WasilahDN: qurrex

Qurrex, the first platform of hybrid cryptocurrency exchange. Qurrex aims to expand and improve markets, OTC table operations, listing exchanges and attracting crypto investors.

Qurrex has been designed to create a suitable gateway for professional traders in traditional financial markets for the crypto economy and to meet the exponential growth challenges of cryptocurrency trading. The new platform will integrate centralized exchange based on enterprise technology from traditional stock exchanges with a centralized network of thousands of liquidity nodes with partial exchange functions for miners, brokers, liquidity providers and other institutional players.

Andromeda Group is a private holding company focused on investing in sustainable high-growth blockchain assets. It has extensive experience and understanding of the traditional and growing cryptocurrency market. Areas of operation include venture capital, broker-crypto and other opportunities in the blockchain sector.

Andromeda Group has offices in New York, London, Zug and Moscow. His team has a proven track record in investment, operations and trading of blockchain and cryptocurrency assets in various sectors and countries.

The new generation platform of Qurrex integrates centralized industry-class infrastructure from traditional stock exchanges (CEX *) such as NASDAQ, NYSE and LSE with decentralized block-based (DEX *) networks. This platform will substantially improve market liquidity and set new standards for crypto exchange products. Its reliability, security, and speed are game changers for the crypto industry and professional traders.

KEY FUTURE

HIGH-END PERFORMANCE, SCALABLE AND RELIABLE CORE EXCHANGE MODULE

Throughput >=70,000 trx/sec.
Latency: <= 650μs at 99%
Capacity >= millions of connections
Zero loss of data

HYBRID INFRASTRUCTURE

{ Integration of CEX and DEX with the Single Order Book }

CEX with high-end performance for algo- and HFT-traders
DEX with high liquidity of Single Order Book

NEXT-GEN SECURITY LEVEL

Security System Infrastructure of Traditional Exchanges
Secure «cold» storage
«Hot» wallets’ insurance programs
Supervision by recognized IT Security Company

BROAD FUNCTIONALITY

Algo trading functionality embedded in GUI
Auto-copying of trading signals
Wide range of analytics tools & charts
Social Trading Segment
Information Services (Real-Time Market Data Sources and Analytics)
Non-Trading Segment (Corporate Services, Market Technology, Trade Management Services)

LIQUIDITY

We plan to provide Qurrex with high liquidity thanks to:

Cooperation with major liquidity providers
Qurrex’s sufficient liquidity fund
Best practice in launching new instruments

TRANSPARENCY

{ We will be the first at cryptomarket acting as traditional public company }

Maximum formalization of all processes (rulebook etc.)
Regular disclosure of financial statements and reports
Annual audit by Big 4

CUSTOMERS

HYBIRD ARCHITECTURE

SYNERGY OF:

Blockchain technology - ensures secure storage, eliminates intermediary and provides aggregated liquidity from all network nodes, including the centralized node

Centralized node - centralized exhange (CEX) with performance comparable to modern, cutting edge stock exchanges

THE FEATURED FUNCTIONS OF THE HYBRID EXCHANGE:

formation of an aggregated order book based on quotes collected from all the system’s nodes (both the centralized and decentralized nodes);
dissemination of the aggregated order book to the blockchain nodes;
choice of the blockchain nodes with the best instrument prices/quotes to place the order submitted by a client (if the order is not marketable, it is entered in the order book of the original system node);
sending the order to the selected system node (for marketable order); entry of information on the order into the blockchain (for queuing order);
receipt of execution confirmation.

BEST EXECUTION LOGIC:

Each node of the hybrid exchange provides the Best Execution service to the user. Broker companies operating in countries with a developed financial market are obliged to provide the Best Execution service. In Qurrex this service is implemented by a special module – Smart Order Router, which is part of all the blockchain nodes, incluing the centralized (CEX) node.

Qurrex DEX blockchain is built of two types of nodes: confirming nodes and user nodes. The DEX protocol allows confirming nodes to charge other nodes a commission for the deals and transactions. The commission is charged in the deals's (transaction's) cryptocurrency.

There is a special kind of trading orders: DEX Cross-Chain cross-platform atomic orders (transactions). Cross-platform orders are charged just once, when being placed on decentralized nodes. Such orders are included in blocks as DEX transactions, while the confirming nodes charge their commission.

Qurrex founds special cryptocurrencies (qBTC, qETH). A trader can exchange these cryptocurrencies through DEX and his trades are to be charged for the deals theirselves, not for separate blockchain transactions.

ROAD MAP