I haven't done any kind of research into how to create an exchange, but I came across some info that could be useful to somebody who wants to. This article about software completion bonds for open source software gives a suggestion for hwo to create the bond trading exchange. http://www.openknowledge.org/writing/open-source/scb/ Quote: Technically, there are several software platforms which could be used to create the market. I'm biased toward the ArsDigita Community System. It's an open source (GPL) toolkit designed and maintained by the 250+ software engineers at ArsDigita. Extensive documentation is freely available online, and several universities (MIT, Stanford, Caltech, Carnegie Mellon, among others) train students to build web sites using the ACS. ArsDigita also offers free 1 - 3 week training courses almost every month, at one of number of locations in the U.S. and internationally. Although ACS "Classic" (the primary version supported by ArsDigita) is built on top of the proprietary Oracle database, it has been ported to PostgreSQL by the OpenACS team. Finally, the ACS has already been used to create a working bond market, (www.muniversal.com), a web site for municipal bond traders. End Quote Here is arsdigita's case study about the muniversal exchange: http://www.arsdigita.com/customers/casestudies/muniversal090700.adp Ideally, the exchange should allow trading not just of e-gold vs. dollars, but should allow trading of the various e-metals, standard reserve's currency, goldmoney's gold grams, and perhaps a few major fiat currencies besides dollars. The exchange should probably be located offshore in some country that doesn't regulate exchanges, so as not to have to deal with the CFTC. One thing that occured to me is that if an exchange allows trading the various gold based currencies against each other, it will defeat artificial obstacles that the issuers set up against redemption. For instance, standard reserve charges a 1.5% fee to convert their currency to e-gold, but nothing to convert from e-gold to their currency. If their currency were traded against e-gold on an exchange, it would trade at a discount to e-gold. Nobody would transfer directly to or from standard reserve's website, they would use the exchange. If somebody wanted to convert from e-gold to standard reserve, they could find somebody else who wants to convert from standard reserve to e-gold. Buyer and seller could meet in the middle, with the standard reserve converting to e-gold with a .75% discount instead of 1.5%, and the person moving e-gold into standard reserve getting .75% more than if they transfered their e-gold directly to standard reserve. Bypassing artificial barriers to redemption will keep all of these organizations more honest. ~ Vincent http://two-cents-worth.com/?263239&[EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
