In "Goodness that is a great, great software business", I present http://banclist.com , which is probably the most lucrative direct messaging platform in the world on a per user basis. (I'm exempting e.g. Bloomberg which does a lot more than DMs.)
-
-
The bank urgently does not want to be in the business of answering that question, because answering that question is a regulatory minefield in a business that has to be very, very careful of regulatory minefields.
Show this thread -
Thus BancList (spelling absolutely intentional, because even the K is regulated and I am absolutely not joking about that fact). Their answer is "Train all your employees that if anyone asks about your bank stock you point them to BancList and we handle everything else."
Show this thread -
So is BancList a stock exchange? No. BancList doesn't do the heavy lifting or interface with broker dealers, clearing, settlement, etc. BancList is CraigsList for small bank stocks. You say "Hey I have 1,200 shares of Foo and want to sell at $7 each." The let people DM you.
Show this thread -
You and the person you're DMing with conclude the transaction off-platform, presumably involving lawyers, (other) banks, and the transfer agent (the party that keeps the blockchain ^H^H^H^H^H excel file which lists who owns the bank).
Show this thread -
And who pays for it all? The banks, on a subscription fee, because "Never have your employees burn company time to get you into a regulatory incident AND ALSO give your shareholders liquidity" is so darn useful. (SWAG guess: probably 5 to 6 figures a year, enterprise pricing.)
Show this thread -
There's some ancillary complexity from letting the bank approve listings/transactions and display their investor disclosures inline, but if you were to model this as "A CRUD app you could write in 2~4 weeks" I think you'd be substantially right. A beautiful, beautiful business.
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.