Post
Topic
Board Service Announcements
Re: [ANN] HEXS.NET - Digital Asset Trading Platform
by
hexs
on 05/08/2014, 23:15:55 UTC
How do you handle situations where you can't match all future positions internally? Bucket shop?


Due to the trading backgrounds of key firm shareholders we believe it would be a conflict of interest to take the other side of trades. So put simply, we don't take the other side of trades and this is why our total volume is still zero-- although our verified customer base is growing daily. Go figure. We feel this is the best time to implement these updates before trading starts to pick up where such a large downtime is unacceptable.

HEXS.NET is purely focused on providing fast, secure and reliable order matching based on time-price priority. If you are trying to buy and no one is willing to sell to you; your trade will not execute and will become a limit order instead. (ex. If there are no visible offers (or bids) and you place a market buy order (or sell order); the market order will become a limit order.)

We received some feedback from customers and non-customers that we should create a liquidity bot to get trading started.. but we don't feel that would be the right thing to do. We don't believe in the broker-dealer model nor do we engage as broker-dealers. Rather, we are willing to accommodate customers who are interested in providing a two-sided market with fee-waivers and rebates per trade.

Let us know if you have any other questions.