1.0 INTRODUCTION
Having some form of order helps organisations in being more efficient. When processes are not streamlined, and data is scattered all over the place, the job becomes more tedious.
Caspian ensures that digital assets spread/being traded over multiple platforms can have their data collated, and they can be managed via a one stop shop. Activities such as Profits and losses, bids/ask information and compilation of prices can all be carried out via the Caspian platform.
2.0 KEY FEATURES AND BENEFITS
Everything can be grouped into three categories.
- Execution
- Position Management
- Compliance
EXECUTION: Caspian ensures that portfolios can be managed from a central location, to effect fast transactions. With the assistance of Caspian’s API’s, users are able to get orders, receive pricing information, and get order execution. Users will also be able to view prices, bid/ask, and also send and make changes to orders.
Users can choose if they will make use of Caspian’s Smart Order Router (SOR) or not. Margins can also be monitored across multiple exchanges, and communication will be aided by messaging facilities.
POSITION & RISK MANAGEMENT:Caspian’s Position Management System and Risk Management Systems enable users to monitor profits/losses and positions, ensuring that in depth records can be kept.
Users are able to view records at anytime, and give feedback to investors, or use them for evaluation purposes.
Users can also make use of limits to delay order execution.
COMPLIANCE AND REPORTING: The compliance engine gives Caspian the ability to initiate compliance rules and new limits. Limits can be manually or automatically set, with varying degrees of access. Some limits can only be set by supervisors. Reports such as snapshot reports, position data, audit reports and compliance reports can be made available in simple flat files.
Caspian will also have a web dashboard, where users can view visualizations. It will also allow for amendments.
3.0 TECHNICALITIES
ARCHITECTURE: Caspian is a cloud based platform that is accessible via simple to use User interfaces and API’s. Users are able to integrate the use of third party cloud computing solutions.
PERFORMANCE: Caspian is built to handle a host of transactions. It can process about 50,000 orders and 400k executions/day/user. Throughput is over 2500 orders/sec.
SCALABILITY: Caspian makes use of partitions to ensure that the load threshold set is not exceeded. Once this is gotten to, Caspian ensures that needed resources are allocated.
RELIABILITY: Caspian has been proven to be reliable, with an uptime of 99.99%. One of its parent company’s, Tora, with the technology on which Caspian is built has had a 99.99% uptime for the last ten years.
This is made possible by the use of fault tolerance and high availability, which essentially ensures that users do not experience downtime/no access.
SUPPORT: Multi-lingual support will be made available by Caspian. Also having a team of over 150 members will come in handy. Support tickets are handled based on level of importance, with trade related issues having the highest priority.
SECURITY:The use of strong passwords and two-factor authentication will be employed to keep users safe. Back-end access will also be restricted to a few administrators and support users. Connection to third party exchanges are always carried out via encrypted channels.
AUDIT: All actions on Caspian are recorded. These can always be referred to for auditing purposes.
4.0 TOKEN
The token of the platform is Caspian token (CSP). It isn’t necessary to have access to the platform. However, it can be used to extend functionality.
It will also be used to encourage freelancers to create free apps for the platform.
5.0 DEMO
Caspian has a working demo that illustrates some of its functions.
Compliance demo
Position management demo
Order execution management demo
6.0 CONCLUSION
Having to handle multiple balances across multiple exchanges is a problem, because it is tasking and time consuming. This will require a lot of effort to generate necessary reports for investors and team members, when needed.
More hands will be needed, more communication lines will need to be open; but with a solution like this offered by Caspian, a lot of participants of the value chain are no longer needed, and such tasks can be carried out easily.
Caspian will ensure that that the interaction between people and cryptos is improved, because they now have better ways of managing portfolios, handling orders, and initiating related actions, generally. Being able to manage all assets in one location will ensure that time spent from jumping from one exchange to another is put to better use.
Factors related to latency from each and every exchange will no longer be a factor, seeing Caspian acts as a one stop shop.
Being able to set limits and alerts will also ensure that users are fully in charge, and they can respond in time to concerns or for example purchase/selling alerts, quickly.
Caspian takes the user experience to a whole new level.
These fixes that will help to improve the crypto experience of users will ensure that more users are attracted to the possibilities of the cryptocurrency industry. With better solutions offered, and the hindrances before now taken care of, it will be a platform that will ensure more users come aboard the cryptocurrency train, via Caspian.
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