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Spectre Eliminates Fraud With First Broker-less Platform

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Spectre Eliminates Fraud With First Broker-less Platform

Post by Vladdirescu on Mon Nov 20, 2017 8:01 pm

Cookeville, TN- Speculative Tokenized Trading Exchange, shortened to SPECTRE, is different from the other ICO’s that claim to be disrupting the financial market.

The platform was created by Neuchatel Ltd whose founders, SPECTRE CEO Karan “Kay” Khemani and COO Zisis Skoulouds, explicitly designed the platform to be disruptive and innovative. It’s two innovative features, Tokenized Balance Sheets and Dividends along with an adaptive trade platform, are their most disruptive ones. Both features aim to reduce broker fraud by removing the perpetrator of fraud-the broker-,protecting the trader through algorithms, and promoting transparency within the platform.

The main perpetrators of fraud within the financial trading market are brokers. They have complete control over the investments, and therefore capita, of the trader from the moment they invest. Brokers make money off of the losses of their traders which results in a broker-trader dynamic that encourages such practices as dishonestly reporting market prices, providing hyped strategies designed to burn accounts intro the ground, trading without permission upon the behalf of the trader, and hindering withdrawals. This unhealthy dynamic encourages a 70-90% industry loss ratio that creates distrust in the financial market.



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