Ecex Exchange

in #ico6 years ago


Before I star this article there are some terminologies you need to understand so when m explaining the project you will be able to understand more, some of the terminologies are

  1. An assignment -is the transfer of an individual's rights or property to another person or business. Assignor-The assignee receives the transfer from the assignor. For example, an assignee may received the title to a piece of real estate from an assignor.
  2. Assignee-A person, company or entity who transfers rights they hold to another entity. The assignor transfers to the assignee.
  3. Exchange-A marketplace in which securities, commodities, derivatives and other financial instruments are traded.
  4. Depository-On the simplest level, depository is used to refer to any place where something is deposited for storage or security purposes.
    Trader-trading system -A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for a given equity.
    A trading platform is a software through which investors and traders can open, close and manage market positions.
    Online trading is simply buying and selling assets through a brokerage's internet- based proprietary trading platforms

Today financial services sector’s electronic trading environments do not offer possibilities to trade with claims, invoices and factoring agreements(assignments, receivables). Receivables market is mostly human trading. Electronic trading platforms for receivables, like stock exchanges, do not exist. There are some entrepreneurs and startups, the trading platforms are eBay-like online invoice trading and human-backed excel-based systems. There are no direct connections to investors.
PlanetZiggurat goal is to bring assignments on Ecex.Exchange trading platform. We will fill the gap by creating a market environment, system for active trading platform of assignment agreements. This means changing of owners of a multitude of agreements and documents, such as claims, invoices and factoring agreements etc. The market system will be similar to the stock market – very transparent and fast and it will allow trading claims, invoices from the moment they are being issued until the payment date. Claims, invoices will be traded until the obligations are either met or erased due to bankruptcy or natural end of the issuer. The owner of the invoice or claim can delist his right any moment (and exercise his right to realize their own requirements). As all traders know, all markets function through leading brokerage firms and online brokerage firms. All traders want to be close to possibilities that allow them to make fast decisions and make actions directly, using market data and trading terminals. PlanetZiggurat will spread all relevant trading data to leading brokerage firms and online brokerage firms. We will make arrangements that will get the existing investor community connected to the new assignment market.
Blockchain technology can be used to verify transactions using a third party. There are three tools planned: 1. The trading platform, exchange for claims, invoices and others subjects for assignments (all together assignments)

  1. Exchange information flow through leading brokerage community. PlanetZiggurat will launch a trading platform to show and teach members and clients, and
  2. Blockchain, especially digital signature (https://azure.microsoft.com/enus/solutions/blockchain/)

https://ico.ecex.exchange/
https://ecex.exchange/whitepaper/WhitePaper.pdf
https://bitcointalk.org/index.php?topic=2464508

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