Tag: Peer-to-Peer

Peer-to-Peer

The New FX Benchmark – What Does it Mean?

Colin Lambert muses on the broader significance of the latest BIS number for the FX industry as a whole. However the number was arrived at, the FX market will, for the next three years at least, be known as a $6.6 trillion market – reinforcing its position as the largest financial market in the world. […]

Peer-to-Peer Matching: FX HedgePool Tries a New Approach

There have been numerous attempts in the past to create buy side to buy side matching pools for FX, with very limited success. FX HedgePool is the latest venture seeking to do this and, as the company edges towards launch, Galen Stops takes a look at what it is doing differently. In April, Profit & […]

Fast, Cheap & Global: P&L Talk Series with Ryan Taylor, CEO of Dash Core Group

Dash, an open source, peer-to-peer cryptocurrency that launched in early 2014 as a fork of the Bitcoin software, is aiming to shift its image from being known initially as ‘the privacy coin’, by redefining its benefits as a payments-oriented network with a new release on the way. CEO of Dash Core Group, Ryan Taylor, talks to P&L about what’s coming up for the altcoin in 2018.

Profit & Loss: With something like 2,000 cryptocurrencies currently available, how does dash differentiate itself?

Ryan Taylor: Dash has a long history of being one of the more innovative coins

P&L Talk Series with AirSwap’s Michael Oved

Michael Oved, co-founder of AirSwap, met with Profit & Loss to discuss his vision for the potential of a decentralised trading platform based on the Ethereum blockchain. Previously an algo trader at Virtu Financial, Oved explains how he took lessons from the FX market and applied them to crypto trading to create a peer-to-peer platform.

Profit & Loss: AirSwap was designed around an Indexer, which acts as a search engine, matching up buyers and sellers, rather than using an order book model. With your background as an algo trader at Virtu Financial, did you look to the FX market for ideas when developing AirSwap?

Making Peer-to-Peer Matching a Reality

Paul Aston, CEO of Tixall Global Advisors, discusses the feasibility of peer-to-peer FX matching between large buy-side firms.

One of the long-standing problems with the concept of peer-to-peer matching between buy-side firms is that the probability of being able to actually put together complimentary buyers and sellers is very low. For example, the chances of a large asset manager needing to sell a certain amount of a particular currency at the exact same time that an insurance company needs to buy the same amount of that currency are remote.

Aston refers to the need to “get away from the quantum problem of having to know when something is available in time and level”, and suggests that there needs to be some form of “dark mechanism” whereby these buy-side firms can leave an order without it being exposed to the market, in order to make peer-to-peer trading more feasible.