SIX Swiss Exchange May Issue Own Token

Thomas Zeeb, company's executive, believes token may replace share one day
07 May 2019   352

The largest Swiss stock exchange, SIX Swiss Exchange, will launch its own platform for trading digital assets with a native token and the initial digital offer (IDO) service in 2020. This was stated by one of the organization’s top managers, Thomas Zeeb, in an interview with Finews.

According to him, a number of companies that intend to launch tokenized tools like traditional securities, private shares or funds have already reached SIX. In this regard, the exchange is seriously considering the possibility of creating its token as a platform for such initiatives.

At the same time, IDO will have to fully comply with the standards of the initial public offering (IPO).

Ultimately we want to be able to tokenize existing securities – equities, fixed income, funds. Maybe the token will eventually replace the share one day.

Thomas Zeeb

Top executive, SIX

Also, SIX is not considering adding bitcoin and other cryptocurrencies to its future platform due to legal uncertainty and regulatory risks.

Testing SIX Digital Exchange (SDX), which has already been spent on the creation of more than $ 10 million, should be completed in late summer.

Recall that on SIX already traded exchange products (ETP) based on Bitcoin, Ethereum and XRP.

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   977

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.