We're not trading NYSE stocks--that's out of reach right now. It's an Alternative Trading System (ATS). I envision trading less-regulated things like forex, futures, and the like. I also want to make it a place for innovation, where people like you and me can list ideas, and to connect innovators and investors. Example: You have figured out how to create a teleporter--just like Star Trek. It's going to put the airlines out of business. You need funding to make this happen. It's simple: open an account at the Ritchie Stock Exchange, pick a ticker symbol, and list it. Let the investors decide if they like it.
If I was you I would be very careful with some of those statements you made on your website, even if its just meant in a comical sense. Richie's Gold ETF? Wow, this can be very easily misconstrued or are you fully regulated to market such? Again, I think you meant that website as a joke and take it in such spirit, just saying that it may be misunderstood by some others.
Yeah, so, you're right about this. Another (licensed) friend just rang my bell and gave me the same lecture--but he was a little more "friendly" than you, if you know what I mean. I changed the language on the site. As time goes on, please let me know if you see anything else that might get me the wrong kind of attention. Thank you.
"I am writing anonymously because I am afraid of retaliation from the employees and management of NYSE..." https://www.sec.gov/comments/sr-ctacq-2017-02/ctacq201702-150288.htm
The issues outlined in the Bloomberg letter were, collectively, a primary motivation for creating the Ritchie Stock Exchange. Instead of complaining about the issue (the SEC knew the ramifications before this was introduced) I propose a disruptive technology based on The Open Source Way. Ritchie is a disruptive technology aimed at the heart of the matter: leveling the playing field by removing positions of privilege and paywalls. It is an ideological pushback on the non-display business model. Instead of creating a barrier to entry for algorithmic trading, Ritchie removes barriers. It is open-source, open-book, and no non-display fees. The goal is to create an environment where the best ideas--and best quantitative algorithms--win; not those with the deepest pockets. A meritocracy; what a "fair and equitable" stock exchange should be. It's not the algorithmic trading that's "evil," its the ability of all market participants to engage in it fairly! The best (only?) way to truly counter a cartel/monopoly is to introduce competition.