Topic: [CANCELLED] High Frequency Trading Algorithm ETF IPO - page 3. (Read 6091 times)

Quoting as still largely not addressed.

SAYING it's been profitable isn't the same thing as proving it.  Even then you only claimed to have increased BTC by 20% in 4 weeks during a period where BTC fell heavily.

Maybe sort out some demonstration of it actually trading?  Seeing it trade (over Teamviewer or similar) wouldn't give away any details of your algorithms but would at least prove you actually had software that did automatic trading.

How are you going to present financial reports?

To what extent is your capital actually kept BTC denominated?  If you're trading nasdaq etc then that means using USD there.  If only a minority of your holdings are on BTC-E and only part of them are in BTC then it oculd well be that the vast majority of your holdings are actually NOT in BTC - in which case your NAV is going to change more as a result of the BTC/USD exchange-rate moving than from any results of your own trading.  That's why historical results would be good - as they'd allow us to assess the actual effective denomination of what you're offering (that it's sold priced in BTC means nothing of itself if the funds will then largely be converted into USD).

How do you move USD in and out of BTC-E btw?  That's the biggest issue with trying to arbitrage their price vs that on Gox - it's easy to move the BTC in one direction but getting USD in the other is time-consuming/tricky/expensive.

OK. I'm interested.

I've looked at other listed bitcoin share companies and I just don't think that question is relevant. You made up that question on the spot as well as the arbitrary amount of legitimacy it earns. We could do this all day and it won't get anyone anywhere.

How about this, read the prospectus of any ETF trading in NYSE or NASDAQ and tell me in clear numbers how many people are managing that ETF. Then tell me what you would like to see in this one.

Secondly, look at a couple public algorithms on Tradestation and tell me how many developers worked on them, and if that is at all correlated to their performance.

So rather than denying it, you essentially confirm that you're a one man show. Trading algorithm born out of a basement?

How do you expect to get through the btct.co moderation process? (You won't)

I want to list a company, diversify bitcoin listings away from mining, thanks for the "education". You literally put me on ignore within 2 minutes of joining your channel. You are a bigger danger to bitcoin commerce than any of the potential companies you blacklist and discredit within 120 seconds.

If you want to be a defacto regulatory, at least come up with sensible regulations.

Also a red herring, BTCT.CO 's dividend distribution for every company listed is run by one person.

I would be surprised if STS Ltd had more than one employee.

Its SEO ambiguous, as google isn't a need or a consideration nor does it contain the target audience in a company like this.

The algorithms are property of STS Ltd, and that is pretty much the entire extent the company has in this endeavor. The algorithms exist and they function, so how does investigating secretary of state filings help anyone? I mentioned the company name solely so you guys could google it but the direction of the investigation seems to have turned into a complete red herring for everyone now.

The share distribution is a solely related to the listing of and the profits of the HFT algorithm. As far as company hierarchy is concerned, this will be a division that can be spunoff.

This guy is a nobody and doesn't want to learn apparently. Move along.

As someone who's interested in diversifying my Bitcoin holdings away from mining companies, I am very interested.

However I am also skeptical.

A google search for  "state trading society ltd" has this thread as its first result, and the rest of the first page is irrelevant.   Putting quotes around the "state trading society" bit confirms that a company of that name actually exists, but nothing more.

So, if you are an entity that has been created purely to list on btct.co and trade bitcoin, whose IP (algos) are you using, and where is the "proof" that these algos are real and work (and that you have the rights to use them)?  And if STS Ltd  is an entity that actually trades BATS, EDGE etc, then where is the "proof"?

On a totally different note, quarterly dividends is a lifetime in Bitcoin land (it's a cliche, I know, but it's true).

You mention your plan to

I hope by that what you really mean is that you intend to hedge USD volatility.   This is a bitcoin-based investment in a bitcoin-based trading fund - all profits should be measured in bitcoin.  (that's probably what you meant, however the sentence to me could be read either way).

Given the significant price differentials between the exchanges (I've seen $10 differences between btc-e and mtgox at times), I am hoping that cross-exchange arbitrage is one of your plans.

I have high hopes - if you get this right, the possibilities are huge.

Its a bit time consuming and tedious actually as none of the critics have even asked about the business plan or commented about the ample disclosures I posted.

Zero other traded companies in this forum have listed these things that I think make a public company more legitimate, although mine does and these are things that publicly traded American companies disclose.

My impression, at this point, is that this community does not know how to vet anything except mining companies, and a couple of gambling websites. Just from taking a cursory look at other threads on the securities subforum, and taking a cursory look at the companies that have been approved for listing on the exchanges. I'll be available to address further criticism for a limited time to further understand this community, but this process has already put a bad taste in my mouth and I think there should be a real discussion on how to attract commerce and wealth generation in bitcoin and cryptocurrencies.

This has been posted now but what would you like to see?

Funds do not traditionally need much of a web presence, especially not proprietary algorithms. And are there any traditions in bitcoin funds that have materialized over the last 8 months? is bitcoin-otc the best the community has, because that place is completely irrelevant to STS ltd operations.

I think I will post the letter from the Secretary of State where it is registered, but maybe this community has other things in mind.

The algorithm has several subroutines.

It actually does HFT at bid and ask judging latency and distance to exchanges where possible, as well as pair trades between correlated assets, amongst others things.

Although this algorithm can seek to engage in several orders within milliseconds, the exact interval or definition of HFT is ambiguous, as it is inaccessible to most people. Therefore people will be interested in any profitable trading algorithm.

spend literally two more seconds on google and you can see it is older than 9 months, but continue with your expert detective work. The HFT algorithm shares are not shares or membership interests of STS Ltd. Regardless, share ownership will be the vehicle used to realize profits.

This was very helpful thanks


yeah so far I have been discouraged by the lack of a "roadshow" that IPOs on real world exchanges go through as part of the process, any opinions about the contents of the IPO are usually made in private by bankers and investors and the IPO packaging is refined. Here I have to post on a forum and thats it.

yeah both the companies wanting to get listed as well as the listing exchanges get "hazed", this is pretty funny, although time consuming, but probably due to the follies of previous companies

STS Ltd engages in algorithmic trading, software development by the nature of algorithm development, and derivatives research

I love the drama here in the securities section.

The hazing is more a forum thing.  We expect forum discussion (Q&A) as part of the approval process.  We realize not everyone can be a pro, so we lean heavily on the pros in the forums asking the hard questions.  This thread is a good example.  It's not always pleasant, but if your business plan is a good one it'll stand up just fine.

Responding to moderators is easy, you just post a response in your thread.  Most, if not all of the mods read the threads.

Not wanting to side-track this thread more than that I'll just add that Usagi has definitely seen more scrutiny than others due to various ongoing controversies.

Feel free to PM me or post any questions you might have about the process.

Cheers.

The level of lol is too high even for a see here link.

It's an interesting proposal, but you should be aware that getting listed on BTC-TC is not guaranteed. Assets listed on BTC-TC (and litecoin global) have to pass moderator approval before trading. The process is a bit like getting hazed. Quite a few businesses are given a hard time listing, often for no reason. And a lot of scams get pushed through because the moderators don't really know what they're doing and there's no quality control. One of the big problems is there's no real way to answer a moderator's comment. Many moderators vote anonymously, and leave ridiculous or even defamatory comments in their votes. Moderators will often downvote you for something they just voted YES on in another asset. There's no way to complain, and there's no way to strive to meet some minimum standard, because there is no standard. The way you get listed is to be friendly with the mods. In practice it's the only way to get listed there. You can get listed even without providing any contact details or even a real contract, so long as you know the right people.

It's a bit of a crap shoot actually, but I say go for it and don't listen to anyone who tries to discourage you.

(Keep in mind this could be sour grapes on my part -- my own business, SILVER, has 12 downvotes and can't get listed despite being in profitable operation for four months.   )