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SBF
@SBF_FTX
1) Typical market structure in the US is highly intermediated: when a consumer purchases AAPL, they often go through 10+ counterparties from start to finish.
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SBF
@SBF_FTX
2) Regulatory frameworks are often built around this assumption: separate licensing for the brokers, clearing, custody, matching, etc. But there are some advantages to a less intermediated system. And more generally, you can apply the same protections to it.
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SBF
@SBF_FTX
3) As long as whichever entity is managing a part of the process is held to the same standard as an intermediary would be, the customer is equally protected--and in many cases, the core entity is held to a higher standard.
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Amo
@bodhizaf
Replying to
@SBF_FTX
That's a big plus for consumer. Free access to order book and historical prices/volumes..is something that has been missing in tradFi giving an edge to HF and institutional market participants. The traditional exchanges (NYSE,Cboe,Eurex) have been reluctant to cooperate for years
Dillip Sethy
@DillipSethy11
Replying to
@SBF_FTX
We are help less sir please we are harshing for all treatment please no organization or govt no help us.please sir your small help my brother can live a good life.faithfull to you .😭
Danny Digital
@DannyDigital41
Replying to
@SBF_FTX
And in a highly fragmented market with numerous pools of liquidity we need a centralized source to aggregate the liquidity and provide a seamless client experience. An intermediary if you will
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