FX Trading Interview with Rosario M. Ingargiola, Founder and CEO of OTC Exchange Network (OTCXN); @OTCXN
FX Trading Interview with Rosario M. Ingargiola,
Founder and CEO of OTC Exchange Network (OTCXN); @OTCXN
“We
think basically all assets, whether that’s equities or fixed income, long term
will be issued digitally on blockchains and there will be digital equivalents
of many commodities.”
Point Roberts, WA -
November 16, 2017- Investorideas.com, a global news source covering leading
sectors including bitcoin and blockchain releases an exclusive podcast
interview with Rosario M. Ingargiola, Founder and CEO of OTC Exchange Network
(OTCXN) http://www.otcxn.com/.
Listen
to podcast with Rosario M. Ingargiola, Founder and CEO of OTC Exchange Network:
Rosario says that his company has created a
system that anticipates the future of the marketplace. “We basically believe
that what we’ve developed is a completely new market model that is really the
future of all markets going forward,” he said.
OTCXN provides infrastructure for
blockchain-based electronic trading. According to Ingargiola, this
infrastructure enables a democratization of trade which the company will apply
to many markets.
“What we’ve developed on top of all that
infrastructure is a peer-to-peer trading network that makes it possible for
anyone to trade basically anything with anybody else,” he said. “It’s unique
because it’s the first provable end-to-end trading infrastructure that’s ever
been created. We’re starting with the Spot FX markets and the cryptocurrency
markets, as well as digital assets and ultimately fixed incomes and other
derivatives and so forth that we can trade on this platform.”
Ingargiola contrasted traditional ways of
trading with OTCXN’s model.
“In a typical environment, if you’re
thinking about institutional FX trading for example, normally people can only
access wholesale liquidity by establishing prime brokerage relationships with
major tier 1 banks that perform that service, which means very large balance
sheet requirements and lengthy credit underwriting process and so forth,” he
said. “In our system, the way we make it possible for people to face each other
is through technology. We provide software to custodians, so banks that want to
join our network can perform this custodial role. They operate software that we
provide for them that’s effectively hosted by us, if they want us to and has a
web-based user interface on it and it lets them issue tokens onto the network
that are backed by cash in a client’s account.”
Ingargiola talked about the importance of
the expertise of the OTCXN team and the contributions of the company’s CTO,
Drew Rasmussen.
“We had to build something that was
completely architected from the ground up with high frequency trade in mind,”
he said. “Everybody on the team has quite extensive careers and track records
in their respective areas.”
“Drew (Rasmussen), our CTO, he’s the other
half of our core competency,” he said. “My core competency is building institutional
grade exchanges and Drew’s core competency is architecting and building ground
up custom blockchain implementations and he has done that for a number of tier
1 firms.” (Previously Drew was Director of Software Development at PeerNova, a
Silicon Valley Blockchain firm, where he led the development of proprietary Blockchain
implementations for major Tier-1 institutions such as NASDAQ, State Street and
Overstock.com (NASDAQ: OSTK) , whose T0 platform is currently the first and
only non-cryptocurrency based trading platform in production in the world based
on Blockchain technology.)
“So he was very well suited to come in and
build this custom implementation that we’ve developed,” he said.
Ingargiola said that the future of markets
will be heavily changed by blockchain technology and the digitalization of
trade.
“We think basically all assets, whether that’s equities or fixed income, long term will be issued digitally on blockchains and there will be digital equivalents of many commodities,” he said. “To me this is going to be bigger than the internet in terms of the transformation it can have over so many different industries.”
“We think basically all assets, whether that’s equities or fixed income, long term will be issued digitally on blockchains and there will be digital equivalents of many commodities,” he said. “To me this is going to be bigger than the internet in terms of the transformation it can have over so many different industries.”
Podcast
interview by Samuel Mowers of Investorideas.com
For more information on bitcoin and
blockchain stocks and investing in the sector visit:
The Investorideas.com podcasts are also
available on iTunes, Tunein, Stitcher, Spreaker.com, iHeart.com and Google Play
Music.
Subscribe
to Investorideas.com Podcast RSS:
About
OTCXN
OTC Exchange Network (“OTCXN”) solves the
biggest problems in the largest markets using proprietary Blockchain
technologies developed from the ground-up for high-performance enterprise
applications. OTCXN reduces risk, cost,
friction, and eliminates the need for traditional intermediaries by
democratizing market access through the first and only P2P network supporting
the trade-to-settlement lifecycle for institutional FX trading. For more information, visit www.otcxn.com
or follow us on Twitter: @OTCXN.
About Investorideas.com - News that
Inspires Big Ideas
www.Investorideas.com is a
meeting place for global investors, featuring news, stock directories, video, podcasts,
company profiles, interviews and more in leading sectors. Sectors we cover
include tech (AI, drones, internet of things), payments, crypto and blockchain, biotech, mining,
energy, renewable energy, water, marijuana and hemp stocks, food and beverage,
defense and security (biometrics/cyber), Latin America, sports, entertainment,
luxury brands and gaming.
Investorideas.com features content for Bitcoin, Blockchain and
Digital Currency Stocks and ICO’s at Cryptocurrencyinvestorideas.com and Investorideas.com
Join our LinkedIn Group
Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced
news, articles and equity research as well as creates original content,
including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investment involves risk and
possible loss of investment. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact each company directly regarding content and press release questions.
Disclosure is posted for each compensated news release, content published
/created if required but otherwise the news was not compensated for and was
published for the sole interest of our readers and followers. More disclaimer
info: http://www.investorideas.com/About/Disclaimer.asp.
Contact
Investorideas.com
800-665-0411
Comments
Post a Comment