Xtrade
#XTRD, #cryptocurrency, #cryptotrading.
https://xtrd.io/
https://xtrd.io/xtrd_whitepaper.pdf
https://bitcointalk.org/index.php?action=profile;u=1320462
Most finance professionals and active traders
don’t use web based trading platforms to
consume market data and trade. Instead, they
use robust, secure, standalone, downloadable
applications that allow for fast order entry,
immediate execution, advanced charting,
and custom order types. Those applications
provide customer support including feature
development tailored to their customers’
demands. The most successful of these
applications become platforms that are used
to manage trading across multiple systems and
asset classes.
In the crypto space, such a platform does not
yet exist. Currently, there are only web based
systems on each exchange that are slow and
difficult to use. A few aggregation platforms
exist that do feature trading across exchanges,
but those aggregators, too, are web based and
lack the low latency, security, and functionality
that institutional and professional users would
demand.
XTRD will launch XTRD Pro in 2018 - a highly
robust, multi-exchange standalone trading
platform for active traders. The platform will
include, among other features, advanced
consolidated order books, hotkey order entry,
and custom order types, with 24x7 uptime.
STAGE 3 – SPA (SINGLE POINT OF ACCESS)
LIQUIDITY AGGREGATION/CROSS-EXCHANGE
EXECUTION
XTRD creates a single unified point of access to
aggregate liquidity across exchanges for traders.
This aggregation allows traders to clear at the
best possible prices while delivering the lowest
possible transaction costs as well as atomic
swap capability4 all with just one client-side
account.
XTRD SPA will be facilitated via Joint Venture
(JV) partnerships with existing exchanges
to minimize the regulatory hurdles as XTRD
will function purely as a technology provider.
Exchanges will fulfill the custodial function,
while XTRD will clear balances from its inventory
accounts at other exchanges to close the trades
made by clients within the JV exchange. XTRD
has already secured a partnership with a major
active exchange that facilitates trading in
primary currencies and will soon do the same for
alternative ERC20 tokens.
XTRD is focused on becoming the de-facto
trusted, US-based technology platform for large
financial players to easily execute on crypto.
XTRD will generate revenues via execution
fees, market data sales, VPS services, software
licensing, and other ancillary income streams.
Operational funds for creating the platform and
the balance sheet required to execute across
multiple exchanges will be raised via a token
generation event.
XTRD will utilize the funds generated form the token generation event to:
• Facilitate the creation of the FIX API and XTRD GUI platforms;
• Maintain a large balance sheet allowing for cross-exchange execution with XTRD SPA;
• Make markets in multiple crypto currencies to minimize spreads and increase liquidity for
market participants;
• Employ legal and compliance teams to ensure regulatory compliance and proactively engage
with regulators;
• Onboard sales and marketing teams to develop a client base; and
• Create a venture arm to seed emerging trading technologies in the crypto execution space
deemed complementary to XTRD’s mission