XTRD

XTRD

Trading
17,405 Views
XTRD is comprised of a team of veteran Wall Street trading specialists with a mission to unify the cryptocurrency exchanges. This mission has manifested in four products that are all interconnected. These products are a unified FIX API similar to ones already used for high volume trading, a Single Point of Access (SPA) for cryptocurrency exchanges to increase liquidity, a downloadable trading platform to called XTRD Pro, and a centralized Dark Pool for turning crypto into fiat. With a more secure and concrete infrastructure, entities such as banks, hedge funds, and large institutional traders can easily access cryptocurrency markets.
General
Website: Visit
White paper: Read
Bounty: Bounty
ICO Time: 20 Feb 2018 - 31 Mar 2018
Whitelist/KYC: Whitelist + KYC
Country: Cayman Islands
Token info
Ticker: XTRD
Platform: Ethereum
Token Type: ERC20
Total supply: 952,457,688 XTRD
Financial
Raised $ 26,000,000
ICO Price: ≈ 0.08 USD
Accepting: ETH
Screenshots taken on 12 Mar 2018
Q1 2018
Currently, most cryptocurrency exchanges • offer an http-based REST API/Web socket for execution and market data. Even though these<br /> <br /> APIs are mostly similar, they are still heavily ‐ fragmented, requiring many resources to unify<br /> <br /> into a single trading application. FIX is widely ‐ adopted and much faster. ‐<br /> <br /> Therefore, the first step for XTRD to develop • a unified FIX API for market data, order entry,<br /> <br /> and funds movement. When the FIX API is implemented, XTRD will not act as a custodian<br /> <br /> of funds or execute from an inventory account,<br /> <br /> but will instead facilitate trading for clients • who have existing accounts at the most liquid exchanges by utilizing the FIX API to seamlessly • place orders across the optimal mix of • exchanges on which they have accounts.<br /> <br /> XTRD Dark Pool<br /> <br /> subscribers utilizing the FIX protocol Provide single trading interface over the FIX API to all connected exchanges. Right now, we support the following orders types:<br /> <br /> - market and limit, stop and stop limit, trailing stop<br /> <br /> - contingent, multi contingent<br /> <br /> - OCO (one cancels the other) and OTO<br /> <br /> (one triggers the other)<br /> <br /> Perform SMART routing – the execution engine will automatically choose the best execution path based on previous trading history and current market conditions (liquidity, price, slippage)<br /> <br /> Spread one large order across multiple exchanges<br /> <br /> ‐Perform pre-trade risk management<br /> <br /> ‐Drop copy all executions to clients over a FIX API<br /> <br /> We already have a FIX product (built originally for FX and Equity markets) with the capability to:<br /> <br /> • Aggregate liquidity across different exchanges<br /> <br /> • Manage orders books consistently, in real-time<br /> <br /> • Build custom single order books based on<br /> <br /> an account’s unique needs (e.g. I want to see<br /> <br /> quotes from Exchange A and B but not from C)<br /> <br /> • Stream normalized market data to<br /> <br /> • ‐Handle up to 20,000 orders per second<br /> <br /> XTRD anticipates completion of a production multi-market FIX API for crypto execution, market data, and fund movement by Q4 of 2017.
Q2 to Q3 2018
XTRD is an advanced, multi exchange manual crypto trading platform built by traders, for traders.<br /> <br /> XTRD principals have a combined 30 years of experience developing and administering front end systems for active traders in FX and equity, as well as creating and maintaining the back- end systems required to support front end trading. This involves a combination of extensive knowledge in market data handlers and data feed parsing, low latency execution engines, ticker plants, on-site colocation infrastructure with exchanges, advanced order types, execution reporting, database administration, and other operational requirements as well as implementation of industry best practices.<br /> <br /> CURRENT DIFFICULTIES WITH CRYPTO EXCHANGE GUIS AND SYSTEMS<br /> <br /> Most cryptocurrency exchanges have an antiquated, bare bones system that is accessed through a webpage with limited functionality. It’s difficult to engage in high speed, multi- exchange execution given the necessity of clicking, scrolling, and typing in updated pricing as the order books continually change.<br /> <br /> For comparison, most manual high-speed trading systems utilize keyboard shortcuts and programmed functions, as well as initial pricing for order entry automatically pegged to bid/ask or +/- a certain liquidity threshold to cross the inside quote.<br /> <br /> The order book representation is also quite antiquated, with little to define individual market participants, incomplete representations of liquidity, and constant “bursts” of executions that come through in the aggregate because the exchange systems are too slow to pass through executions as they occur. This creates a “dam” effect where there is a burst of orders which lag by hundreds of milliseconds, and sometimes whole seconds – a length of time that would<br /> <br /> be considered unworkable in any other active trading space.<br /> <br /> Current crypto exchange systems are not robust enough to handle large traffic and varying order types. As an example, in late August 2017 a large crypto exchange had to disable all advanced order types for two months - including stop losses and trailing stops - to mitigate strain on their platform.
Q4 2018
SPA, or Single Point of Access, will allow XTRD to facilitate execution across multiple exchanges by opening just one account.<br /> <br /> SPA will be facilitated via a JV agreement with existing cryptocurrency exchanges. The first exchange to participate as a JV partner with XTRD is CEX.IO, with over $400 million USD daily volume, 1.2 million active traders and 7 million unique visitors per month.<br /> <br /> The JV agreement structure will allow XTRD to act as a technology provider/execution broker without having to assume the duties of fund custody and the requisite exchange regulatory and compliance overhead. The exchange will take custody of client funds and maintain KYC, while XTRD will act as the execution venue for the client’s orders.<br /> <br /> If an order needs to be filled outside the JV exchange, XTRD will execute that transaction using our inventory account at another exchange and move the position over to the JV exchange where the customer’s account is resident. The customer will be debited for the transaction at the JV exchange and settlement will occur there. XTRD will internalize client orders via the XTRD Dark Pool – if two orders match, we will not need to go out to other exchanges to fill them, but will instead match the market participants internally.<br /> <br /> XTRD will employ Continuous Net Settlement (CNS) to settle trades. CNS is similar to the National Securities Clearing Corporation (NSCC) settlement system in the sense that there is an automated book entry accounting system in place, except that XTRD will actually settle the trades much more quickly than T+2 or T+35 by continuously sweeping the positions between various exchanges.<br />
Alexander Kravets
Founder, CEO
Participates in a number of projects
Serg Gulko
Founder, CTO
Participates in a number of projects
Jon Giacobbe
Founder, COO
Participates in a number of projects
Oleksandr Lutskevych
Advisor (CEO, Co-Founder CEX.IO)
Participates in a number of projects
Mushegh Tovmasyan
Advisor (Founder, Divisa Capital)
Participates in a number of projects
Lex Sokolin
Advisor (Global Director, Fintech Strategy Autonomous Research)
Participates in a number of projects

Advisors (0)

ICO List
Other Interesting ICOs
Active
Snoopy AI Agent
About SnoopyBNB SnoopyBNB is a next-generation memecoin that merges the viral power of internet culture with real-world AI utility. At its core is the Snoop AI Agent, an intelligent ecosystem designed to provide automated tools, meme creation, and smart trading — all while rewarding holders with passive BNB income. Built on Binance Smart Chain, SnoopyBNB offers: ? AI Agent Pad – Launch your own meme coins like pump.fun ? AI Trading Bots – Trade smarter with customizable AI agents ? AI Chatbot Generator – Create branded chatbots for your project or community ? BNB Rewards – Earn BNB just by holding $SNOOPY ? Community-Powered – Inspired by the beloved Snoopy character, driven by a global meme army SnoopyBNB isn’t just hype — it’s a functional, reward-driven platform with the charm of memes and the strength of decentralized AI. Join the presale now and be part of the revolution. Let’s take memes, AI, and crypto to the moon – together. ?
Active
FundingMeme
FundingMeme ($FM) is the World’s First Decentralized MemeCoin Prop Firm on BSC.
Active
OYOFI Finance
The Platform is one stop solution for integrated Crypto DeFi Ecosystem Viz–A-Viz staking, Swapping, Tokenisation of Real World Assets and use of crypto assets in real world through OYOFI debit and credit card.
Active
Rivalz
Rivalz is redefining AI infrastructure by creating an AI Intel Layer to unlock new agentic economies. Built on a dual-chain DePIN architecture using Dymension and Arbitrum, Rivalz addresses one of the biggest bottlenecks in AI today: access to AI-ready, verifiable, and secure data. As we envision the web3 space to become agentic and overtake humans in the amount of transactions over time, what Rivalz is building is key for enabling this future. The core challenge that Rivalz is addressing is the need for AI-ready, verifiable and accessible data and later on intelligence. Rivalz offers a hybrid solution combining decentralized storage and high-speed agent-centric connectivity networks that cater specifically to AI's demands, ushering in the era of the agentic economy.
Upcoming
Fan360
The first sports community for fans, that covers the complete fan experience. Follow your favourite sports star, club or brand and get rewarded for engaging.
Upcoming
GoRecruit
GoRecruit is an AI recruitment system based on blockchain technology, which offers a new way of evaluating job applicants. The AI system, being a convenient online service, enables making HR decisions based on the analysis of data from social networks and publicly available sources. To select applicants for an interview, one does not need to spend several hours for processing and analyzing the data: one will acquire the detailed information with recommendations immediately after the authorization of a candidate in the GoRecruit system. This approach will make access to vacancies more open, eliminate human error in hiring, as well as reduce the cost of HR service by optimizing routine work.