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Author Topic: We're developing a HFT Exchange and we need help with banks  (Read 652 times)
mrvision
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June 24, 2013, 04:34:29 PM
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We're developing a high frecuency trading exchange, we have already tested our  matching engine and reached in a very modest equipment 271000 TPS.
We're facing problems dealing with banks and we would need some help. We're thinking about starting the company in a bitcoin friendly country like Panama, Uruguay, Andorra, Switzerland, Canada, Poland...

Im posting this in order to see if someone can help us to achieve this Cheesy
Any help is welcome!
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davout
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June 24, 2013, 04:36:08 PM
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Oh look, another "let's code first and think after" thread.

BCB
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June 24, 2013, 04:37:28 PM
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Are you BTCGlobal??
lexxus
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June 24, 2013, 05:35:26 PM
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Oh look, another "let's code first and think after" thread.

+many
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June 24, 2013, 06:22:43 PM
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We're facing problems dealing with banks and we would need some help. We're thinking about starting the company in a bitcoin friendly country like Panama, Uruguay, Andorra, Switzerland, Canada, Poland...

You could set up in those countries, but you have to remember that the biggest market for bitcoin is USD, and if you want to accept US customers which would seem logical, you still need to register and comply with all the same things a US based company would. I'm not sure about EUR, but it wouldn't surprise me if the same were true.

Best thing to do IMO is to seek a partner who already has the relevant US licences and work with them.

Cheers, Paul.
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June 24, 2013, 07:17:18 PM
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Best thing to do IMO is to seek a partner who already has the relevant US licences and work with them.
Words of wisdom.

mrvision
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June 24, 2013, 08:52:56 PM
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You could set up in those countries, but you have to remember that the biggest market for bitcoin is USD, and if you want to accept US customers which would seem logical, you still need to register and comply with all the same things a US based company would. I'm not sure about EUR, but it wouldn't surprise me if the same were true.

Best thing to do IMO is to seek a partner who already has the relevant US licences and work with them.

Cheers, Paul.

Thank you for the advice. Our technology will allow others to build other exchanges as they will be able to connect their user interfaces to our matching engine and start working without mixing their accounting with ours nor with others'  (Multitenancy) but we want every exchange to be an independent company with an independent connection to a bank as we don't want to centralize all fiat funds (each exchange working with our matching engine will be responsible for their funds).

Being said that. We don't really care which currency we start our own exchange with as long as we start in a safe jurisdiction (adding currencies later to the system would be easy). But it is very important for us to protect our customers from a seizure and because of that we're looking for someone in those countries or in another bitcoin friendly jurisdiction.


[/quote]
Are you BTCGlobal??

No, we are not.
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