What is Qurrex?
Qurrex aims to be the hybrid crypto exchange. It wants to integrate industrial infrastructure of traditional stock exchanges with a decentralized network.
What are Qurrex key features?
HIGH-END PERFORMANCE, SCALABLE AND RELIABLE CORE EXCHANGE MODULE.
Throughput >=70,000 trx/sec.
Latency: <= 650μs at 99% Capacity >= millions of connections
Zero loss of data
Integration of CEX and DEX with the Single Order Book.
CEX with high-end performance for algo- and HFT-traders
DEX with high liquidity of Single Order Book
NEXT-GEN SECURITY LEVEL.
Security System Infrastructure of Traditional Exchanges
Secure «cold» storage
«Hot» wallets’ insurance programs
Supervision by recognized IT Security Company
Algo trading functionality embedded in GUI
Auto-copying of trading signals
Wide range of analytics tools & charts
Social Trading Segment
Information Services (Real-Time Market Data Sources and Analytics)
Non-Trading Segment (Corporate Services, Market Technology, Trade Management Services)
We plan to provide Qurrex with high liquidity thanks to:
Cooperation with major liquidity providers
Qurrex’s sufficient liquidity fund
Best practice in launching new instruments
We will be the first at cryptomarket acting as traditional public company
Maximum formalization of all processes (rulebook etc.)
Regular disclosure of financial statements and reports
Annual audit by Big 4
Who is Qurrex for? Who are the potential customers?
Below is an initial list of potential customers:
Active clients of crypto-exchanges
Algorithmic and arbitrage traders, HFT
Other crypto exchanges and exchanges that need high liquidity
Classic and FX traders
Institutional and corporate investors, cryptocurrency funds
Qurrex Hybrid Architecture
Qurrex architucture will be built in synergy of:
Blockchain technology – ensures secure storage, eliminates intermediary and provides aggregated liquidity from all network nodes, including the centralized no
Centralized node – centralized exhange (CEX) with performance comparable to modern, cutting edge stock exchanges
Featured functions of the hybrid exchange
formation of an aggregated order book based on quotes collected from all the system’s nodes (both the centralized and decentralized nodes);
dissemination of the aggregated order book to the blockchain nodes;
choice of the blockchain nodes with the best instrument prices/quotes to place the order submitted by a client (if the order is not marketable, it is entered in the order book of the original system node);
sending the order to the selected system node (for marketable order); entry of information on the order into the blockchain (for queuing order);
receipt of execution confirmation.
Qurrex execution logic
Each node of the hybrid exchange provides the Best Execution service to the user. Broker companies operating in countries with a developed financial market are obliged to provide the Best Execution service. In Qurrex this service is implemented by a special module – Smart Order Router, which is part of all the blockchain nodes, incluing the centralized (CEX) node.
Qurrex DEX blockchain is built of two types of nodes: confirming nodes and user nodes. The DEX protocol allows confirming nodes to charge other nodes a commission for the deals and transactions. The commission is charged in the deals’s (transaction’s) cryptocurrency.
There is a special kind of trading orders: DEX Cross-Chain cross-platform atomic orders (transactions). Cross-platform orders are charged just once, when being placed on decentralized nodes. Such orders are included in blocks as DEX transactions, while the confirming nodes charge their commission.
Qurrex founds special cryptocurrencies (qBTC, qETH). A trader can exchange these cryptocurrencies through DEX and his trades are to be charged for the deals theirselves, not for separate blockchain transactions.