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I just remember about The small exchange, and I checked their website, that I hadn't checked for years.
I cannot even load the webpage, does anyone of you traded with them?
Do you have any news about how this Sosnoff projest is doing?
The site works for me… maybe just a temporary issue.
Any how, I’m not quite sure why but they dropped a lot of their products. They had several different equity based products including a broad market, tech centered, canabis centered, and crypto currency centered index future products. Those are all gone.
They also dropped their previous metal and FX currency products.
I haven’t been keeping up with what happened that caused all those products to disappear. I’m not sure if they had some regulatory action, law suit, or they just are trimming their offerings. But all that’s left is crude oil and treasury (2, 10, and 30yr) products. Kinda too bad.
I thought I was missing something....and I was indeed!!
I completely missed this piece of news, apparently "The small exchange" was bought by Crypto.com which didn't care much about the project.
Apparently many market makers started to target retailers all at the same time: CME with micros, the small exchange and many crypto exchanges.... in the same way that sport betting companies started to target gamblers by offering them CFD products.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
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Several of the crypto companies have bought 'DCM' exchanges, I assume with the intention of competing with CME. The ones that jump to mind are FTX buying LedgerX, crypto.com buying Nadex and apparently 'The small exchange' and Coinbase buying FairX