XTRD
#XTRD, #cryptocurrency, #cryptotrading.
https://xtrd.io/
https://xtrd.io/xtrd_whitepaper.pdf
https://bitcointalk.org/index.php?action=profile;u=1320462
EXECUTION FEES
XTRD will charge execution fees for transactions
effected via the XTRD platform. These fees will
generally be a percentage of the dollar volume of
the trade, in line with prevailing exchange charges.
XTRD tokens will be accepted as a means of
payment. As economies of scale increase under
the SPA model and more volume is done across all
exchanges, XTRD anticipates passing through the
savings of low execution fees to our clients.
Trade costs will vary depending on several factors,
including, but not limited to, trade volume, if the
order needs to be rerouted to another exchange
or can be filled inside the XTRD Dark Pool, and
complexity of the execution.Given XTRD’s balance sheet and a presence
at multiple cryptocurrency exchanges, XTRD
anticipates acting in a market-making capacity
across numerous crypto currency pairs in different
markets. Market making involves maintaining a
continuous bid and ask quote within a pre-defined
spread for a trading pair, and then buying and
selling simultaneously by taking the other side of
buy and sell orders that enter the system. Given
the 24x7 nature of cryptocurrency markets and
XTRD’s principals’ experience in algorithmic trading
strategies, we anticipate market making activity to
serve as a continuous and sizeable revenue stream.
By acting as a market maker, XTRD’s balance sheet
will serve to stabilize sharp fluctuations in price
caused by a lack of liquidity. If competition develops
for the inside quote among other prospective
market making entities, this will only serve to
increase the stability and execution quality in
cryptocurrency markets and therefore benefit the
community as a whole by catalyzing maturation of
and growing confidence in the crypto trading space.
XTRD VPS
VPS, or Virtual Private Server, is a service whereby
a client can upload their coded trading strategy to
our servers at a datacenter close to cryptocurrency
exchanges, and reduce their execution time by a
factor of over 100x compared to trading via public
internet lines. By leveraging current virtualization
technologies, many clients can utilize the same
physical server, while managing their strategies
securely and remotely.
This service is particularly attractive to hedge funds
and institutions who will code to XTRD’s universal
FIX spec, as it will eliminate the need, cost, and
time investment to establish a point of presence
directly at the datacenter. XTRD VPS is a one stop
solution – financial developers will be able to
write to our API and co-locate with us for industry
leading speed.
VPS services are typically charged on a recurring
monthly basis with longer-term agreements and
we expect exponential growth in managed services
MRR for VPS beginning in 2018.
XTRD anticipates production for VPS beginning in
January of 2018.