Seems I overestimated how much time NASDAQ invests in research prior to execution ..
In the end, we should try to be a lot more present at conferences, meetups and workshops/hackatons..
So I don't think its simply an issue of research. Nadaq is one of the most technologically advances exchanges in all areas of the exchange business not just trade execution. They really want to use this technology to consolidate back office operations because it will allow for them to have a competitive advantage over those other exchanges that have more heavily invested in clearing services.
To be fair they are only just getting their feet wet and bitcoin being the premier blockchain at the moment is a good way of doing that. They are using bitcoin to manage cap tables which can be adequately performed using bitcoins blockchain and open assets. I can't remember where exactly I reqd this, but I'm pretty sure they are looking for alternatives to bitcoin going forward.
I think it would be really beneficial to reach out nasdaq to give them an idea of what this technology is capable in terms of scalability and in terms of compliance. Additionally I think it would be good to reach out CMEs Strategic Investment Group, which invested in ripple.
Our pitch to these exchanges should be that clients can create their own ETPs, thereby allowing these exchanges to capture a larger share of the OTC markets and position themselves for changes in regulatory guidance such as MiFID II which will restrict OTC trading in the future.
I am 100% with you. We all need to step our game up and let them know.
It says nothing about using Bitcoins blockchain. It says they are going to use tech behind it. Who knows what they are cookin up
"Earlier this year, Nasdaq joined a clutch of companies seeking to adapt blockchain for mainstream finance, saying it would “leverage blockchain technology as part of an enterprise-wide initiative.”
“We also plan to announce further blockchain initiatives in the future,” Greifeld said Thursday during a conference call with analysts. “The application of blockchain technology within Nasdaq’s private market aims to modernize, streamline and really secure cumbersome administrative functions,”
Last month, Symbiont, which plans to use blockchain to make it quicker and cheaper to transfer assets between buyers and sellers, raised $1.25 million from financial industry heavyweights including former New York Stock Exchange chief Duncan Niederauer, former Citadel LLC executive Matt Andresen, and two co-founders of high-frequency trading firm Getco LLC, Dan Tierney and Stephen Schuler."
Imo we have the potential to already be at number 2 on CMC people just dont see it yet. Im sure if they are in talks with a big bank then they can get in touch with who they need to. The devs seem very intelligent. Only thing im wondering is if the Nasdaq does create its own blockchain that will render Bitshares useless correct?
Topic: nasdaq to use bitcoin technology (Read 7451 times)
