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SPECTRE Disrupts Financial Trading With the Removal of Brokers

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SPECTRE Disrupts Financial Trading With the Removal of Brokers

Post by Vladdirescu on Tue Nov 28, 2017 9:16 pm

Cookeville, TN-The traditional belief within the financial market is that brokers are an integral aspect of it. They arrange sales between trader and stock seller for a small commission. That commission was their due for filling a role that only they could fulfill.

The ethical issues that arose from this system, though known to traders, were an unavoidable risk that had to be taken. Traders had no way to fulfill the role of a broker effectively unless they wished to take on both roles at once. This, coupled with the power of the broker, prevented the broker's place in the financial trading system to remain undisrupted for nearly the entirety of financial trading history.

SPECTRE, the shortened form of Speculative Tokenized Trading Exchange, is an innovative platform that has disrupted this facet of the financial market. SPECTRE is built upon Ethereum blockchain technology. This is important as it allows traders to use crypto wallets, rather than an account controlled by a broker, to invest. Ethereum takes the place of the broker and automates all the processes associated with the role. Brokers, in the traditional model, make profits off of the loss of traders; the Ethereum technology makes no such profit from the deposit of funds from cryptocurrencies into SPECTRE’s liquidity pool. This reduces the motivation and core reasons that broker fraud occurs within the financial market. The broker, within SPECTRE’s business model, is no longer necessary.



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