The Off-Platform Trading System Functional Documentation – Customer Support

Off-Platform Trading System (The Off-Platform System)

The Off-Platform System enhances the clients’ trading experience by offering a simplified, one-click trade execution process. It operates independently from the Exchange, offering an alternative avenue for trading without the order book. By integrating with independent, licensed Liquidity Providers through robust APIs, the Off-Platform System presents real-time trading quotes directly to clients.

Off-Platform Trading Process
Price Discovery and Display: The Off-Platform System frequently queries prices from Liquidity Providers to provide the most updated and accurate pricing information for various trading pairs.
Order Initiation: When a client initiates a trade, the corresponding asset amount is securely locked within the Off-Platform Trading System.
Order Placement and Execution: Trades are promptly placed with Liquidity Providers via the Company’s accounts, ensuring quick execution.
Settlement with Users: Following trade execution confirmation, the Off-Platform System swiftly finalizes the transaction, releasing the Client’s assets and updating the settlement status.
Automated Trading Journey
Quote Acquisition: The latest quotes from Liquidity Providers are brought to the clients, refreshing them regularly for the most current prices.
Order Management: Once the client places an order, the following occurs:
The Client’s assets corresponding to the off-platform order are frozen.
An identical order with the Liquidity Provider is placed.
Finalization: After confirmation from Liquidity Providers:
The transaction is settled by converting the assets minus the relevant service fees.
The freeze on the assets is lifted, and the order is marked as complete.

Throughout this process, the Off-Platform System facilitates the trade without altering any third-party prices.