Brokers Rejoice! Blockchain Trade Verification is Live. Powered by trade.io

For the first time ever, provable fairness is now available to traditional asset traders. The Blockchain Trade Verification DAPP is live and is available for use by any broker, using data from any trading platform for any asset class.

The Blockchain Trade Verification tool or BTV provides traders with immutable proof that their trades are being executed at fair prices and not being unfairly slipped. It does this by using mt4 reporting servers. Trade data is written into a database which is collected on a daily basis, hashed and saved to IPFS then entered into the Ethereum blockchain. The dashboard then gives users the option to check the saved hash from the blockchain, fetch the data from the server, and compare the two hashes. The hashes being the same are proof that the data has not been tampered with. The data can also be downloaded directly as a CSV for a more granular audit.

The tool can be accessed at this link https://fxprimus.trade.io/

BTV is being adopted initially by Primus Global Ltd (previously known as FX Primus Europe (CY) Ltd), a CySEC regulated broker in Cyprus, along with Primus Capital Markets UK Ltd. (PCM), an FCA regulated broker in the UK. Over 10 years, FXPRIMUS has acquired a global clientele trading from a wide range of asset classes, and reaching a significant daily trading volume. With the BTV, the brokers can offer added value to the client and an assurance that all trades, once published to the blockchain, cannot be tampered with or manipulated. In the future, trade.io will be issuing licenses to additional brokers who are interested in offering BTV to its clients.

Currently, we are investigating the feasibility of expanding the BTV tool so as to provide protection against front-running on the trade.io exchange platform due for beta release in April 2018.