Non-Zero Set to Leverage Blockchain Technology to Improve the Forex Markets Ecosystem


Non-Zero Set to Leverage Blockchain Technology to Improve the Forex Markets Ecosystem

Forex markets are the most vibrant and deep in today’s economies with trades all over the world recording roughly $5 trillion on a daily basis. For those who have interacted with these markets, one has probably come across the different type of brokers. As it stands, the 3 identified types within the FX market are ECNs, STPs and the Market Makers. The difference between the three is in how the dealings/orders are filed by the broker.

Dealing Desk brokers or the Market Makers (MM) view themselves as the market hence will not quote orders as per market prices. They have often been regarded to trade against market investors according to various thought approaches. However, it will not always be the case as MM use hybrid books to match orders between themselves & their consumers.

On the other hand, the ECN/STP type brokers give clients the opportunity to directly quote their orders based on market prevailing prices. Their revenue is generated from the spread that deviates from the quote value as a mark-up. There are also hybrid brokers whose operations lie between MM and the ECN models. At times, the broker allows client to quote from market prices while sometimes they won’t.

Finance Magnates Intelligence Department conducted a survey to categorize the players within the FX markets according to preferred brokers. The survey found that 28% are clueless on the difference, 16% prefer MM’s while the majority 45% opted for STP’s. It was noteworthy that users opted for brokers whose interests are somehow aligned to those of the clients.

The Non-Zero Platform

Karim Farra & Ziad Aboujaeb came together to develop the Non-Zero network to improve Market Markers prospects through a good reputation. The platform will ensure a fair redistribution of gains from the markets to meet both the broker’s & client’s expectations in case of margins. The project enjoys a backing from an experienced team whose tech expertise is vast in addition to its financial technique capabilities. Non-Zero aims to bring a revolution in the Contracts for Difference & FX arena.

At the moment, the Non-Zero product development team has set a standard to design the newest & most efficient feature in catering for the MM entities and protecting shareholder & users interests. The redistribution technique creates a situation where both market participants; client & broker feel content with their allocated share. The middleman gets to acquire loyal consumers whom are being rewarded for active market engagement.

Non-Zero is developed on the famous Ethereum network; its Native token ‘NZO’ powers the network to leverage ETH’s low costs, immutability and transparency. In other words, a Market broker can use the platform for profit redistribution based on the linked address.

The tokens acquired by the clients can then be stored or used within the NZO blockchain network. Users will also have the flexibility of exchanging these altcoins for other digital assets within the established laws.

The project enjoys a significant community support since it was announced. Multiple Interests on how this network will leverage the blockchain technology has attracted a couple strategic partners for Non-Zero.

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