Overstock’s tZERO Goes Live with Retail Broker-Dealer Subsidiary

Overstock’s security token Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term today said its retail broker-dealer subsidiary, tZERO Markets, is now open for business and has launched its web application.

tZero’s anticipated retail brokerage services include sales trading, electronic execution, and portfolio execution for buy- and sell-side clients. tZERO Markets, a wholly-owned subsidiary of tZERO, allows the firm to grab the capacity to serve retail traders instead of only accredited investors. Additionally, it provides token issuers with investment banking and placement agent services in connection with capital raising activities.

The launch comes a few weeks after the Financial Industry Regulatory Authority (FINRA) has approved the membership application of tZERO Markets which is also registered with the Securities and Exchange Commission (SEC).

tZERO ATS Onboards Additional Broker-Dealers

tZero has been expanding its headcount as the firm was getting ready to sweeten its broker-dealer arm. tZERO anticipates trading more digital securities but says the addition of new assets have to carefully work through legal and financial due diligence, as well as regulatory matters to ensure that only high-quality assets trade on the tZERO ATS.

Explaining the quiet pace, it further states that while many issuers are intending to trade on the tZERO ATS, they are doing so in conjunction with a new capital raise. As such, the timing for when these new securities trade depends on broader corporate strategies, the speed of the capital raise process, and regulatory considerations.

“This is an important development for tZERO and its growing ecosystem. Now that tZERO Markets is live, it will provide its customers with a superior experience for onboarding and trading digital securities. While the initial release has significant improvements over existing experiences, it will get considerably better in the coming weeks and months ahead,” said tZERO CEO, Saum Noursalehi.

Many Fintech and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term firms have responded to US regulators’ classification of certain digital tokens as securities and therefore coming under the SEC’s supervision. Wall Street’s top watchdog says that ‎any entity that wants to become an ATS needs to register with the SEC as a broker-dealer and become a member of a self-regulating organization, such as ‎FINRA.‎