Atlas ATS Partners with National Stock Exchange in Bid for Regulated Bitcoin Trading
Wall Street Journal is reporting a partnership between Atlas ATS and the National Stock Exchange in a bid to regulate its digital currency trading activities.
According to its website, Atlas ATS is "a secure, state-of-the-art exchange platform built by Wall Street veterans for transacting digital currencies". They have reportedly taken a recent focus on high frequency and automated trading. They partnered with Perseus Telecom, which offers low-latency, high bandwidth communications technology geared toward such trading.
The National Stock Exchange facilitates securities trading and is recognized by the Securities and Exchange Commission (SEC) as a self-regulatory organization (SRO). It facilitates but 0.2% of daily trading volumes in the U.S., which are dominated by the New York Stock Exchange and Nasdaq. The exchange was founded in 1885 in Cincinnati and went all-electronic in 1976. For them, it is hoped that the deal will help business pick up.
It has been speculated that such Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term will help them and others following suit to skirt the cumbersome process of obtaining money transfer licenses in all 50 states as required by FinCEN.
Atlas said that it would base its rule book upon SEC-approved rules used by U.S. Stock and Option exchanges. It would also have to adhere to other measures such as record book requirements and accounts segregation. According to Atlas CEO Shawn Sloves, the exchange would become the first to be regulated by a "quasi-government entity."
If the deal goes ahead, it can be the closest Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term or its trading has ever gotten to the realm of regulation. By making inroads into an already regulated body, it would be taking a backdoor approach to attaining this elusive milestone. There have previously been numerous developments in the U.S. and elsewhere hinting in the direction of regulation for digital currencies, such as the registration of Winklevoss Bitcoin Trust with the SEC. However, there has been little concrete progress thus far.
It will be interesting to see the SEC's reaction and if they would potentially strip their SRO recognition from an exchange engaging in products it does not yet recognize. Thus far, the SEC has not commented on the deal.
Wall Street Journal is reporting a partnership between Atlas ATS and the National Stock Exchange in a bid to regulate its digital currency trading activities.
According to its website, Atlas ATS is "a secure, state-of-the-art exchange platform built by Wall Street veterans for transacting digital currencies". They have reportedly taken a recent focus on high frequency and automated trading. They partnered with Perseus Telecom, which offers low-latency, high bandwidth communications technology geared toward such trading.
The National Stock Exchange facilitates securities trading and is recognized by the Securities and Exchange Commission (SEC) as a self-regulatory organization (SRO). It facilitates but 0.2% of daily trading volumes in the U.S., which are dominated by the New York Stock Exchange and Nasdaq. The exchange was founded in 1885 in Cincinnati and went all-electronic in 1976. For them, it is hoped that the deal will help business pick up.
It has been speculated that such Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term will help them and others following suit to skirt the cumbersome process of obtaining money transfer licenses in all 50 states as required by FinCEN.
Atlas said that it would base its rule book upon SEC-approved rules used by U.S. Stock and Option exchanges. It would also have to adhere to other measures such as record book requirements and accounts segregation. According to Atlas CEO Shawn Sloves, the exchange would become the first to be regulated by a "quasi-government entity."
If the deal goes ahead, it can be the closest Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term or its trading has ever gotten to the realm of regulation. By making inroads into an already regulated body, it would be taking a backdoor approach to attaining this elusive milestone. There have previously been numerous developments in the U.S. and elsewhere hinting in the direction of regulation for digital currencies, such as the registration of Winklevoss Bitcoin Trust with the SEC. However, there has been little concrete progress thus far.
It will be interesting to see the SEC's reaction and if they would potentially strip their SRO recognition from an exchange engaging in products it does not yet recognize. Thus far, the SEC has not commented on the deal.