Heya Peeps,
I'm working on an innovation: the Decentralized Stock Exchange (DSX).
http://www.decentralizedstockexchange.com/
The concept is to remove the need for a central exchange, and push the market state out to the devices. Think of the network of computers, browsers, mobile devices, tablets, etc. as one big cloud. There, the state of the market is kept. Whenever a trade is made, holdings of shares are synced across this cloud of devices.
If you have an idea and need funding, you can offer shares and do your own IPO, and post them on the exchange. Who needs Goldman, JPM, MS, or another to underwrite you, when the DSX is immediately available?
Honestly, the stagnation of tech IPOs is evidence of how the current system stifles innovation. There were ZERO tech IPOs in the first quarter of this year. That's embarrassing!
After shares are issued, they are traded peer-to-peer. Via an algorithm similar to building a routing table, buyers and sellers are matched, and shares are exchanged directly between them.
Another key point is that market and deep book data are always free. One of my greatest annoyances in this field is how data are so highly paywalled, and it's a huge advantage for those inside. On the DSX, the standing orders are out there for everyone to see. Real-time and historical data a free, and can be collected by anyone.
A quick note about security. Let's say that an enterprising hacker decides to jailbreak their iPhone and give themselves some shares. Sorry buddy, that's not going to work. It's going to be immediately flagged as a discrepancy by their neighbors, reconciled, and adjusted back to it's proper value.
A glance at the Web site will tell you that it's very early in the process, but I thought that I'd post it out here for feedback. Let me know what you think, and don't worry about hurting my feelings.
If you're a programmer, and would like to help, PM me. I plan to use Angular 1.0, Objective-C, Java, C++, and MySQL. It's a unique opportunity: when will you again have the chance to actually build a stock exchange? This I promise: you will learn about market structure!!!
Sincerely,
Keith :^)
I'm working on an innovation: the Decentralized Stock Exchange (DSX).
http://www.decentralizedstockexchange.com/
The concept is to remove the need for a central exchange, and push the market state out to the devices. Think of the network of computers, browsers, mobile devices, tablets, etc. as one big cloud. There, the state of the market is kept. Whenever a trade is made, holdings of shares are synced across this cloud of devices.
If you have an idea and need funding, you can offer shares and do your own IPO, and post them on the exchange. Who needs Goldman, JPM, MS, or another to underwrite you, when the DSX is immediately available?
Honestly, the stagnation of tech IPOs is evidence of how the current system stifles innovation. There were ZERO tech IPOs in the first quarter of this year. That's embarrassing!After shares are issued, they are traded peer-to-peer. Via an algorithm similar to building a routing table, buyers and sellers are matched, and shares are exchanged directly between them.
Another key point is that market and deep book data are always free. One of my greatest annoyances in this field is how data are so highly paywalled, and it's a huge advantage for those inside. On the DSX, the standing orders are out there for everyone to see. Real-time and historical data a free, and can be collected by anyone.
A quick note about security. Let's say that an enterprising hacker decides to jailbreak their iPhone and give themselves some shares. Sorry buddy, that's not going to work. It's going to be immediately flagged as a discrepancy by their neighbors, reconciled, and adjusted back to it's proper value.
A glance at the Web site will tell you that it's very early in the process, but I thought that I'd post it out here for feedback. Let me know what you think, and don't worry about hurting my feelings.
If you're a programmer, and would like to help, PM me. I plan to use Angular 1.0, Objective-C, Java, C++, and MySQL. It's a unique opportunity: when will you again have the chance to actually build a stock exchange? This I promise: you will learn about market structure!!!
Sincerely,
Keith :^)
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