The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
What is a high-frequency trading bot?
High-frequency trading (HFT) is an automated trading platform that large investment banks, hedge funds, and institutional investors employ. It uses powerful computers to transact a large number of orders at extremely high speeds.
Yes I still have some QBT. Have held there for a long time. One day its prince will come! However GST is actually producing revenue. From yesterday RNS:-
Following the Company's soft launch of its GS20 Exchange in November 2022, the soft launch has been successful and the development of the GS20 Exchange has progressed in accordance with GST's expectations, with a wider roll-out now being undertaken. There has been a progressive build-up of signed-up users, and the Company are greatly encouraged by the market traction the GS20 Exchange is enjoying. The GS20 Exchange is generating revenue for the Company via trading commissions at varying levels depending on the type and size of transaction undertaken."
Those figures are conservative imo Magnum. I can readily get a quote to sell 2.5 million shares here. Sellers are truly being mugged here. It is obvious to me what is going on. This is a buy and hold for the long term now.
GST would be a great potential target for any of the large global banks and other players such as BLOCK that want into Crypto, Wallet custody services and borderless payments with a business edge and good presence in far east expanding markets.
The market has currently got this priced totally wrong imo. Just a matter of a little time.
Yes, FigTreeHarry is one that needs listening to imo, a wise sage. He noticed the typo in my post earlier, here it is corrected:-
Right, I have just taken the latest numbers - for the last 24 hours - from the exchange https://gs20.exchange/
BTC £35780 x 473 = 16,923,940 X 0.2% (estimated commission percentage) = $33,847.88 total
ETH $1986 X 5238 = 10,402,668 X 0.2% (estimated commission percentage) = $20,805.336 total
So, this gives us, for the past 24 hours, a total estimated commission of $33847 + $20,805 = $54,653
Per annum, this would be (for both totals) = $54,653 X 365 = $19,948,345
THIS FIGURE ALONE IS ROUGHLY THE CURRENT MARKET CAP!
The P/E ratio should be around 10X, so 10X is approx $200 MILLION to provide a realistic market cap imo.
I have not included XRP, BUSD or COAL in this, or anything for the other pillars here or for any organic growth, which would add more to the total.
I AM VERY HAPPY WITH 10X
There was a typo in that post of mine, now corrected :-
Right, I have just taken the latest numbers - for the last 24 hours - from the exchange https://gs20.exchange/
BTC £35780 x 473 = 16,923,940 X 0.2% (estimated commission percentage) = $33,847.88 total
ETH $1986 X 5238 = 10,402,668 X 0.2% (estimated commission percentage) = $20,805.336 total
So, this gives us, for the past 24 hours, a total estimated commission of $33847 + $20,805 = $54,653
Per annum, this would be (for both totals) = $54,653 X 365 = $19,948,345
THIS FIGURE ALONE IS ROUGHLY THE CURRENT MARKET CAP!
The P/E ratio should be around 10X, so 10X is approx $200 MILLION to provide a realistic market cap imo.
I have not included XRP, BUSD or COAL in this, or anything for the other pillars here or for any organic growth, which would add more to the total.
I AM VERY HAPPY WITH 10X
Right, I have just taken the latest numbers - for the last 24 hours - from the exchange https://gs20.exchange/
BTC £35780 x 473 = 16,923,940 X 0.2% (estimated commission percentage) = $33,847.88 total
ETH $1986 X 5238 = 10,402,668 X 0.2% (estimated commission percentage) = $20,805.336 total
So, this gives us, for the past 24 hours, a total estimated commission of $33847 + $20,805 = $54,653
Per annum, this would be (for both totals) = $54,653 X 365 = $19,948,345
THIS FIGURE ALONE IS ROUGHLY THE CURRENT MARKET CAP!
The P/E ratio should be around 10X, so 10X is approx $200,000 to provide a realistic market cap imo.
I have not included XRP, BUSD or COAL in this, or anything for the other pillars here or for any organic growth, which would add more to the total.
I AM VERY HAPPY WITH 10X
Yes they bought the exchange during crypto winter at a snip. But they have developed it into their own platform, and that was not for free lol. Very good business and indicative of their excellent forward planning at the time imo.
Good price this AM FTH well done, £22m mcap here and the sky is the limit. Check this out for up to date exchange figures: https://gs20.exchange/
This is just on of the pillars here. GLA
GS20 Exchange showing increasing transaction volume is here : https://gs20.exchange/
They seem to be in a hurry to me. Ask yourself why this is? Todays RNS states the following:-
"The date of the General Meeting has been brought forward as the Directors of Ethernity believe that it is in the best interests of the Company to secure the increase in authority to issue shares free of pre-emption rights as soon as possible, to give the Company the best opportunity to exit the ongoing temporary suspension of proceedings ("TSP") process."