greenmark wrote: ↑Fri Apr 02, 2021 2:50 pm
Good point. Also strikes me that exposing your functionality to fee paying customers is rather different than exposing functionality to the internet.
The structure is a bit different too, BF do the whole 9 yards from gathering event data to matching. The financial world has a much more devovled structure and each particpant doesn't have
that much to do. Data gathering and discemination, clearing houses, custody, settlement, liquidity pools etc etc are all done by different (mutilple) companies. It sounds like a weaker chain but it keeps things simple and allows for everyone to have alternative arrangements with different providers in the event of a problem. Being a bigger industry there's been more opportunity for these specialist companies to crop up and of course nobody misses a chance to skim off a pound or two in fees at each stage of the process when the turnover is so high. If the sports exchanges turned over multi-billions there'd be 10 companies offering matching services and BF could unload some of the burden and have failsafes, but it isn't so they plough a lonely furrow.