The XTRD team will take part in The Trading Show New York 2019

The XTRD team will take part in The Trading Show in New York on September 25, 2019 as an exhibitor and sponsor. XTRD CTO Serg Gulko is one of the speakers. 

The Trading Show New York is the only event that combines quant, automated trading, exchange technology, big data and derivatives. It provides unparalleled opportunities to network and ultimately do business with top trading firms, quant funds, international exchanges, end investors, banks, brokers, and technology providers. We are expecting 1200+ attendees, 200+ speakers, 75+ exhibitors and 60 sessions.

The XTRD team has been taking part in the Terrapinn Trading Show since 2018, which helps to develop relationships with notable industry players, increase brand exposure and generate targeted leads. We will also be attending the Trading Show in London in October 2019.

Let us know if you’ll be interested to catch up in person to discuss the XTRD project.

Market Data: August 28, 2019

Market data report provided by XTRD FIX API

Binance

New coins listed: TOMO, PERL

Available trading pairs: 

New trading pairs: 

BitMart

New coin listed: LHD

Available trading pair: 

Deleted trading pair: 

  • CERT/BTC

HitBTC

New coin listed: NJBC

Available trading pairs: 

Deleted trading pairs: 

  • COSM/ETH
  • JBC/ETH
  • JBC/BTC
  • COSM/BTC

Kraken

New coins listed: WAVES, BAT

Available trading pairs: 

Huobi

New coins listed: ARPA, WXT

Available trading pairs: 

Deleted trading pairs: 

  • CDC/BTC
  • CDC/ETH
  • VEN/BTC
  • VEN/ETH
  • VEN/USDT

Bitfinex

New trading pairs: 

Bittrex

New coins listed: AKRO, TSHP

Available trading pairs: 

Deleted trading pair: 

  • BAY/BTC

Gate.io

New coin listed: DILI

Available trading pair: 

OKEx

New coin listed: VSYS, PLG

Available trading pairs: 

How Institutional Traders Would Benefit from Global Crypto Exchanges

Unfortunately, although many cryptocurrency exchanges have designed extremely simple tools for onboarding retail customers, the services they provide for enterprise and institutional customers is often lacking. 

At XTRD, we design solutions for high volume cryptocurrency traders, helping those with advanced trading needs to access global crypto markets with improved security, reduced latency, and increased efficiency. 

Here, we will take a run-through of the major challenges facing advanced traders today, while looking at how some of XTRD’s upcoming products can help banks, hedge funds, and large institutional traders improve their access to crypto markets. 

More Opportunities

Since the cryptocurrency markets are notoriously volatile, and substantial price movements can occur within just seconds, it is important to employ a solution that can minimize latency in order to quickly execute orders at the desired price. 

By trading through an API, traders can minimize their security risks by limiting access permissions to exchanges, while also benefiting from improved order execution speeds—something much needed for high volume traders. 

However, with each exchange having a unique API, integration costs can become burdensome, which leads many institutional traders to integrate with only a select few cryptocurrency exchange platforms.

With the advent of FIX APIs, these issues have become a thing of the past, giving institutional and professional traders a standardized way to communicate with any compatible exchange. This also has the benefit of providing complete privacy to FIX API users as channels are typically private and secure, ensuring sensitive data is never exposed to commercial platforms. 

XTRD’s FIX API is one such product, providing one of the world’s first standard API which can be used for order execution at all crypto exchanges, giving major institutions, hedge funds, and algorithmic traders the opportunity to easily access liquidity across different exchanges. 

By using the FIX API, trading institutions of all sizes can improve the liquidity of any cryptocurrency holdings, allowing much larger orders to be executed without risking price slippage. As a result, integration costs will be significantly lower, since traders will only need to integrate the single FIX API with their existing systems to enable API trading on all supported exchange platforms. 

Reduced Risk

One of the major challenges faced by advanced traders is the inefficiency of the web interface provided by most exchange platforms. With clunky, slow, and often buggy tools slowing down the rate of order execution, and potential outages causing trading clients to miss potentially profitable opportunities, there is a great need for a robust standalone trading solution.

Thankfully, several companies have designed aggregator platforms to help institutional clients maximize their exposure to multiple exchanges without compromising on features. An example of this is the forthcoming XTRD PRO, a client-side interface that was designed to provide professional traders with robust access to crypto exchanges via XTRD’s FIX API serving as the back end.

By maintaining unfettered access to all major exchange platforms, traders will be able to capitalize on more opportunities than previously possible, all from a single streamlined user interface. 

Within XTRD PRO, users will be able to manage trades from all of their cryptocurrency exchange accounts from a single downloadable application. By massively improving efficiency and fill rates, XTRD PRO users benefit from faster trades and greater profits. 

A Final Word on Latency

Arguably, the major issue faced by high-frequency and algorithmic traders is the delay between order submission and order execution on the receiving platform—known as latency. If high enough, this latency can severely disrupt the profitability of a trade.

Not only does low latency lead to fewer failed trades, but it also ensures that traders benefit from the best rates, considering the volatility of crypto markets. Because of this, securing extremely low latency access to cryptocurrency exchanges should give high-speed traders a significant trading advantage, allowing them to execute trades based on momentary changes in market dynamics.

To address this concern, XTRD will soon begin offering colocation services, providing latency-dependent traders a VPS solution that cuts latency from an average of 150 milliseconds (1 second contains 1000 milliseconds), down to a potential 1.5 milliseconds. Combined with XTRD’s FIX API, this can yield a significant performance increase over handling cryptocurrency trading manually with connections over the internet, which are typically slow and not secure.

To keep up to date with our latest announcements, join our Telegram community and follow us on Twitter

Market Data: August 21, 2019

Crypto market data report provided by XTRD FIX API

Binance

New coin listed: COCOS

Available trading pairs: 

BitMart

New coins listed: AMON, ZNC, NYN. 

Available trading pairs: 

Coinbase Pro

New coin listed: ALGO

Available trading pair: 

Bequant

New coin listed: EOSDT

Available trading pairs: 

CEX.IO

New coins listed: ONT, ONG

Available trading pairs: 

Huobi

New coin listed: LOL

Available trading pairs: 

New trading pair: 

Bitfinex

New coins listed: FTT, DTX

Available trading pairs: 

Gate.io

New trading pairs: ONE

Available trading pair: 

New trading pairs: 

YoBit

New coins listed: OLDPND, BF, PANDA. 

Available trading pairs: 

Market Data: August 14, 2019

Market data report provided by XTRD FIX API

Binance

New coin listed: TUSDB

Available trading pairs: 

New trading pairs: 

BitMart

New coin listed: ITOC

Available trading pairs: 

New trading pairs: 

Huobi

New trading pairs: 

Gate.io

New trading pairs: 

OKEx

New coin listed: EC

Available trading pairs: 

Market Data: August 7, 2019

Market data report provided by XTRD FIX API

Coinbase

New coin listed: XTZ. 

XTZ

Developed by ex-Morgan Stanley analyst Arthur Breitman. Tezos (XTZ) is a multi-purpose platform that supports dApps and smart contracts. It aims to combine a self-correcting protocol and on-chain governance to manage network modifications. Tezos is powered by XTZ, which is created through ‘baking’. Bakers put up deposits and are rewarded for signing and publishing blocks. Witnesses then validate the blocks. Dishonest bakers lose their XTZ deposits. Tezos uses delegated proof-of-stake (DPoS) and supports Turing complete smart contracts. Tezos is implemented in the OCaml programming language, which is said to offer ‘functional, imperative, and object-oriented styles’. 

Available trading pairs

Huobi

New trading pair: 

Gate

New coin listed: FTM

FTM

FANTOM is a Directed Acyclic Graph (DAG) based Smart Contract platform that aims to solve the scalability issues of distributed ledger technologies. The project’s mission is to provide compatibility between all transaction bodies around the world, and create an ecosystem which allows real-time transactions and data sharing with low cost.

The platform aims to differentiate itself with its “Lachesis Protocol” , which will be integrated with Fantom OPERA Chain. The goal is to support the development of dApps that to enjoy instant transactions and near zero transaction costs for all users..

Available trading pair: 

XTRD Breaks Down What the CEX.IO Integration Partnership Means

The XTRD Team Presents a FAQ and Community AMA

Two weeks ago we announced that XTRD would be entering into an integration partnership with CEX.IO, the global cryptocurrency exchange. In this article we will break down the basics through a FAQ, as well as present our recent Telegram Community AMA where we dive into the details about how this will functionally work.

XTRD/CEX Integration Partnership FAQ

  1. How did you first connect with CEX.IO and what struck you about the company and the team behind it?

We first connected with CEX.IO at the inception of the Xtrade project in 2017, where we envisioned CEX.IO as our partner in bringing institutional connectivity and liquidity to trading. CEX.IO struck us as a regulated, worldwide entity that is very serious about their responsibilities to their customers, with a strong commitment to compliance and a worldwide vision with outstanding staff, over 250 strong.

2. How does this joint venture with CEX.IO fit into the overall strategy of XTRD? Was integrating with an exchange always in the plans for XTRD?

As originally described in the XTRD white paper, we envisioned a joint venture with an exchange acting in the custody/KYC/regulated role, with us as the technology provider. This has now come to pass with CEX.IO, our first choice for this role at inception.

3. What do you believe is the most exciting part about this joint venture?

For XTRD, working with CEX.IO is a great opportunity to leverage the worldwide regulation, fiat on-ramps, products, custody, and exchange relationships of CEX.IO for joint product development. There are lots of possibilities for additional synergies in the future.

4. What types of licenses, partnerships, technology, etc does CEX.IO bring to the table and what does that mean for XTRD?

CEX.IO is registered in Gibraltar with a DLT license, as an MSB with FinCEN, and has obtained 15 Money Transmission Licenses in the US so far. As CEX.IO is able to do business in more regions, this expands the possibilities for joint XTRD/CEX.IO products.

5. What does this mean for the XTRD SPA product?

This means that the integration partnership with CEX.IO will allow SPA to be used by more customers around the world, with better fiat onramps — CEX.IO has GBP, USD, EUR, and RUB, in more regulated jurisdictions.

6. What part of XTRD will be kept separate from CEX.IO?

XTRD and CEX.IO are completely separate companies that are collaborating on products via an integration partnership, now and in the future.

7. How exactly will this partnership affect your day-to-day operations at XTRD?

At XTRD, we continue our day-to-day development work, business development efforts, and internal processes as is.

8. What does this mean for the XTRD community?

This partnership brings to fruition the joint venture for SPA with CEX.IO that XTRD contemplated in the white paper. We are continuing to develop technology which will benefit the crypto space in general, and increase the potential use cases for the XTRD community to leverage in their trading.

9. What are the goals for onboarding institutional clients?

When SPA is in production, it should help in business development and institutional client acquisition, along with the FIX API, and a few other products we have in the pipeline currently. Our goal is to develop an ecosystem around the XTRD technology, and leverage our partnerships and relationships to better serve the institutional community for trading and market data needs as the digital asset space grows.

10. Where do you hope this partnership brings XTRD by the beginning of 2020?

We hope to finish the SPA integration, and begin development of further joint products with CEX.IO.IO as the macro situation in the digital asset space develops further.

Telegram AMA from XTRD Community Chat

@max_lupey: Hello, what are the fees for using xtrd fix api?

There is a separate fixed monthly fee per exchange (Gemini, Bitfinex, OKEx, etc.) for market data, colocation, and cross connection, along with variable fees per message depending on the quantity of order tickets sent per month per client.

Yamen A.: If I’m understanding correctly, xtrd will also be listed on Cex? When is this happening?

We do not comment on listings, but there is a liquidity pool planned at CEX.IO to facilitate XTRD token purchases by XTRD product users.

@Barfood: what’s happening with CoinMarketCap? When will that accurately reflect token supply and price?

Thanks for pointing this out. We are reaching out to Coinmarketcap to confirm these numbers are accurate.

@MikeMPC: How is the liquidity pool going to work, will it be a listing on CEX.IO where clients will buy tokens from CEX.IO as they would any other token?

That is the plan at the moment, but it has yet to be finalized.

@MikeMPC: Will there be a method for clients to pay in fiat that simply market buys XTRD from the liquidity pool, similar to how Origin Trail does this on Bittrex?

Current functionality does not encompass this, but it is being contemplated at this time.

@MikeMPC: How will they redeem their tokens if there isn’t a system as outlined in #2?

XTRD tokens are redeemed for XTRD services, not the other way around.

@MikeMPC: Will there be some sort of transparency provided for the token flow be it from #2 or #3? See how Bitfinex (LEO) or Bgogo (BGG) are handling transparency with their token burns; they actually post the transactions where this happens. I know you guys aren’t burning and that there is concern WRT client confidentiality, but seriously, clients can buy tokens with a fresh wallet or an exchange account and we wouldn’t be able to tell who it is, and usage would be more transparent. I think the confidentiality aspect is an abstractable-away non-point and needs to be dealt with.

We are not burning tokens, and given confidentiality we cannot publish a client’s token usage statistics. The XTRD token is a utility for payment of XTRD services.

@MikeMPC: Will you be implementing the staking functionality (maybe you call it something else) where holding a certain quantity of tokens — or lets call it something better, purchasing a Silver, Gold or Platinum teir membership — will get discounts on services and with the spirit of #4, will we be able to see that system in action? I mean, this is ETH, we should be able to see it in action, that’s not really a question, is it?

Currently there is a 40% discount for staking 50,000 tokens for services. Again, we cannot publish a client’s token usage statistics.

@albertcamus7111913: why won’t XTRD be burning tokens?

The XTRD token is not meant for speculation and we do not envision engaging in that type of activity.

@phillywebguy: Will xtrd tokens be used to pay discounted trading fees, the way BNB is used on Binance?

Correct, the XTRD token is a utility token for payment of XTRD services. With regards to CEX services, that has not been determined at this time but we are mutually considering this possibility.

Blake A: I’m not sure if this has been answered yet. The article states that CEX.IO will host a liquidity pool for XTRD. How will the price be derived for the pool? Will it be set higher than market or will institutions be able to buy it at market price without affecting the price?

We cannot comment on the price of the XTRD token, it is not designed for speculation. Service costs are marked to market.

@RoReilly12: when is this cex partnership going live?

The partnership has been announced and is currently in the integration/technical development stages.

@Yogibear123: WHY — is this deal in the best interest of XTRD token holders & XTRD product users for CEX.IO and non-CEX.IO users

This integration partnership expands SPA for XTRD product users, as well as for CEX.IO users to leverage the SPA product.

@Yogibear123: WHEN — will Alex and Serg be in post and XTRD services be integrated/live for CEX.IO institutional customers

Per current development schedules, we anticipate the SPA product to be live by the end of 2019.

@Yogibear123: WHAT — can XTRD token holders expect in terms of both CEX.IO and standalone product development

Currently SPA is the main product we are focusing on under a joint XTRD/CEX effort, but we are looking forward to developing more products in the joint CEX.IO/XTRD ecosystem as the market matures. We cannot comment with regards to individual CEX.IO product roadmaps, however the XTRD product roadmap is available on https://xtrd.io.

@Yogibear123: HOW — will the partnership provide liquidity to the token and token access to non-institutional CEX.IO customers

The XTRD utility token will be accepted as a means for payment of services of joint institutional XTRD/CEX.IO products. There are currently plans to facilitate the purchase of the XTRD tokens for joint XTRD/CEX.IO services at CEX.IO.

@Yogibear123: WHO — will be responsible for building a pipeline of non-CEX.IO customers for XTRD given your new roles

We maintain dual roles, with a dedicated development staff that continues to be fully XTRD-focused.

@Yogibear123: Looking forward to the medium post. Given your new roles I have questions about business and technical development outside CEX.IO, token liquidity beyond CEX.IO institutional investors and effect of the CEX.IO partnership on product development for non-CEX.IO customers. The CEX.IO deal is great btw, congrats on the deal, so not trying to FUD, just curious about how it will all work.

We are continuing our regular business and product development activities as XTRD. This integration partnership is a way to bring SPA forward with CEX.IO, a regulated, trusted partner, while keeping an eye towards other products to come. Thank you for the congratulations, we are excited as well!

Market Data: August 1, 2019

Market data report provided by XTRD FIX API

Binance

New coin listed: ONT 

Available trading pairs

HitBTC

New coin listed: USDT20

Available trading pair

Bequant

Available trading pairs

Huobi 

Available trading pairs

Gate.io

Available trading pairs