XTRD.IO is Now a Member of FIX Trading Community

XTRD, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term startup that aims to apply Wall Street’s mature technologies to ‎Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, is now a member of the FIX Trading Community, a non-profit industry-wide initiative that boasts some of the world's biggest banks as its ‎members.‎

According to its website, XTRD is a technology company founded by veteran Wall ‎Street specialists which introduces a new infrastructure to institutional ‎investors to easily access cryptocurrency markets. To that end, the company plans ‎to bring the same technology used throughout mainstream financial markets to the new ‎world of cryptocurrencies to enable more efficient trading than currently ‎exists.‎

XTRD joins FIX Trading Community to act on inefficiencies of cryptocurrency ‎exchanges which have different listings, prices, and volumes that vary across ‎geographies and time.‎

By leveraging the unified FIX API, XTRD ‎is taking an industry standard technology used within the financial industry for ‎over 25 years and introducing it to the cryptocurrency market.‎

‎Along with a standalone trading platform and liquidity aggregation, the company ‎now provides precise and virtually instant pricing data while reducing the slippage ‎of trading cryptocurrency and digital assets. ‎

The adoption of FIX by trading venues has risen significantly over ‎recent years. FIX offers market participants reduced integration costs ‎and considerable efficiency gains by connecting firms to trading ‎partners in a standardized and cost-effective manner, minimizing the ‎financial implications of market entry and increasing choice as ‎switching costs are reduced.

Within the crypto trading world, the service is still an ‎emerging protocol. However, an increasing number of crypto venues have implemented it just to attract business from ‎established providers, who will already be very familiar with ‎FIX and will have execution systems already capable of supporting it.‎

Commenting on this, Alexander Kravets, co-founder of XTRD.io, said: ‎‎“For institutional money to pour into the cryptocurrency space, there needs to be an ‎infrastructure to rival that which they’ve been accustomed to on Wall Street. In ‎joining the FIX Trading Community, and helping to create FIX standards and ‎specifications, we’re making steps towards bridging the gap between traditional ‎finance and crypto and the result will be faster trades, more accurate pricing, and ‎greater profitability.”‎