David Jack has just published a blog post on Midas Oracle, and here’s one short excerpt:
Take a look at Betfair today – it has some of the most liquid, volatile and high participation prediction markets in the world. Participation drives the price down and provides fantastic value to our customers. This has allowed us to build a business that we are all really proud of. The Tradefair team believe that by focusing on financial markets, delivering exchange technology that allows mass participation in an accessible, highly available and transparent manner will allow us bring that same value proposition to the financial sector.
TradeFair’s 0-100 trading engine could also be used to float all kinds of event derivatives, not just the financials. It will take time for us to understand why they insist to corner TradeFair into the financial sector, exclusively —a la HedgeStreet.
DEVELOPING… (as Matt Drudge is used to write.)
Previously: Binaries and Spreads: BetFair spins off TradeFair. + Meet David Jack, the managing director of TradeFair. + TradeFair Binaries User Guide – What is Trading? + BetFair’s Global Warming Prediction Markets — CFM’s Views
