Trading platforms for new or existing instruments
Banks, funds, brokers, entrepreneurs, consortia and other participants are constantly thinking
of different ways to trade existing products, or forming new markets on which to speculate and
manage new risks. Yet the industry lacks a viable way to quickly build and deploy trading platforms;
new exchanges proclaimed in press releases often fail to go live years after their announcement.
Market structure expertise
The discipline of designing a new market and its microstructure is often misunderstood.
What instrument will best express the underlying interest of the traders? What matching
algorithms will attract makers to the market? Which order types build liquidity and which
will have minimal impact? How transparent should the market be initially,
and how should it change as volumes grow?
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Liquidity building tools
The most elegantly designed, fastest market in the world without any traders or transacted
volume is still wanting. Once a market is established, what is the best way to grow liquidity
towards a tipping point, and then greatly surpass it? Aside from hiring an army of sales people
(who then take a lot of people out to dinner), there must be a quicker and more systematic
way to critical mass.
A technology partner from idea to global liquidity
Avoid another year of slippage between press release and the launch of your new trading venue.
