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	<title>Midas Oracle .ORG &#187; Betfair director</title>
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		<title>Because the BetFair trading engine handles a huge number of small bets, they had to lower its cost per transaction.</title>
		<link>http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/</link>
		<comments>http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comments</comments>
		<pubDate>Thu, 22 Nov 2007 18:12:27 +0000</pubDate>
		<dc:creator>Chris F. Masse</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Exchanges & Markets]]></category>
		<category><![CDATA[Market Liquidity]]></category>
		<category><![CDATA[Advanced Technology Group]]></category>
		<category><![CDATA[BetFair]]></category>
		<category><![CDATA[Betfair director]]></category>
		<category><![CDATA[director of architecture and advanced technology]]></category>
		<category><![CDATA[Director of the 
Advanced Technology Group]]></category>
		<category><![CDATA[event derivative markets]]></category>
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		<guid isPermaLink="false">http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/</guid>
		<description><![CDATA[Matt Carter (Director of the Advanced Technology Group at BetFair), interviewed by Silicon: Matt Carter, Betfair director of architecture and advanced technology, explained to silicon.com customer trends are moving towards a high volume of small-value bets, which, in turn, produce &#8230; <a href="http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.linkedin.com/pub/1/83/8a2" title="Matt Carter">Matt Carter</a> (Director of the <a href="http://www.midasoracle.org/2007/11/06/the-betfair-tradefair-executives-do-foster-a-culture-of-innovation/" title="The BetFair-TradeFair executives do foster a culture of innovation.">Advanced Technology Group</a> at BetFair), <a href="http://www.silicon.com/retailandleisure/0,3800011842,39169164,00.htm?r=1" title="Betfair betting engine goes supersonic">interviewed by Silicon</a>:</p>
<blockquote><p>Matt Carter, Betfair director of architecture and advanced technology, explained to silicon.com customer trends are <strong>moving towards a high volume of small-value bets, which, in turn, produce small-value commissions.</strong> He said the only solution was to develop <strong><em>a system that could process exponentially more transactions for a lower cost than traditional betting engines</em></strong>. [Matt] Carter said: &#8220;It wasn&#8217;t a case of whether we needed to do this, <em>we have to do it</em>. It&#8217;s a question of <em>survivability</em>.&#8221;</p></blockquote>
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