A Question of Fairness
A flexible solution for today and tomorrow.
Since it is based on a technological concept that’s widely used today, the EGD will easily interface with existing communication and trading platforms without requiring major changes or re-engineering. In fact, the entire implementation would be efficient and economical.
Thanks to its inherent flexibility, the Fairness Algorithm will also be easy to adjust to maintain efficiency during changing market conditions. As a result, the EGD will be able to adapt to peaks and valleys in trading volume, different times of day, and other factors that affect exchange operations.
In addition to meeting the operational requirements of today’s volatile markets, the technological flexibility and adaptability of the EGD will ensure its long-term relevance, since trading on the financial markets will continue to be affected by new IT developments and innovations.
Restoring the principle of fair trading to today’s volatile financial markets.
The world’s leading exchanges and other high-volume trading venues will reap a number of benefits from the implementation of the EGD and its Fairness Algorithm.
They will be able to prove their commitment to equitable trading practices. They will significantly improve the transparency of buying, selling and price discovery. They will also help minimize the disruptive volatility that can generate windfall profits for market manipulators.
Over time, as investors’ perception of unfair trading heightens, these “fair trading” exchanges may also be able to gain a powerful competitive advantage by winning the public trust, earning the approval of regulators, and attracting the vast majority of people who want to participate in a free market on a level playing field.
The Exchange Gateway Device is not the complete solution to the problem of abusive trading practices. But it represents a significant step forward in the right direction.
For more information, visit www.fairtrader.us
About The Author
Jerome Simonoff is an investor, a technological innovator, and the President of CHAX, Inc., an independent software development company specializing in funds transfer software.
In addition to inventing solutions for the financial services market, he is a highly regarded IT consultant and entrepreneur. He can be reached by emailing jerry@chax.com
Leave your opinion!
You must be logged in to post a comment.