Upstream, a MERJ Exchange market, is making progress toward its goal of adding transparency in capital markets using blockchain technology with the unveiling of its transparent orderbooks. The company believes that blockchain technology offers the ability to bring unprecedented transparency to trading, and the new orderbooks provide next-generation features that can create a positive, more equitable trading market for both issuers and their shareholders. A key differentiator between Upstream and other markets, the transparent orderbook provides a platform so that the best bids and offers are available for everyone to see from an immutable, blockchain-enforced orderbook. Traditional orderbooks present several challenges, including market makers being in charge, secretive stock lending, 0% trading being a fallacy and naked short selling, which by law is only allowed to be done by market makers. “As a blockchain-powered market, Upstream has a transparent blockchain-backed order book that provides transparency and immutability, meaning that all transactions and orders are recorded on a ledger that is publicly accessible and cannot be altered,” the company stated in the article. “This reduces the risk of market manipulation and abuse, as all market participants have access to the same information about market activity and liquidity. Our transparent order book leverages Ethereum smart contract technology, which allows for the automation of trading and settlement processes based on pre-defined rules and conditions. It also facilitates decentralized trading and asset exchange, which means that traders and investors can exchange assets directly with each other without the need for a central authority or intermediary.”
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About Upstream
Upstream, a MERJ Exchange market, is uniquely positioned to provide the equity crowdfunding market with a next-generation secondary trading venue. Upstream is a blockchain-powered market offering digital-first investors direct access to equities from all over the world with digital currency, credit, debit, PayPal and fiat. The exchange market keeps the values of equity crowdfunding in place with accessibility, transparency, and community engagement opportunities such as digital coupon NFTs and other Web3 perks. For more information about the company, visit www.Upstream.Exchange.
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