Automated Trading System

The Automated Trading System is a technical automaton (robot) located entirely on the public Internet and owned by the Panamanian company WMT Prime Corp.

The System is a direct-access IT trading platform, which means that a registered Trader may independently and directly carry out operations to exchange settlement instruments without the involvement of financial intermediaries or brokers. The software complex implements instant automatic matching and execution of counter-obligations in a single indivisible transaction in the platform database at the moment the agreement is recorded.

In the course of this, mutual set-off and redistribution of claim rights to settlement instruments and collateral units take place between the Traders of the platform. Accordingly, the Platform is not itself a party to the agreement, does not perform bank clearing or financial settlements in respect of the obligations arising, and acts solely as a technology provider that gives the parties the software capability of guaranteed and automatic performance of their counter-obligations.

Fees and Costs of Working with the IT Platform

No fee is charged for the technical maintenance of the Collateral Account;
When digital assets are transferred as Collateral (deposited to the balance), no fees are charged by the platform, but blockchain network fees are paid by the Trader independently;
At the moment orders are automatically matched by the algorithm (matching), a technical fee for the use of the software in the amount of 0.05% of the transaction volume is debited from both participants in units of the quote settlement instrument;
When unused collateral is claimed and returned (funds are withdrawn), a fee, the amount of which depends on the specific digital asset, is withheld from the settlement balance solely to compensate for the transaction costs in the corresponding blockchain network.

Platform Instruments

The System provides operations for the exchange of settlement obligations (synthetic contracts) between various digital tokens and settlement notes (instruments). The instrument listed first in a pair is deemed the Base Note, and the instrument listed second in a pair is deemed the Quote Note.

Data on a completed allocation of assets are reflected in the Operations History of the Collateral Account (section “Balance / Register”). In the “Note” column, the numerical indicators “Settlement Value”, “Technical Fee” and “Set-off Volume” are recorded in units of the Quote Note. The indicators “Quantity” and “Available Balance” are reflected in units of the Base Note.

To prevent algorithmic errors when submitting orders to the matching queue, Traders are advised to verify the proportions of settlement units in the market parameters tab.

Collateral Management

Within the IT platform, a Trader’s digital tokens may be transferred to the collateral pool (or returned to an external wallet) at any time during the operation of the automated system. All assets shown on the Internal Settlement Balance remain at the full disposal and under the control of the Trader. For the full return and withdrawal of all collateral assets from the platform, the Trader must cancel his or her active (unexecuted) orders from the queues of the matching algorithm.

The exchange supports Software interfaces INDX for automated interaction with it.