Bitcoin Forum
December 07, 2016, 10:21:31 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: Are you interested in using BTC to participate in non-BTC markets?
Yes - 7 (77.8%)
No - 1 (11.1%)
Maybe - 1 (11.1%)
Total Voters: 9

Pages: [1]
  Print  
Author Topic: Any demand for trading S&P futures, etc., denominated in BTC?  (Read 682 times)
BrightAnarchist
Donator
Legendary
*
Offline Offline

Activity: 853



View Profile
January 23, 2012, 09:11:15 PM
 #1

Just curious.

If I had time I would build it, not that hard.

Personally I would use such a service.
1481149291
Hero Member
*
Offline Offline

Posts: 1481149291

View Profile Personal Message (Offline)

Ignore
1481149291
Reply with quote  #2

1481149291
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481149291
Hero Member
*
Offline Offline

Posts: 1481149291

View Profile Personal Message (Offline)

Ignore
1481149291
Reply with quote  #2

1481149291
Report to moderator
1481149291
Hero Member
*
Offline Offline

Posts: 1481149291

View Profile Personal Message (Offline)

Ignore
1481149291
Reply with quote  #2

1481149291
Report to moderator
1481149291
Hero Member
*
Offline Offline

Posts: 1481149291

View Profile Personal Message (Offline)

Ignore
1481149291
Reply with quote  #2

1481149291
Report to moderator
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2002



View Profile
January 23, 2012, 10:02:41 PM
 #2

If I had time I would build it, not that hard.

Funny, I was thinking of the same words, but in a different order:
 - I'ld build that if it would not result in hard time

i.e., Building the technology to offer this is the easy part.  

There are securities regulations that apply to futures trading.  To offer this by passing-through trades from your own account with a broker would likely be violating the use agreement with your broker.  To offer this legitimately, if possible at all, would likely include capital requirements, licensing, etc.

slothbag
Sr. Member
****
Offline Offline

Activity: 369



View Profile
January 23, 2012, 11:14:03 PM
 #3

Just set up a stock trading game like iTrade.. People can buy a representation of an actual stock for bitcoin.  As long as the site owner actually does buy the real stock for himself then he can payout any profit/loss when the "player" sells back.

The "player" never owns the stock and can't do anything other than trade them back for btc.

Any profitable withdraws are prize money.
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 23, 2012, 11:37:06 PM
 #4

Just set up a stock trading game like iTrade.. People can buy a representation of an actual stock for bitcoin.  As long as the site owner actually does buy the real stock for himself then he can payout any profit/loss when the "player" sells back.

The "player" never owns the stock and can't do anything other than trade them back for btc.

Any profitable withdraws are prize money.

This would require large spreads to prevent slippage losses.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
slothbag
Sr. Member
****
Offline Offline

Activity: 369



View Profile
January 24, 2012, 12:19:31 AM
 #5

I was thinking each initial purchase of stocks by the site owner would incur an additional fee to cover spreads/brokerage etc, or the fee could be distributed amongst the first few trades.

Then player A would trade stock 1 with player B incuring no cost to site owner. In fact site owner would charge a trade commission like 0.50% or something.

If a player wants to cash out a stock which has no other buyers the site owner can do it for another premium fee.
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 24, 2012, 12:30:23 AM
 #6

I was thinking each initial purchase of stocks by the site owner would incur an additional fee to cover spreads/brokerage etc, or the fee could be distributed amongst the first few trades.

Then player A would trade stock 1 with player B incuring no cost to site owner. In fact site owner would charge a trade commission like 0.50% or something.

If a player wants to cash out a stock which has no other buyers the site owner can do it for another premium fee.

For internal trades, you either have to close out both positions when one wants to close (first to profit closes), or you have to hedge the other.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!