The prices flickering on your computer screen do not tell you the whole story of what is happening in the market. Far from it. It is just a very small tip of the iceberg. It often is what you do not see that will hurt you.
If your analysis is only based on the small available final prints of the filled trades, you have been missing 90% of the whole story of the market. Let’s look below the tip of the iceberg!
Recording all orders sent, not only the small fraction of executed orders. Every time an order is sent, it records its wallet address, time (accurate to a nanosecond), quantity, price, instrument, account/wallet ID, exchange(s) it was sent to.
Front-running is the prohibited practice of entering into an order to capitalize on an advance, nonpublic knowledge of a large pending transaction that will influence the price of the underlying security. This is considered a form of market manipulation in many markets.
Every Trade on An Immutable Distributed Public Ledger
PoET records all transactions occurred on the network on an immutable public ledger. Every time an order is executed, it records its wallet address, time (accurate to a nanosecond), quantity, price, instrument, account/wallet ID, and exchange(s).
The market is often manipulated by the unfilled orders.
As regulation in the traditional financial markets is tightening the control of various market manipulations, IOB proposes a DLT solution to record every price and order enquiry ever sent – whether filled or not – and every trade ever executed on an immutable distributed public ledger, the IOB Proof of Enquiries & Trades (PoET) protocol.