[FYI] Eliminating High Frequency Trading and Creating ‘Fairer’ Markets

[ebit]

 +5%

[Russ Hanneman]

http://cointelegraph.com/news/114378/eliminating-high-frequency-trading-and-creating-fairer-markets

CT: Could you explain how your market algorithm works on a basic level?

DP: Our algorithm works by incentivizing placing orders for as many units of currency as you can, as close to the bid-ask spread as you dare, and having them sit there for a long time until they eventually execute.

When you place an order in our markets you pay 1 % in royalty to the other orders of the opposite type (Bids to Asks, Asks to Bids) that already exist in the market, and this is prorated based on how large the existing orders are and how close they are to the spread (Bids with "higher" prices, Asks with "lower" prices).

As your order remains in the market, it also accumulates these royalties based on the two aforementioned factors. However, you only "capture" (i.e., your account is credited) the royalties your order accumulates when it executes.

...

CT: What currencies will you support?

DP: We are in the process of adding Euro, our first fiat currency. In addition to this, we already have Bitcoin, Nxt, Dash (Darkcoin), Litecoin, Peercoin, and Paycoin.

I heard my housekeepers talking about this the other day, and it got me to thinking. Without HFT, how am I supposed to fleece the noobs and stay over a B?

Seriously, who wants their doors opening like this _--_ when they could be opening like this \ _ / ?  I've got two thumbs and three commas and now French Justin Beiber wants one of them?

Listen up Ruby Rose, why don't you go get all X'd out and tatted up like your friends and leave the trading to the experts!

Russ Hanneman
Financier Extraordinaire
Inventor of the I3DIOT and the MYO-Fleshlight

[testz]

http://cointelegraph.com/news/114378/eliminating-high-frequency-trading-and-creating-fairer-markets

CT: Could you explain how your market algorithm works on a basic level?

DP: Our algorithm works by incentivizing placing orders for as many units of currency as you can, as close to the bid-ask spread as you dare, and having them sit there for a long time until they eventually execute.

When you place an order in our markets you pay 1 % in royalty to the other orders of the opposite type (Bids to Asks, Asks to Bids) that already exist in the market, and this is prorated based on how large the existing orders are and how close they are to the spread (Bids with "higher" prices, Asks with "lower" prices).

As your order remains in the market, it also accumulates these royalties based on the two aforementioned factors. However, you only "capture" (i.e., your account is credited) the royalties your order accumulates when it executes.

...

CT: What currencies will you support?

DP: We are in the process of adding Euro, our first fiat currency. In addition to this, we already have Bitcoin, Nxt, Dash (Darkcoin), Litecoin, Peercoin, and Paycoin.