CASPIAN: THE SINGLE INTERFACE PLATFORM WITH MULTIPLE EXCHANGES

damil (25)in #crypto • 6 years ago (edited)

INTRODUCTION

Cryptocurrency has been constantly evolving since the introduction of this system of digitalized currency, with advances being made to a lot of its aspect such as security, market regulation and others. It has witnessed an exponential growth in number of users, currencies and exchanges mostly due to its decentralized nature. But the problem with this is that the system is relatively new therefore there are insufficient resources and tools that enables the investors achieve its full potential which include professional-grade trade execution, compliance, position and risk management, and reporting functionality.

WHAT IS CASPIAN

Caspian is a cloud-based blockchain and cryptocurrency platform that integrates different exchanges to provide traders and investors a single user-friendly interface to solve problems. It achieves this by providing sophisticated connectivity and interoperability across various digital asset exchanges. It provides a unique interface across all major cryptocurrency exchanges and is fully equipped with a full-stack crypto trading and risk management platform. As a trader, manager or investor this enables you manage entire crypto space in a single place.

Caspian is a joint venture between two firms, Tora and Kenetic, each of which have successful track records in asset management and cryptocurrency investing.

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FEATURES OF CASPIAN

ORDER EXECUTION MANAGEMENT SYSTEM

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Caspian gives users access to a unified control center for fast trading. This enables portfolio managers and traders to trade across multiple exchanges and crypto pairs simultaneously.

The key features of OEM includes:

Access to selected major digital asset exchanges through a single interface. For each specific exchange, OEMS enables access to all order types, asset types, and ticket sizes supported by a given exchange.

APIs allowing traders to stage and send orders and slices; obtain order, execution, and position information; and receive pricing information, exposure breakdowns, and other transaction information. In the future, the API will be enhanced to allow access to margin information, additional Smart Order Router (SOR) control, and other metrics.

Ability to view prices, bid/ask, and depths for each exchange to the smallest available ticket size.

Ability to stage, send, and amend orders in multiple ways, including single-click orders sent directly from the price depth; user-defined order shortcuts; and order staging and slicing.

Choice of whether and how to use Caspian’s SOR.

Ability to stage order intentions as parent orders, slicing them as child orders that can be sent to different exchanges separately or via Caspian’s SOR. This can be used to optimize slippage and liquidity consumption at each exchange.

Messaging functionality for each order-related action, communicating any potential compliance breach.

Ability to view and manage margin across multiple exchanges.

Ability to view the progress of each order or order slice. Users can receive alerts about slippage or time-to-fill, allowing them to take action depending on market conditions.

Position information for each crypto pair or instrument, enabling traders to quickly react to market conditions using Caspian liquidation features.

Ability to utilize workflows across multiple distinct users and user roles. A single organization can assign different roles to its members, e.g., portfolio managers, traders, compliance officers.

Audit report generation for all activity in the OEMS.

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Check out this video of the Order Execution Management demo

This is an example of the Compliance window

PORTFOLIO MANAGEMENT SYSTEM

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This feature is most useful to institutional investors as portfolio management presents a huge problem. It enables them monitor their P&L's and exposure. The Portfolio Management System records and tracks the data feeds across exchanges which allows the investor to view past trades and deduce satisfactory levels and areas below par and also make changes or improvements where necessary. All this is done via a single customizable interface made available by Caspian. So investors are free from the cumbersome burden of having to manually gather records from all the various exchanges participated in.

The key features of the PMS includes:
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COMPLIANCE

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Trading is a very delicate situation that should be handled cautiously, this is why Caspian offers users a compliance feature, to ensure extremely low latency and extensive fuctionality. It also offers restrictions to certain operations based on the users defined limits.

These limits can delay order execution until compliance checks are complete. They can be triggered at various stages of a trade, including staging, sending, or amending an order. There are three levels to the limits: warning limits, which can be overridden by the user; approval limits, which require a supervisor to approve the order before it can be sent to market; and absolute limits, which cannot be overridden.

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The key features of Compliance includes:

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Check out this video of the Compliance demo

This is an example of the Compliance alert

RISK MANAGEMENT SYSTEM

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Caspian, courtesy of Tora, one of it's partners, will be integrating a risk assessment system to enable users run risk simulations to generate risk metrics and evaluate trading outcomes to ensure more faster and effective decision making. This is an important feature, as users can use this to fortify trading strategies or eliminate potential risks before trading so as to attain better results.

The key features of RMS includes:

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REPORTING

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Reporting presents a big issue for institutional investors. After trading, investors are expected to compile reports either for reference purposes and other purposes. Reporting is a very delicate process and should be done cautiously which means painstaking and time consuming. Caspian offers you an automated report system consisting of simple “flat file” reports such as trade files, snapshot reports, position data, audit reports, and compliance reports in multiple formats such as Excel, PDF or Powerpoint. In due time, Caspian will be introducing a system that integrates with Tora’s proprietary reporting engine to allow users to design report templates including graphs, editable tables, and filtering.

The key features of Reporting includes:
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ALGORITHM

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Caspian's algorithm system is built on Tora’s algorithm framework and Kenetic’s trading expertise to provide the user control over trading algorithms and a better overall execution across multiple venues. Users can define parameters to improve the behavior of an algorithm and also monitor it's performance.

The key features of Algorithm includes:

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TECHNICAL SUMMARY

CASPIAN'S POTENTIAL IMPACT TO THE CRYPTO WORLD

Caspian has ultimately made trading a ''walk in the park''. Traders now have an efficient and reliable means of doing their job and sparing a lot of time. The unique single platform offered by Caspian to enable users work across multiple exchanges is a ground breaking innovation that will remarkably change the operating environment in the crypto world. Only the amount of time saved due to using a single platform is such a huge relief to traders and investors alike. Users now have access to as much information on a single platform equipped with financial tools that will enable them make better decisions and improvement where lacking. Knowing that one can fully manage trading and cryptocurrencies so efficiently and easily is going to increase the number of participants in trading and cryptocurrency. There are people who have doubts about venturing into cryptocurrencies due to some inadequacies in the system that will allow them manage their investment. But with the tools being offered by Caspian, there is the potential for more people to join. Personally, If I had doubts, those doubts are long gone. Considering all that Caspian is here to offer. There's only room for assurance. Personally, I think Caspian has a lot more to offer, all in due time.

TOKEN

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The Caspian token (CSP) will be the token that is used on the Caspian platform. It is an ERC-20 compliant token to be issued on the Ethereum blockchain. Users can access the platform even without purchasing the token, but the token has added benefits such as enriching user experience, token "staking", guaranteed discount.

USE CASES

USE CASE 1 (Personal)

Chelsea is an expert trader in cryptocurrencies, she even manages her own account. She makes use of 11 exchange platforms to analyze exchange rates and make trades. She then left for a family emergency and was back within a few days. She didn't have enough time to properly understand all 11 exchange platforms and so made a trade that cost her a huge loss. She complained and lamented to her colleagues. Luckily for her, one of her colleagues introduced her to Caspian. Having tested and using Caspian, she can now see all her exchanges through one platform and even added more. And so far Caspian has been able to deliver accurate and reliable information which she uses in making successful trades.

SUMMARY

Currently, the way cryptocurrency trading and exchange is booming, one might wonder, "Are there enough resources and tools to manage such operations on all exchange platforms". Even expert traders think this way. But with Caspian making available all its resources to enable us battle the mind-boggling situations that trading and exchanging presents and on a single unified user interface which will obviously make easier, various activities and processes to be conducted. I say this will facilitate a mass adoption of cryptocurrency. What Caspian is offering, is a level of sophistication on a apprehensive scale. It's basically trading and exchanging for dummies. And this will only encourage mass adoption of cryptocurrency.