XTRD Community Update — June 11th, 2018

The XTRD team recently traveled to Hong Kong for several high level meetings, one of the most impressive organizations we met with was CoinSuper, an institutional based exchange with fiat trading capability and a highly regarded team, the CEO was President of UBS Asia.

XTRD CEO Alex Kravets will be speaking at Alchemist Money Summit, held in Tel Aviv, Israel, June 17–18. Alchemist Money Summit Tel Aviv will bring together more than 60 speakers from North America, South America, Europe and Asia Pacific. This Summit is designed for those interested in the evolution of the Blockchain economy. Event co-hosts are Internet Pioneer, Jeff Pulver and Blockchain Pioneer and ICO creator, Steven Nerayoff.

XTRD Product and Partnership Update

The easiest way to describe this is “work as usual”.

Our team is working to deliver highly-demanded Binance connector followed by Bittrex and OKEx. We discovered that we can easily handle all instruments traded on Binance in terms of managing orders books in a real-time and keeping historical market data. This means that instead of the original idea of providing only ETH, BTC vs fiat pairs for trading, XTRD will give access to the vast majority of tokens.

We are continuing to explore different partnerships that might bring more value to crypto community. One of them is possible co-operation with Blockchain Terminal. It’s still a bit premature to articulate about it’s exact nature but both companies are seeing a lot of synergies and ways how we can work together.

XTRD is looking to extend existing FIX API by providing crypto-related real-time news sourced from one of the industry-leaders — NewsEdge.

FIX protocol has special message times designated exactly for news delivery so, with market data, execution, and news coming from a single provider — XTRD might become a one-stop shop for graphical-rich trading platforms.

XTRD Community Update — June 4th, 2018

We want to share with you the most recent updates on what XTRD has been up to!

This week was full of meetings and negotiations, we were exploring possibilities of different partnerships and options to buy-out licensed businesses. Last, but not least — it was a week filled with understanding that we are moving forward in the right way.

First of all, we are pleased to announce that we have added a new low-latency channel to our Hong Kong destination. Its only 173 ms from NY4 to HK1. Check on your side and tell us who is faster :). This will allow us to facilitate worldwide market data streams and faciliate lower latency worldwide execution.

Another reason we did this is a growing relationship with one of the major crypto exchange players in that region.

We were contacted by a global telecommunication company(!) that is looking to deliver normalized market data for crypto to their clients. We want to warn our community that it is not a one-day task to seal that kind of large deal, but we are working on it.

We had a meeting with Kx Systems — truly the number one provider of in-memory vertical databases (sorry, Oracle, this is really true). There are tons of possible interactions starting from simply feeding data into their engine and ending with an integration of XTRD backend with their state of the art trading platform with the capability to offer this to our clients.

Another great conversation we had is with Blockchain Terminal. Super smart guys, great technology, and solid vision. Like us, they want to focus on the part of the business that is more organic for them. For us it’s back-end, hardware, networks and for them — GUI, advanced analytics, interaction with clients. Time will tell what we can do together.

Our FIX API is a great fit for many hedge funds and index providers. Based on growing demand, we decided to extend the tradeable instruments lists by adding altcoins besides ETH and BTC.

XTRD is also exploring the possibility to become a solutions vendor for exchanges by providing managed colocation services, security, and building required software components such as FIX gateways. Stay tuned for updates.

Based on conversations with our clients and potential partners, we built the following road-map of additional routing destinations: OKEx, Bittrex, and Binance.

To increase awareness of our project and attract more clients, partners, and new community members, XTRD will participate in series of events such as Blockchain Futurist Conference (Toronto, Canada, August 14 -16, 2018), The Trading Show 2018 (New York, USA, September 26, 2018), and Blockchain Shift (Miami, USA, October 11–12, 2018). Feel free to stop by our exhibition booths and say “hello” or ask tough questions during roundtables.

XTRD Update: June 4, 2018

Summary

  • Live interview for Voice of America
  • XTRD Community Update
  • Lessons Learned from Titanium Blockchain
  • Upcoming events

Live interview for Voice of America

XTRD CTO Serg Gulko performed his fourth live interview for Voice of America talking about crypto Wild West: https://bit.ly/2xoyAxK.

XTRD Community Update

We want to share with you the most recent updates on what XTRD has been up to. Find more details in XTRD Community Update — June 4th, 2018.

Lessons Learned from Titanium Blockchain

We’re glad to share a great article written by Daniel G. Viola, Partner of Sadis & Goldberg, LLP — Lessons Learned from Titanium Blockchain — A Failed ICO. Daniel is the Head of the Digital Asset and Compliance Groups at his firm and is also the founder of the Crypto Asset Webinars and the Blockchain Shift Conferences.

Upcoming events

To increase awareness of our project and attract more clients, partners, and new community members, XTRD will participate in series of events such as

Feel free to stop by our exhibition booths and say “hello” or ask tough questions during roundtables.

XTRD Update: May 28, 2018

Summary

  • XTRD CTO Serg Gulko performed his third live interview for Voice of America
  • XTRD is a member of the FIX Trading Community
  • Review of XTRD on CYT-Crypto

Live interview for Voice of America

XTRD CTO Serg Gulko performed his third live interview for Voice of America, talking about talking about blockchains adoption by big players and The Trading Show in Chicago. Please find more details in Serg’s blog post: http://bit.ly/2IV7m6z.

XTRD is a member of the FIX Trading Community

XTRD is a member of the FIX Trading Community along with Goldman Sachs and others, setting standards in the FIX working group dedicated to cryptocurrency institutional FIX protocol trading standards. For more info please see article: XTRD.io joins the FIX Trading Community by Institutional Asset Manager.

Review of XTRD on CYT-Crypto

The CYT-Crypto Youtube channel conducted a review of XTRD: https://bit.ly/2xiGpVB.

XTRD Update: May 20, 2018

Dear community! This is the first XTRD weekly report. We plan to continue providing you with the latest updates on our project.

Summary

  • Product updates (May 13)
  • XTRD Team has visited Consensus 2018
  • Bounty #1 Summary

Product updates

On May 13 we have shared some news on what has been done on the technical side in the last several months. Please find more details in our Community Product Update. The XTRD team will continue to publish regular technical updates to keep our community apprised of progress in product and expansion.

Consensus 2018

XTRD team represented by Alex Kravets and Michele Guo has visited 4th annual blockchain technology summit Consensus 2018 held by CoinDesks on May 14–16, 2018 in New York. We will provide the community with the report on our visit in a few days. Stay tuned!

Bounty #1 Summary

We have released and distributed all the bounty tokens. Thank you to all participants in the XTRD bounty! We couldn’t have gotten the word out without your help, and it’s greatly appreciated. Find more details in XTRD Bounty #1 Summary. The first round is finished. We will publish the next bounty program shortly.

XTRD Community Product Update

We would like to share what was done on the technical side in the last several months.

Hardware and Point of Presence

As a relatively complex software/hardware project, we heavily invested our resources in building infrastructure — point of presence in NY4, network, and switches/servers. Right now XTRD is listed in the Equinix Marketplace so shortly clients will have an option to order our services within the NY4 datacenter, one of the biggest hubs in finance (more locations are coming in the nearest future).

Available cross-connectivity options will be 1/10 Gbps, for colocation we are happy to offer fully managed services for 1U, 2U, and 4U machines. We have ordered around $100,000 USD worth of equipment to be installed this month at NY4.

Software Components

Our engineering team also did not leave software components behind.

Our first product — FIX API is currently up and being heavily tested by several early adopters. Based on the standard FIX 4.4 specification, our gateway allows users to trade and receive market data from the following exchanges:

  • CEX.IO
  • Gemini
  • Bitfinex
  • HitBTC
  • BitStamp

FIX Messaging

In terms of messaging, we are providing the “must have” set:

Using these messages, clients can easily integrate their crypto portfolios into existing OMSs (Order Entry Systems).

Right now the FIX gateway supports two orders types

  • Limit(40=1)
  • Market(40=2)

A full spec will be New messages and more advanced orders types will be added next month.

Market Data

Market data will be streamed using the combination of:

messages.

We know that many exchanges simply don’t have delta updates so our system will manage all books internally. So instead of receiving full book snapshots (what is super inefficient but kind of standard for crypto) clients will receive only actual changes. We’ve been in this business for a decade and know how to build reliable and efficient market data management systems.

The XTRD team will continue to publish regular technical updates to keep our community apprised of progress in product and expansion.

XTRD attending Chicago Trading Show May 9–10

The Trading Show is taking place in Chicago on May 9th and 10th. It’s one of the only shows that combines the world of quantitative and automated trading with cryptocurrency, the title sponsor being Kraken. Key topics include blockchain, exchange tech, low latency HFT applications, institutional participation in crypto, OTC trading, and many others.

Most industry players will be present, ranging from Tudor Investments to Credit Suisse, Galaxy Capital to Citadel, etc. We look forward to connecting with the community and delivering on XTRD’s mission to bridge institutional technology with cryptocurrency trading. We will provide state-of-the-industry feedback post conference via a video update on the XTRD Youtube channel.

Let us know if you are attending, we would love to connect!

In addition, XTRD will exhibit and speak at the New York Trading Show in September 2018 as a show sponsor.