[INFO] Open Source Trading Platforms

[EnergyVampire]

Does an Open Source Trading Platform exist?
Would this be a good solution for existing/new BTC exchanges?

Some links to help you get started or make your exchange better...

Trading Platform - Exchange/market side:

• https://github.com/davout/bitcoin-central
• https://github.com/bitfloor/matching-engine
• https://github.com/dooglus/intersango
• http://www.marketcetera.com/
• Intersango HOWTO - Build your own Bitcoin Exchange Web Site! - ThiagoCMC

Trading Platform & Protocols - Order entry side:

• http://fixprotocol.org/
• http://www.interactivebrokers.com/en/software/api/api.htm
• http://www.openbloomberg.com/open-api/
• https://github.com/OpenGamma (http://www.opengamma.com/)
• http://www.nanex.net/
• http://sourceforge.net/projects/eclipsetrader/ (http://www.eclipsetrader.org/)
• http://www.traderslaboratory.com/forums/tools-trade/11086-open-source-trading-platforms-master-list.html
• http://code.google.com/p/tradelink/
• http://sourceforge.net/directory/business-enterprise/financial/investment/freshness:recently-updated/
• http://en.wikipedia.org/wiki/Category:Electronic_trading_systems

P2P Trading Platforms & Threads

• https://github.com/FellowTraveler/Open-Transactions
• https://en.bitcoin.it/wiki/Ripple_currency_exchange
• https://github.com/santacruz123/node-bitcoin-exchange
• Dark Exchange: a 100% decentralized p2p exchange - morpheus
• RFC -- Distributed Bitcoin Stock Exchange (DBSE) - btc_artist
• Open Transactions Server: Asset/Bond/Commodity/Cryptocoin/Deed/Share/Stock Exch. - markm
• P2P Cryptocoin Exchange (P2PX) - Mike3574
• P2P Exchange - "1X" and "NX", a new concept in the block - BrBoy
• p2p securities exchange. Now being developed (again) - Chaang Noi (Goat) ช้างน้อย
• [IDEA] - Ripple-like system for Bitcoin investment / p2p insurance / p2p lending - ripper234
• How and Why You Should Set Up Your Own P2P Bitcoin Currency Exchange - Trader Steve
• P2PTradeX: P2P Trading between cryptocurrencies - Sergio_Demian_Lerner

[shtylman]

Does an Open Source Trading Platform exist?

Would this be a good solution for existing/new BTC exchanges?

Trading platform on the exchange/market side or order entry side?

[EnergyVampire]

On the exchange/market side.

The AML/KYC & security burden/workload for the exchanges is high enough as is. Considering that the BTC market is still kind of small, the workload is higher than the return at the moment. Maybe something like this could reduce the barrier of entry?

[freespirit]

https://github.com/davout/bitcoin-central

[shtylman]

On the exchange/market side.

The AML/KYC & security burden/workload for the exchanges is high enough as is. Considering that the BTC market is still kind of small, the workload is higher than the return at the moment. Maybe something like this could reduce the barrier of entry?

Don't forget to take into account the time and effort it would take to learn someone's platform and get it running. In a large system like an exchange there will be many moving parts. You also want to have your own people understand what can go wrong and where. These reasons alone often make it better and easier to roll your own solution at the app level.

At Bitfloor, we contribute back to any open source projects that we find useful as we can. I find this a much better approach than just dumping an entire system and expecting people to understand it.

[EnergyVampire]

At Bitfloor, we contribute back to any open source projects that we find useful as we can. I find this a much better approach than just dumping an entire system and expecting people to understand it.

+1

I am not a big trader by any stretch of the imagination but I have been watching/reading and doing small trades at the BTC exchanges that have been around a little while. I've been bumping into a ton of issues with weird/useless APIs, questionable order matching executions, unfriendly interfaces, and at times trades not getting reported and/or documented.

I can understand why an exchange with only $100 USD profits per month might lack in the customer service department but I also don't want them to shutdown their service to the Bitcoin community.

[EnergyVampire]

Is anyone interested in starting a bounty for building something like this?
Is anyone interested in donating BTCs for a project like this?
Are there any programmers interested in working on a project like this? (getting paid in bounty or volunteer)

[gweedo]

Is anyone interested in starting a bounty for building something like this?
Is anyone interested in donating BTCs for a project like this?
Are there any programmers interested in working on a project like this? (getting paid in bounty or volunteer)

I would mind doing some work on this for some btc pay

[EnergyVampire]

Is anyone interested in starting a bounty for building something like this?
Is anyone interested in donating BTCs for a project like this?
Are there any programmers interested in working on a project like this? (getting paid in bounty or volunteer)

I would mind doing some work on this for some btc pay

Thanks for the reply, gweedo.

It seems like there is not much interest in this so...

[daybyter]

It would be cool just to have a reference API, that is complete and has good design, so site developers can use this as a reference.

[EnergyVampire]

It would be cool just to have a reference API, that is complete and has good design, so site developers can use this as a reference.

Some interesting links:

https://github.com/bitfloor

https://github.com/shtylman

http://www.marketcetera.com

http://fixprotocol.org/

http://www.interactivebrokers.com/en/software/api/api.htm

[Explodicle]

Here's another one:
https://github.com/FellowTraveler/Open-Transactions

Not quite done yet, but it has a lot of potential.

[EnergyVampire]

Here is another one:

https://github.com/dooglus/intersango

[ThiagoCMC]

Is anyone interested in starting a bounty for building something like this?
Is anyone interested in donating BTCs for a project like this?
Are there any programmers interested in working on a project like this? (getting paid in bounty or volunteer)

I am.

[ShireSilver]

Merely making a trading platform open source would add some small value, but what would really shake things up would be a P2P trading platform. Think of bitcoin itself compared to centralized banks, and make the same paradigm shift for owning shares/bonds. No central repository to get thwacked or controlled.

I really like GLBSE and find it to be a great benefit to the bitcoin community, but IMHO it would be better if sites like that were merely portals to the P2P share system - comparable to online wallets such as blockchain's.

[EnergyVampire]

Is anyone interested in starting a bounty for building something like this?
Is anyone interested in donating BTCs for a project like this?
Are there any programmers interested in working on a project like this? (getting paid in bounty or volunteer)

I am.

Cool... which part are you interested in, ThiagoCMC?

[EnergyVampire]

Merely making a trading platform open source would add some small value, but what would really shake things up would be a P2P trading platform. Think of bitcoin itself compared to centralized banks, and make the same paradigm shift for owning shares/bonds. No central repository to get thwacked or controlled.

I really like GLBSE and find it to be a great benefit to the bitcoin community, but IMHO it would be better if sites like that were merely portals to the P2P share system - comparable to online wallets such as blockchain's.

Interesting comments, ShireSilver.

I've been searching older threads on this site and have found a few projects that were/are very interesting. With an average of 2000+ new threads and 50000+ new posts every month for the previous 12 months, it is not easy to keep track.

Although, my questions were for the exchange of non-P2P local currencies, I'll go ahead and reference the OP with some of these threads, post, links, etc as we find them.

[Andrew Vorobyov]

In development - https://github.com/santacruz123/node-bitcoin-exchange

[EnergyVampire]

In development - https://github.com/santacruz123/node-bitcoin-exchange

Hello Andrew,

I noticed you were asking for margin & shorting feedback: https://bitcointalk.org/index.php?topic=93583.0

I have no idea how to implement these features but...

I believe eventually the Top-10 exchanges will offer margin trading accounts simply because it is a huge money making machine. This may be one of the reasons US brokers try to push their clients into margin accounts instead of cash accounts. If you look at the quarterly & annual reports of these brokers (www.sec.gov) it is an increase of 10x-100x times in profits.

[EnergyVampire]

As an example:

Using MtGox's BTC/USD previous 30 days trade data from http://www.bitcoincharts.com/markets/  ...

Volume= 1,324,462.76 BTC
Average trading Fee =0.4% (Guesstimate)
BTC/USD@$8.00

Excluding MtGox's operational costs this is 10,595.70 BTC profit per month (1324462.76*.004*2) or $84,765.60 USD per month (1324462.76*.004*2*8 ).
Using a conservative additional margin profit of 3x, this would be a profit of 31,787.10 BTC or $254,297.00 USD per month.

An additional profit of 169,531.00 USD per month!!!

This is more than enough to hire accountants, auditors, compliance officers, consultants, developers, lawyers, security specialist, customer service representatives, etc.

just saying you are working on a great project....