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

Thu, 29 Mar 2001 01:15:46 -0800

This is good to have the official endorsement.  Such a server could operate 
without anyone's endorsement, but the official endorsement should help 
establish confidence especially in the early stages.  Also having 
OmniPay's continous bid and ask on the server would give people 
confidence that market orders (especially large market orders) would in the 
worst case be executed at OmniPay's prices, never at some very 
unreasonable price which sometimes happens when a market is thinly 
traded.  This kind of support would be especially valuable in the early 
stage when the server is first set up and hasn't established much liquidity 
yet.
~ Vincent

On 28 Mar 01, at 12:02, Douglas Jackson wrote:
> 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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