional finance market work

Why XTRADE has advantage of this game?
Alexander Kravets started a successful proprietary day trader in 2001 after that they have a brokerage firm so essentially they did created a software. Software their traded on was actually started getting people to use. And he became a market data vendor colocation provider for high frequency trading.

They did a retail brokerage that had one point hundreds thousands of investors, basically the entire gamut of the equity execution systems and brokers sources are out there, are the one who participated in.
His partner Sergii Gulko owns a technology company called Axonsoftware they’ve built the stuff also for 12 years. So they’ve built matching engines, execution systems, market data systems. Very low latency and high frequency systems like in SME that do Nano seconds latency for executions which is very robust very high-end systems build for banks, hedge funds and high frequency trading players.

And his third partnered Jon Giacobbe has worked with JP Morgan and Goldman Sach in managing intuitional orders and Structured Products so he got a relationship in the space.

Create an on rant for intuitional investors for high traders. To Bring liquidity to the space that really needs it.

Progress? Is this an idea or there’s an idea that’s already developed?
They’re creating a Four products. FIX API (Financial Information Exchange Application programming interface) fix is like the communication to multiple system in finance, to communicate the FIX protocol. Their taking that same protocol that everybody knows loves and uses and creating a layer with the crypto exchanges APIs.

So now, basically instead of having going to right through hundred APIs to trade with your algorithm program or just you want to integrate it. Just inform them once, and they’ll give you all the data and all the execution from there and this is already built.

Is a matter of adding adding more exchanges, right now they’ve more exchanges added.

Visit https://xtrade.io for more informations

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