Etheavour development Report — 07.11.2017

Specification of the Etheavour Prototype

We have already started working on the first prototype of the trading platform. The only product traded will be a synthetic S&P500 Mini Future. It should enable the user to enter limit and market orders, but limited in size to 1 contract. A limit order has a fixed price. The price of a market order is variable, which is the price of the next-best limit order from the orderbook.

There will be no market making or hedging strategy implemented yet.

The prototype consist of the trading interface, the wallet management incl. blockchain interface on client side and automated matching orders and orderbook management on serverside. On the blockchain we are working on the smart deposit and smart trading contracts.

Expected date to finish is 03.12.2017 — just before our pre-ico starts.