xtrade

Brief description of the project:
XTRADE is a cryptocurrency trading platform that solves the existing problems of more than 60 broken down and decentralized liquidity pools and provides safe, modern trading for participants of cryptographic markets around the world. XTRADE will function as a provider of execution technologies for trading.
Pros:
Has the necessary components. A full implementation involves the implementation of several stages. The first stage has already been implemented. FIX API Protocol the financial information eXchange (FIX) as a "universal" language for international financial operations, ensures interaction with brokers, exchanges, mutual funds, investment banks and market participants via a universal format. The second stage with implementation in 2018 is the launch of XTRADE PRO, a reliable, multi-reverse Autonomous trading platform for active traders. Will include applications that are used to manage trading across multiple trading systems and asset management. Included extended consolidated book orders, input of orders, hot keys and user-defined types of orders with round-the-clock uptime. The third stage will include the xtrade SPA liquidity and mediation program. Its mission is to facilitate partnerships with existing exchanges to minimize regulatory barriers. This will allow you to trade at the best price with the lowest possible transaction costs, as well as the ability to exchange cryptocurrencies with only one account. Conducting ICO will allow Xtrade to promote the development of FIX API platforms, maintain a large balance for cross-exchanges with Xtrade SPA, make markets in several cryptocurrencies to minimize spreads and increase liquidity, to ensure compliance with regulatory requirements and active interaction with regulatory authorities, as well as to create a venture unit for the development of new trading technologies in the crypto space. The team has extensive entrepreneurial experience, she has the development of sophisticated trading platforms from scratch, it specializiruetsya on analysis of market data, performance of procedures on the market visualization based on artificial intelligence, etc. Consultants and advisers from various trading.

Why XTRADE has advantage of this game?
Alexander Kravets started a successful proprietary day trader in 2001 after that they have a brokerage firm so essentially they did created a software. Software their traded on was actually started getting people to use. And he became a market data vendor colocation provider for high frequency trading.

They did a retail brokerage that had one point hundreds thousands of investors, basically the entire gamut of the equity execution systems and brokers sources are out there, are the one who participated in.
His partner Sergii Gulko owns a technology company called Axonsoftware they’ve built the stuff also for 12 years. So they’ve built matching engines, execution systems, market data systems. Very low latency and high frequency systems like in SME that do Nano seconds latency for executions which is very robust very high-end systems build for banks, hedge funds and high frequency trading players.

And his third partnered Jon Giacobbe has worked with JP Morgan and Goldman Sach in managing intuitional orders and Structured Products so he got a relationship in the space. Create an on rant for intuitional investors for high traders. To Bring liquidity to the space that really needs it.

Progress? Is this an idea or there’s an idea that’s already developed?
They’re creating a Four products. FIX API (Financial Information Exchange Application programming interface) fix is like the communication to multiple system in finance, to communicate the FIX protocol. Their taking that same protocol that everybody knows loves and uses and creating a layer with the crypto exchanges APIs.

So now, basically instead of having going to right through hundred APIs to trade with your algorithm program or just you want to integrate it. Just inform them once, and they’ll give you all the data and all the execution from there and this is already built. Is a matter of adding adding more exchanges, right now they’ve more exchanges added.

Xtrade (XTRD) Team

The Xtrade team comes from a traditional stock market background. They aim to leverage this knowledge of FIX, APIs and modern market operations to improve what is available to crypto traders. There are some question marks about the team and their experience (highlighted in a steemit article here). The team has addressed most of the concerns and below is a quick summary of the founders.

Alexander Kravets, Founder – Alex is the face of Xtrade and operates as the CEO. He is a savvy marketer and presents Xtrade’s story well but has only been in crypto since ‘late spring 2017’. While this lack of experience isn’t a deal breaker, their advisors appear to be majorly skewed towards marketing and finance. I can understand why the above-mentioned article was dubious of the project – it seems to be trading on the hype of “crypto” and “blockchain”. Alex has brought together a team of the finance ‘old guard’ to help point the way forward and will draw on his financial sector experience and connections.

Sergii Gulko, CTO– Sergii comes from a technical background and will be build the FIX project with his team at Axon Software. There is a lot of personnel crossover between Xtrade (Sergii is CEO) and Axon which focuses on Trading Apps. Axon has been around for 10 years and operates out of the same office as Xtrade (WeWork Office). I always think it is good to work with an established team who know each other for any large scale projects.

Jon Giacobbe, COO– Jon has a history in the financial sector (ended in 2012) and then has been associated with various small businesses. He is a ‘Crypto advisor and influencer’ but I can find no record of him on any other crypto projects.

The team and advisers have lots of experience in the finance sector and appear to have the technology to adapt their API from fintech to crypto (I understand there is a patent pending as well). The question will be if they can translate this experience and technology into the crypto-space effectively.

XTRADE Digital Holdings in located in the Caymans. Digital Assets INC. is a Delaware based consulting  company co-owned by the founders and is the US component.

Xtrade (XTRD) Roadmap

Xtrade plan to roll out their 3-stage strategy across 2018, aiming to have SPA up by Q4 of 2018. The token presale starts on 10 February, with the details to be confirmed shortly. It will be a busy year for the Xtrade team:

Q1 2018 – Token generation

Q1 2018 – FIX API

Q2 2018 – Xtrade Pro Alpha

Q3 2018 – Xtrade Pro Beta

Q4 2018 – Single Point of Access

Critical to the project is the integration or connection with other exchanges. They have announced a partnership with CME Group and CEX.IO but I would like to see more information behind the development of partnerships and timelines. The more exchanges they can integrate, the more valuable the project will become. Note that Xtrade can write exchange APIs and leverage customer’s own account to execute orders. They do not necessarily need the partnerships.

It would also be nice to see when the revenue generation channels will come online and when the project will become self-sustaining. The Xtrade team believe that by the second half of 2018 they will be self-sustaining which is excellent news.

For information in bellow :'

website : https://xtrd.io/
facebook : https://www.facebook.com/xtradeio
telegram : https://t.me/xtradecommunity
twitter : https://twitter.com/xtradeio

Author : Dwikie
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