Pat Lavecchia who was formerly the head of private equity at numerous investment houses including Bear Stearns and Credit Suisse, and is the Senate banking committees SME (Subject Matter Expert) on blockchain and digital currencies discussed the advantages of his companies blockchain platform and blockchain trading platforms in general. His companys platform is defined as an ATS (Alternative trading platform), these are SEC regulated electronic trading systems. Pat discussed some well-known examples of these platforms such as ICE (Intercontinental Exchange) which purchased the NYSE (New York Stock Exchange). ICE originally started as a private trading network for electricity and then grew into what it is today. Pat also discussed numerous advantages relating to the instantaneous settlement features of these platforms which would eliminate the ability for unmonitored runups in stocks prices via numerous transactions prior to settlement that allowed the GameStop stock run-up a few years ago.

What is your opinion on Pats assessment of the compliance benefits of utilizing these types of ATS platforms for securities compliance and monitoring? What are your long-term thoughts concerning the adoption of these types of trading platforms relative to the conventional markets? How could these platforms possibly modify your investment analysis outcomes for a security, fund, options, or futures contacts in your own personal opinion? In your own opinion, what potential risk analysis would you make to qualify these potential market focuses? Could these changes effect the viability of the future of traditional global markets for equities, risk factors in international investing, exchange risk, country risk, interest rate parity, or political risk in your own personal opinion?

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