Caspian: A Single Trading Interface Developed For Crypto Traders

In 2009, an event has happened that changed the lives of many people. Bitcoin was introduced. Many traders, miners, collectors and investors got hooked into it. Some minds even made their own versions of the digital coin until such time, different virtual money has begun to exist. Later on, this digital money was called cryptocurrency. Several exchanges started popping up on the web accepting cryptos of any kind.

Today, because of the overwhelming popularity of cryptocurrencies, the number of people who are engaged into it has increased drastically affecting exchanges in terms of their maintenance, monitoring, reporting, stability, productivity and credibility.

Caspian saw other 3 major challenges that creates deviation to the standard which are as follows:

• Unreliable Trade Execution
• Lack of Security
• Lack of Reporting and Compliance

In line with the major challenges above, Caspian has developed a solution (An Institutional Grade Crypto Trading Platform) on how to make trading be more precise and how traders are more focused on their cryptocurrencies portfolio.

WHAT IS Caspian?

Caspian is a designed user-friendly platform with combined financial tools that derived from major exchanges. Caspian achieves this connectivity and alignment with other exchanges which makes its data more accurate. It has the capability to connect to all crypto exchanges. It aims to support acquiring of digital asset instrument in a reliable manner. Caspian is not intended to compete with exchanges and not designed to make confusion to digital asset space. Professional grade execution, position management and reporting capabilities are one of its features. Caspian gives everything that you need in managing your portfolio.

Caspian is powered by two professional organizations Tora and Kenetic of which both has vast experience in handling and monitoring cryptocurrencies. The company that has the connection to over 150 equities & exchanges and has numerous clients worldwide including Asia, North America, Australia and Europe.

HOW Caspian WORK AND WHAT ARE THE BENEFITS?

By monitoring all exchanges into a single platform, traders will have an ease of making a quick decision of what should be their next action. That is what Caspian do, unifying exchanges and putting them all into one trading interface.

3 Benefits of Caspian

1.) Execution

     ^1. Major crypto exchanges can be accessed in one platform.
     ^2. Giving priveleged to traders to make actions such as:
          ^a. Obtain order
          ^b. Send order and slices
          ^c. Execution
          ^d. Position information
          ^e. Receive pricing information
          ^f. Exposure breakdowns
          ^g. Transaction information
         More actions will be added in the near future.
     ^3. Capability of viewing bid, prices and depths in exchanges.
     ^4. Has options of staging, ammending, sending orders in other different ways.
     ^5. Option for messaging functionality.
     ^6. Progress of order and order slices are viewable.
     ^7. Caspian liquidation feature is enabled for traders to quickly react to the market status.
     ^8. Workflows can be used for distinct users and user roles.
     ^9. Report for auditing can be provided for all OEMS activities.

• Smart Order Router (SOR) - All exchanges will be viewable on a single platform.

• Algorithms - By combining Tora's Algorithm frameworks and knowledge of kenetic when it comes to trading, Caspian has been developed.

• User-built strategies: - Using a simple ruled-based language, a user will be given an ability to define their own ways and tactics in managing orders.

• Alerts - A notification may pop-up on the screen or a message will be sent via email for any discrepancy aligning to the set actions or orders.

2.) Position & Risk Management

• PMS and RMS: - Users are allowed to view all of its position and past data. Monitoring of P&Ls, and exposures will be enabled for users.

• Reconciliations - Because of Caspian's easy to use recordkeeping functions it will be easy for users to make a reconciliation. As practice in finance, all parties and departments aligned to record keeping should agree that every single detail of each data transaction is cleared.

• Allocation engine - Allows traders to focus on acquiring the execution for the order. It lets a single trading order and a single exchange account. It has a wide range of use cases:
       ^1. Static order allocation
       ^2. Dynamic position-based allocation
       ^3. To make sure that there is an eligible price for allocating accross business units.

3.) Compliance and Reporting

• Compliance Engine - Offers low latency and extensive functionality and based on Tora's proprietary technology. It also has a framework that lets Caspian to set new standards and compliance rules.

• Reporting Engine: - Caspian has an option for reporting which will let users consolidate their data from day 1.

• Importation of Data - Through protocols and APIs, the data provided by each exchange will be imported by Caspian, users will be focused on the information in one single portal.

• Online Dashboards: - A customizable web dashboard will be available which will let users to:
       ^1. View web-based visualizations.
       ^2. An option of adding formula column including changing of chart type.
       ^3. Save the ammended report and can be sent as a file.

TECHNICAL SUMMARY

^{The proposed functionality is currently under development}

• Architecture - Caspian has a huge coverage of services that are created to function around microservice architecture that thin UIs and APIs can access. This flexible cloud-based platform has a vast array of solutions for the client's convenience. These solutions are dependent on both the client's private database history and the database that are widely used by a considerable amount of significant and established clients.
        Caspian's own API, communication channel, and built-in protocol administers each element of the program. The services provided operate either through a single simple process or through a cooperative work of a number of related services bound to each other.

• Performance - Caspian's system is flexible that it can handle a surmountable amount of executions of up to 400,000 per day and able to accommodate 50,000 orders in a day.

• Scalability - Caspian distributions and interaction channels into spaces for its consumer. According to reliable criteria, these repositories can be narrow down into more refined categories based on the demand of the clients.

• Reliability - In the past ten years of operation, it is reliability that has been the key strategic priority of Tora system which leads to 99.9% uptime.

      Because of a few complementary actions, it achieved:

          ^1. Fault tolerance and high availability
          ^2. Loading balance
          ^3. Business Continuity Plan/Disaster Recovery (BCP/DR)
          ^4. Tools and processes

• Security - Privacy is very important. To ensure that all data that flows in Caspian's environment are secured, an allotted encryption key over the internet is created between a client application and the cloud. A concrete whitelisted IP's are assigned to client's app for limited access. In order to login into an account, a secure complex password and 2-factor authentication are required. Only a limited number of administrative and supports are given access to back end.

• Support - Based on an initial Service Level Agreement, Caspian will increase the resources of Tora and Kenetic in offering professional, multilingual product support. In dealing with concerns and issues, it will be sorted according to its service impact level and level of alertness. The top priority will be dealt with abrupt actions, the ones that are affecting the functionality and performance of the trading activity. Tora has gained credibility from its past and current clients with regard to practiced finance world by providing solutions and solving complex issues within minutes in most events.

• Ongoing development and adaptability - Caspian has the ability to adopt a fast-paced environment. It is flexible that it can provide products and software as means of solutions to the ever-changing environment in the crypto world. It keeps on training and improving the skills of 150 people around the team.

• Audit - Auditing is vital and it is a must. Caspian provide a feature for auditing wherein detailed information can be backtracked like the specific date and time, people involve and even the reason, letting clients trace the origin of the change.

• Modularity and Third-Party Integration - Aside from being a one-stop single platform for crypto exchanges, digital asset exchanges, risk management systems, and proprietary portfolio management systems can easily be attached to any third-party solutions. Caspian is offering and allowing clients to choose to a variety of integration which suits its system the best.

Caspian PRODUCTS AND SERVICES.

One of the functions of OEMS is to be connected to all exchanges. It will let the platform to be a unified trading interface so that traders will be able to monitor the movement of the market that is based on all major exchanges current data. Click the image to know more about OEMS.

It allows a user to fully customize portfolio with drag and drop portfolio view. Traders will be able to monitor the status of exchanges and wallets real-time. Click the image to know more about PMS.

One of the Compliance features is to fully audit a record at any given time. Authorized person will be able to set a new compliance checking. No upgrades needed in the case of delivering new rules. Click the image to know more about Compliance.

Ensuring a reliable transaction by doing an accurate reconciliation. Helps in making a quick and effective action by running a simultaneous-based action. Click the image to know more about RMS.

Helps in providing effective and precise reporting using other data source beside Caspian. Available tools for reporting. It is what you need when you need it. Click the image to know more about Reporting.

One of its functions is to hide vast orders and break them into small slices. It has a complete suite of trading Algos. Click the image to know more about Algorithms.

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Use-Case:

Paul is a Cryptocurrency enthusiast. He started collecting and trading digital assets for about 4 years now. Since cryptocurrency has become more popular worldwide, Paul is now having difficulty on monitoring his crypto funds on several exchanges due to some lagging experience and complexity of tools that have been provided.

A friend from a crypto community advised Paul to start using Caspian, Paul's friend told him that he will be able to monitor the movements of the market from all major exchanges only by using a single trading interface. His friend added that he can even execute a good report if he needs it. Another thing he said is that a user can make a reconciliation of its current and previous data.

Now, Paul is just focusing on how to make his funds grow.

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Conclusion

^{By having an all-in-one platform, it will be much easier for a trader to see whats going on around different exchanges. Predicting what will be the next market rate will be more effective as the data that is being provided are accurate and reliable. A trader can focus more on other things that matter.}

TOKEN ECOSYSTEM

CSP - Based on Ethereum (ERC20). It is a utility token that acts as a bridge between producers and consumers.

Symbol: CSP
Protocol: ERC20

Basically, CSP or Caspian token is not an access token to login into an account. It serves as a way of improving of one's experience.

• User-to-Platform Utility - It will allow users to gain discounts and may offset platform fees.

• User-to-User Utility - Developers who offer their app for free will be rewarded by CSP. This program will allow development of new features on the Caspian interface.

• Token provides utility but is not necessary - It will help the Caspian community and at the same time enhance the user experience.

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BUSINESS PLAN AND GROWTH STRATEGY

The Roadmap

An illustration showing the expected improvement for the next 12-months and it is subjected to change depending on the status of the market.

Caspian is already operating and is engaged to 12 exchanges, its plan is to get some connection with 40 exchanges by Q3 2018. It is planning to grow the system and make new functions and features for the next 12 months.

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Here is a video that I created for Caspian

For more information watch this short feature intro: