Latest Update on ASMX Progress!!

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22/11/19 – So we now have the latest interface including the new ‘trade ticket’, this video showcases that. One of the things that is not on the video is the automated price restriction.  Loans, unlike equity for example, are self-liquidating meaning they are paid back at term, or in the case of asset backed transactions are paid, partially or fully,  upon liquidation of assets if there is a default. This means that there is a finite amount of yield / interest to be received. The automated price restriction calculates what the remaining yield is and restricts the trading price so there can’t be an inbuilt loss. I.e if there is only 4% of yield left then the loan could not be offered for sale above that. We will be building in a minimum yield value, i.e a minimum return on a particular purchase of a loan.

16/09/19 – Above is the latest release of ASMX. This short video shows an auto trading function buying and selling across the market with all trades being settled on the blockchain at super quick speed. The auto trader will be available for lenders to use on the market but for now it is being used to test concurrency and trading volumes. The devs have created up to 1,000 concurrent trades with no issues.

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