Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 13 submissions in the queue.

Wall Street Embraces Bitcoin

posted by Dopefish on Thursday March 13 2014, @11:24AM   Printer-friendly
from the and-the-plot-thickens dept.

Fluffeh writes "On Wednesday morning, Perseus Telecom and Atlas jointly launched their new high-speed trading platform for Bitcoin and likely other cryptocurrencies in the future. Perseus is a firm that specializes in high-speed financial data networks, while Atlas is a relative newcomer to the Wall Street scene since starting in 2013.

Perseus has created a division called the Digital Currency Initiative (DCI) to establish standards to support the Bitcoin trading community. The DCI provides access to the Perseus worldwide network with connection to exchanges, risk technology providers and other market participants. Bitcoin trading is now gearing up to the high precision trading standards executed each day by leading market makers, hedge funds and investment banks and by its nature is fully electronic and fast.

Bitcoin industry watchers say that this marks a notable turning point in the digital currency's evolution."

 
This discussion has been archived. No new comments can be posted.
Wall Street Embraces Bitcoin | Log In/Create an Account | Top | 41 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 2) by FuckBeta on Thursday March 13 2014, @04:18PM

    by FuckBeta (1504) on Thursday March 13 2014, @04:18PM (#15947) Homepage

    This is one of the things the market is there for!

    We see a social problem however, when "sucker has too much money" includes your pension fund.

    --
    Quit Slashdot...because Fuck Beta!
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2  

  • (Score: 1) by khallow on Friday March 14 2014, @11:14PM

    by khallow (3766) Subscriber Badge on Friday March 14 2014, @11:14PM (#16680) Journal

    We see a social problem however, when "sucker has too much money" includes your pension fund.

    Put your money somewhere else. Plus, it's not really your money until the checks clear (insert European equivalent). And any gambling provisions here aren't going to catch fund managers.