[Webfunds-users] can systemics trader be used for hansa doller / digigold?

Wed, 28 Mar 2001 12:02:31 -0500

As the founder of DigiGold I would like to make it clear that the emergence of a
USD-denominated currency instrument is a very welcome development. Speaking for
DigiGold and for OmniPay, I entirely favor trading on the Systemics Market
Server (using the Trader client) between Hansa dollars and DigiGold AUG. Such a
trading book could very quickly become the lowest cost market for going between
dollars and gold. This would draw some or most of the wholesale exchange
business away from OmniPay but OmniPay would compensate by maintaining
continuous bid and ask positions on the market server. OmniPay would rather have
a smaller piece of a bigger pie.

Douglas Jackson

Vincent Youngs wrote:

> I am very new to webfunds wallet and systemics trader, and haven't really
> figured out how to use them yet, but I am very intrigued by what appears to
> promise an easy way to set up trading between any two financial
> instruments (so long as they have a webfunds wallet contract).  Am I
> correct about this, that systemics trader will make it very easy to set up a
> trading exchange between any two instruments?
>
> And, more to the immediate point, how difficult would it be to set up a
> trading exchange between the Hansa dollar and digigold?  This would be
> an immense step forward for the entire e-gold community, to have a
> nasdaq like trading exchange between e-gold and dollars.  I guess the
> systemics trader software is still in alpha stage?  I wonder how soon might
> we have a Hansa dollar / digigold exchange?
>
> ~ Vincent
>
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