[R-SIG-Finance] ANNOUNCEMENT: Worlds' First Open Source Futures Exchange

[Krishna]

I have some Zambian kwacha and facebook credits that I am more than  
happy to contribute.
I would néed a blank cheque from you so that I can send it your way.



On Apr 1, 2011, at 4:52 PM, "Paul Teetor" <paulteetor at yahoo.com> wrote:

> To the R Finance Community:
>
> I have some exciting news. I am announcing the formation of the  
> worlds'
> first futures exchange built entirely on open source software, pending
> regulatory approval.
>
> As modern exchanges become all-electronic, the cost of sofware has  
> driven up
> exchange fees. We can end that by creating an exchange built on free
> software. That will lower transaction costs, creating a market place  
> where
> anyone can trade inexpensively. By publishing the key software  
> components,
> we hope to encourage the formation of other, new futures exchanges,
> literally around the globe; or, for that matter, in your basement.
>
> The initial implementation will be written in R and LISP. Volunteers  
> are
> needed immediately to begin the important work of coding the system  
> before
> core team members can iron out the specifications.
>
> A large, Chicago-based futures exchange has tentatively agreed to  
> provide
> the necessary server farm, although no public announcement is  
> available at
> this time. A highly-placed exchange official, wishing to remain  
> anonymous
> for obvious reasons, says, "Many of us at [the exchange] are sick  
> and tired
> of running a for-profit corporation. We long for the good old days  
> when the
> exchange existed solely for the public good, not just for the  
> benefit of
> some greedy bastards in Chicago. This is our way of giving back to the
> community."
>
> Initial products will include futures on the most under-served  
> segments of
> the commodity markets, including fuel oil for delivery in Cushing,  
> Oklahoma
> (symbol: FOO), West Texas fuel oil (WTF), and natural fertilizer (BS).
>
> The new exchange is tentatively named the Fully Open On-Line  
> Exchange. Our
> schedule is ambitious, but we hope to be fully operational one year  
> from now
> on April 1.
>
> Please consider supporting this important project. I'll be accepting  
> cash
> donations very soon. Thank you.
>
> Paul Teetor
> Elgin, IL   USA
> http://www.linkedin.com/in/paulteetor
>
> "For quant traders, there are no bad days in the market. It's just  
> more
> data."
>
>
>    [[alternative HTML version deleted]]
>
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