Quote from: crazyer1976 on September 19, 2018, 05:56:48 AM

Quote from: swapblocks on September 19, 2018, 05:47:33 AM

Quote from: djuragan on September 19, 2018, 05:33:44 AM

So this SWAPBLOCK will be removing the influence of the middle man, and that will makes the excess fee that usually goes to the middle man will be removed, that way will reduce the excess cost for every transaction.

Yes exactly! It's hard to pinpoint the exact cost of the middleman considering that data is private, but for products like Interest rate swaps, the cost of the middleman is in the $1,000,000 - $2,000,000 range.

Where did you get these prices? What kind of transactions does this apply to? Removing an intermediary does not always lead to savings, because the risks of fraud of the platform itself grow, no one takes this into account.

Just now seeing this message, I apologize for not getting to you sooner. We got these numbers directly from a consulting firm that handles these types of transactions. Our new focus is on a repurchase agreement platform and we are now working with management at companies that work with these types of transactions so we can accurately pinpoint which processes we're able to replace or eliminate and the exact cost of each step.