Introduction:
The technological advance in encryption and exchange of cryptocurrencies has been vertiginous and, in some cases, it has not been the moment for the user to assume these changes. Therefore, Caspian is considered an excellent option for these users who search in a web all the financial tools.
What is Caspian?
Caspian is a technological platform in which a complete series of financial tools is integrated, on its website the main exchanges are observed and it offers users a site in which to interact with the entire cryptographic ecosystem.
Caspian has three main functions:
• Execution
• Position and risk management
• Compliance and reports
how will Caspian impact the way people interact with their cryptocurrencies?
While it is known that many people currently invest in cryptocurrencies and store their savings in digital wallets, it is also known that many times it becomes tedious and difficult to mobilize or exchange these cryptocurrencies, which is why a platform like Caspian offers such ease of exchange and crypt monitoring changes the way you see digital commerce, thanks to its interface people can make exchanges or businesses in an easy way and this will undoubtedly make many people join the number of Caspian customers.
How can accessing all your portfolios in one place make it more convenient to manage assets?
This allows users to quickly and easily monitor all their assets, this is convenient since it facilitates any inspection or verification at the time of a problem or misunderstood, in this way the user can enter quickly and with a few clicks observe all its movements of crypts, without a doubt is one more way to streamline processes.
What is the benefit of being able to set limits and alerts?
Within the world of cryptocurrencies can be carried out different scams, so it is important that they have rules, in the case of the Caspian platform has limits that must be met to perform some transactions, which benefits all since this ensures that all transactions made are legal by complying with these rules, on the other hand, there are also alerts when incurring in any exchange that may seem fraudulent or that does not comply with the rules, this helps us to be more alerts to commercial businesses that can be made
- Order and Execution Management system (OEMS)
Through this step the user will be able to connect to all the major encryption exchanges, allowing easier management of our cryptographic assets.
Among its main features it has:
• Unified negotiating interface in exchanges
• Customizable market data
• Quick execution of the order and modification
• Use workflows in multiple different users and user roles
• Generation of audit reports for all activity in OEMS
- Portfolio Management System (PMS)
If I tell you that all your data can be displayed in one location, what would you think?
For Caspian your portfolio is the result of thousands of hours of research, analysis and hard work, and therefore they track everything, but all your cryptographic activity. This is part of a hands-free system that manages software, hardware, data, and integrations.
They are your data in one place. You can configure it and customize it as you wish in just seconds.
Among its main features it has:
• P & G in real time and historical in any time interval
• Real-time monitoring of positions in exchanges and portfolios
• Fully integrated with OEMS, PMS, Risk and Reports
• Scale without problems as your fund grow
- Compliance
If complying with the negotiation becomes a problem, our server verifies tens of thousands of simultaneous orders against dozens of complex portfolio-based compliance rules with 0.0005 seconds of latency or less.
Among its main features it has:
• Authorized users can configure new compliance controls
• Complete audit trail for each order, available at any time
• Automation for restricted trading lists
• Flexible workflows with optional approval protocols
- Risk Management
In this step, Caspian helps you manage risks in real time. That is, you can assess and contrast prices and precise valuations, in a single complete image.
The server allows you to execute simulation-based scenarios that generate risk metrics in seconds, allowing you to make faster and more effective decisions.
Among its main features it has:
• Historical and real-time risk monitoring
• Real-time assessments
• Accurate reconciliations that ensure that transactions have been executed correctly
- Reporting
Caspian allows you to use, create, format and receive graphical reports about your current business and position in multiple formats, such as PDF or Excel, providing an easy snapshot of the current state of the fund through various indicators.
Among its main features it has:
• Report on Orders, Executions, Positions, P & L, Exhibition
• Interactive web-based panels
• Web-based report design tool for user-defined reports
• Ad hoc report design service provided by Caspian
- Algorithms
Finally and very important at this stage of the game, Caspian allows you to perform automated strategies designed for superior performance, that is, it provides you with the best overall execution price and the least impact on the market against manual negotiation orders, while at the same time hide large orders by dividing them into small portions and disseminating them through multiple exchanges.
Among its main features it has:
• Complete set of institutional-grade trade agreements, including VWAP, TWAP, implementation deficit and online volume
• Pairs that can exchange pairs through multiple exchanges and cryptographic currency pairs with each tranche potentially negotiated in different places in different currencies.
• The Intelligent Smart Order Router technology takes into account the commission and exchange of fiat and crypto scales.
• Algos integration with distributed exchanges and OTC desks, driving liquidity to DEX
• Comprehensive post-negotiation TCA reporting functions to analyze the performance of something / exchange execution quality
Current issues affecting traders in the crypto industry
Even though the market capitalization of most major projects is will into the billions, there could be cases of some exchanges not having enough funds to execute certain orders of a considerably big size due to potential liquidity issues, in these cases it could result in trades being executed at prices that weren’t the expected ones by one or both parties (buyer and/or seller).
Besides, given the way this industry works, there are individuals who got involved in the early stages of successful projects, allowing them to have holdings big enough to cause strong price swings simply because a single individual is moving his holdings around, this could also allow for pump and dump groups to proliferate, which is something that doesn’t bring any value to the industry and is certainly a problematic dynamic that should not be happening.
Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements | Source
Since there is no interoperability between exchanges, individuals who should take precaution measures given their amount of capital invested and their trading activities happening in several exchanges, have unfortunately no way to automatically monitor their holdings, unless manually checking each and every single one of the different exchanges, and clearly this it not something very efficient.
Regulatory procedures is another aspect that doesn’t have a standard way to be approached in the crypto industry, which forces individuals and institutions to figure out on their own how to best keep track and record every single transaction they made as well as every revenue for legal purposes, this becomes harder and harder as more exchanges are added to the trading activities.
Taking into account everything mentioned so far, it is clear there is a current need to have a platform that could help people who are participating in trading activities using different exchanges to unify their workflow into a single place.
In conclusion
Caspian allows you to take control of all your cryptographic activity; you can see its graphical evolution, both every hour, as in the day, the last days, the month or the year. In addition, you can see if your portfolio of that currency has won or lost (again in each temporary phase) and how much. You can even create alerts to warn you when a value goes up or down above a certain amount so you can buy or sell.
Another advantage is that you can quickly check the evolution of the same and establish appropriate strategies to obtain a better performance.
Use case
Case #1: Individual investor
Charles is a guy working in Forex, he is an expert analyzing trends, and identifying which stock have a good possibility of giving a good ROI. He is of course interested in the crypto industry and decides to open a few accounts in some exchanges.
After a few weeks trying to get a handle and get use to how this new industry operates, he is starting to get frustrated due to several complications in the exchanges he is using, like for example, there are not enough liquidity which causes for the final price to be different than the one he was expecting. This happens because instead of placing several small orders on different exchanges, he is trying to optimize his time and only place one big order on one single exchange, causing the price to move more than he would want.
Luckily for him, he discovers Caspian and since he is now able to access several exchanges through one platform (which saves a lot of time), he can now see information and indicators from several places, and easily place small orders simultaneously on different exchanges to avoid causing any slippage.
Case #2: Institutions
There is a particular institution whose activities are mainly trading bonds and stocks, they are aware of the potential in the crypto industry but there is a lack of tools that could provide the features they need, mainly an automatic process that deals with audits and reports for legal reasons.
However, one director discovers Caspian and after trying it out and testing it really works as it should, the company decides to get involved in the crypto industry through the use of Caspian platform to manage their investments. This way, the company ends up increasing its revenues, and there are more resources fueling innovation in crypto projects.
The token
The token using by the platform is called “Caspian Token (CSP)”, and although it wouldn’t be necessary to have access to the platform, it could provide certain benefits to the users who decide to acquire them. For example, fees could be covered by potentials earnings and discounts resulting from holding the token.
Since technology advances very fast, especially in the crypto sphere, there will be the option for any developer to create applications compatible with Caspian, and this type of activity will be rewarded by using the token. This will not only ensure Caspian remains a state of the art platform, but will also create a productive dynamic where third party developments are encouraged on a sustainable way.
Summary
There is currently a strong fragmentation with the different crypto exchanges that can make activities hard to monitor for people who use several of those exchanges. The need to check one by one each and every single exchange makes it very time consuming and very inefficient, besides, there are problems related to liquidity issues when handling orders of certain sizes, and there is a lack of sophisticated tools for more experienced traders.
What Caspian is offering consists in a platform that allows users to manage their activities on different exchanges by just using the Caspian platform and interface, and there are also advanced features that can provide further control as well as automating certain administrative procedures.
Taking into account everything mentioned so far, Caspian can be a project that will certainly make everything easier to busy traders, whether they are small or big.
The roadmap
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