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How is this going to get around CFTC rules on commodity derivatives markets?
> incorporated under the laws of Lithuania https://www.deribit.com/docs/terms-of-service-and-privacy-po... > hosted in France https://www.deribit.com/docs/ §1.9 Are they even subject to those rules?
Derivative trading is regulated by https://www.lb.lt
Latency in the micro-seconds range is based on network i/o, distance and wiring, not frameworks. Microwaves travel over 30% faster than fiber optic links. Erlang will not affect this part of the equation, however, it should prove to be low-latency, scalable, reliable, and all the other good stuff the Erlang/BEAM/OTP system is good at on the server. Pony lang is looking at competing with Erlang, and to be just as fast…
Should I care if it is erlang-based or basic-based? Why should I use this instead of some of the existing exhanges?
"Under extreme market circumstances Deribit could decide to partially or entirely close winning positions to be able to close loosing positions. This could only occur under extreme circumstances, for example when the market moves more than 10% in a 12 hour time frame." Wait what? I've seen way more than 10%/day volatility on *coin/USD markets often enough. Has anyone else read through the 'tos'? https://www.deribit.c…
Should I care if it is erlang-based or basic-based? Why should I use this instead of some of the existing exhanges?
What other exchanges are there for options and futures?
Crypto Facilities is building a trusted BTC index with CME, so I guess there is interest in crypto derivatives
From their "About us" page[1]. "The exchange is built from the ground up to deliver extreme performance and is built entirely in the programming language Erlang. This gives us big technological advantages being able to handle huge amounts of requests with ultra low latency ( [1] https://www.deribit.com/docs/about-us/
And their API console page took 7.02 seconds (on FIOS connection) to fully load the DOM.
Should I care if it is erlang-based or basic-based? Why should I use this instead of some of the existing exhanges?
What other exchanges are there for options and futures?
The other major players are mostly Chinese. In China, there's OKCoin, BTCC (previously BTC China), 796, and BitVC, as well as a few minor players. In the rest of the world, there's us, CryptoFacilities, Coinpit, and now Deribit.
We've been in contract with the Deribit team since 2014 - they appear to be a solid tech team and they certainly understand the underlying finance.
How is this going to get around CFTC rules on commodity derivatives markets?