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by psmutha
3691 days ago
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"I STILL WANNA KNOW".....I missed the boat few years ago, when I had the idea but didn't know how to go about it because I do not have software/coding knowledge or background....I found some of my idea implemented by Robinhood....But it still missed quite a bit....I think a better platform can be created......As far as expensive is concerned, I can find investors....what is required is the right business model...I am in the best city in the world and probably can make most of it...We may find a way to implement in india as well |
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There are several things to be done as i said, for starters you would need a license/ permission for starting a stock exchange from SEC and other regulatory authorities in US.
Second you need to set up the data center with the price matching software running on for five days a week, with high speed connections, or may be a separate dedicated line would be a better choice as any down time below 99.8% would itself kill the whole project.
Third you would have to partner up with banks and other financial institutions to trade on your platform. Like actually use it. cause you need the trade volumes to be managed and should be above a certain point, which means you need to manage a few hundred thousand transaction transactions per second.
These are just three top of my head, and this is just like a grain of sand in the desert there are several other thing which would take me whole night to describe but if you want to know it in a more detailed way, like if you are actually crazy enough to peruse the idea, feel free to send me an email at (mohtashim_ansari@live.in) i will be glad to help.