Integration results: Final part

Today we will talk about the integration process and the results: What the integration process includes, what tasks the team solved, and we will discuss the results.

Integration is a multi-level process that is divided into three interrelated levels: organizational, legal, and technical.

The organizational level is the long and most resource-intensive period, during which tasks solve, and subsequent integration actions carry out.

Together with you, we will consider the complex tasks that include the organizational level — the development of a plan, the search for partners, negotiations and approvals, the analysis of trading pairs, the tasks of ensuring liquidity, the connection of the technical departments of the partner’s enterprise, etc.

The main task of this level is to develop an integration plan, which is based primarily on the strategic goals of the company, per them, further business processes are the build is the basis on which the actions of subsequent levels and the future development of the ecosystem depend.

The plan defines the cycle of the company’s actions that are performed both during the integration process and after its completion and based on the plan, precise criteria for selecting partners, trading pairs, and other actions are formed.

The company’s strategic goals and integration directly link since the development of the ecosystem will depend on the choice of a partner and further interaction. In addition, if we consider this issue in terms of “trading functions,” an important factor will be the reliability of the partner and the drivers for further development of joint products and maintaining the level of liquidity.

At this sublevel, mutually beneficial terms and follow-up actions discuss, which are necessary for collaborative interaction between companies.

This part included in negotiations and approvals, but we have highlighted it because the process of approving trading pairs is no less important, it indirectly determines the actions of the legal level and affects the development of the system and the future liquidity of trading pairs.

One of the actions at the organizational level is to agree on a strategy for providing liquidity, which is essential for users and other stakeholders who will use ecosystem solutions.

At the local level, the advantages of providing liquidity are of all-fast the processing of orders received in the Depth of Market. For you, as for the users of the system, this factor will play a significant role when the “TKEY Online” release, and you want to make your first trade.

In simple words, the company and partners support a trading pair, both in one direction and the other, and exchange mechanisms allow you to compare buy/sell orders, to bring the orders of the seller and the buyer in the Depth of Market, thereby stabilizing the level of supply and demand.

The robot market maker allows users to conduct automated trading with various strategies and benefit from the strategy they set. Information about market makers and their role in the exchange infrastructure publish in the article “TKEY Online. The second part.”

“On trading exchanges, the price constantly fluctuates, the change can measure in decimals, and to compare buy and sell orders in a certain range, you need a market maker that connects sellers and buyers. Due to this, it is easy to buy or sell at the same second of creating an order.”

Providing liquidity implies the creation of a “main pool of liquidity” in the first periods of the launch of trading functions. Subsequently, “liquidity pools” will be created, which are organized by interested users, using the Automated Trading System, which will positively affect the trade and the ecosystem as a whole.

After the necessary stages of agreeing on a joint strategy, the company moves to the technical level, where the interaction between the company’s developers and the partner’s enterprise is carried out.

Any processes that may be required for the implementation of the organizational level.

Legal level

The legal level implies internal and external processes that are associated with the preparation of the necessary documents: contracts, licenses, and others.

Internal processes are understood as the conclusion of a contract between the company and a partner, agreements on commissions in the system, and other documents that define the relationship and obligations of the parties. External processes involve actions that may be required during the integration process, such as obtaining a license, passing an audit, and so on.

External processes are optional and may be required depending on external factors beyond the company’s control: the legislation of the country that affects the partner’s requirements for the company, about certain licenses or other requirements of the partner company, etc.

Technical level

The legal level implies internal and external processes that are associated with the preparation of the necessary documents: contracts, licenses, and others.

Internal processes are understood as the conclusion of a contract between the company and a partner, agreements on commissions in the system, and other documents that define the relationship and obligations of the parties. External processes involve actions that may be required during the integration process, such as obtaining a license, passing an audit, and so on.

External processes are optional and may be required depending on external factors beyond the company’s control: the legislation of the country that affects the partner’s requirements for the company, about certain licenses or other requirements of the partner company, etc.

Results

On April 27, technical measures were completed, all tasks were also completed at the organizational level, at the same time, legal processes at the internal level were agreed upon, and external processes remained, which include registration with state bodies for the operation of the ecosystem on the territory of Russia.

The company carries out the registration procedure with the state authorities to comply with the Federal Law and the requirements of partner companies. Upon completion of this procedure, ecosystem products will become available in Russia and the CIS, and several other countries.

The document preparation process was carried out during the technical level tasks, and its successful completion allowed us to start preparing for the procedure for submitting documents to the competent authorities.

On May 13, the company will submit a package of documents for the inclusion of the ecosystem in the state register. The registration period is up to ninety working days.

Expect the launch of “TKEY Online” in the summer. During this exciting waiting period, materials will be published that will help you quickly navigate the day of the release of “TKEY Online,” and the team also announced that it has completed the development of the product “TKEY Unified Register,” which allows you to track data, including transactions on the TkeyNet network.

Official TKEY blog in Medium. Infrastructure for the financial ecosystem

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store