New [Sports] Trading Technology
Betting Exchange Technologies Ltd. launches a new full service software solution provider BetXTech.
The Company has already developed the X-Connect™ product, a web based software application that provides operators the ability to manage their own margin-based, no-risk Sportsbook by integrating into todays market leading betting exchange platforms providing instant liquidity, and a hedge mechanism to manage liabilities. As of Q2 2006, the company will be deploying a standalone version of this product and establishing a new betting exchange site branded for licensee Nepal Recreation Centres, the six chain casino monopoly based in Kathmandu, Nepal.
Defacto Sports Trading Workstation is the Next Generation Betfair Interface
SportingLOT is developing a unique range of value added services for the on-line sports betting industry. Using LOT technology we are implemented the world’s most advanced Electronic Communications Network (The Sports Trading Network) designed specifically for real time aggregation, value added re-distribution and transaction processing of sporting odds quotations and associated bets.
The Sports Trading Network (STN) provides Punters and Sports Traders with access to all participating Betting Exchanges and On-line Bookmakers through one single interface – The Sports Trading Workstation (STW). Serving all participants within this industry the Sports Trading Network provides a common platform that can be used by Betting Exchanges, Online Bookmakers and their collective base of users to develop and accessing liquidity in a manner not previously possible.
or how about:
MarketFeeder Pro is a software package for BetFair traders that allows them monitor markets, make and cancel bets on the spot, save historical data and maintain triggered (conditional) betting. MarketFeeder Pro is now based on BetFair API. Therefore it is an application licensed by BetFair and is given only to users that are authorized by BetFair to access their API. Registration of your username in the list of BetFair API users is FREE and doesn’t cost you anything since you are going to be a customer of WellDone Software.
Or see the Betfair API Solutions Directory…
In the descriptions above replace: betting with trading, sportsbook with orderbook, betting exchange with financial exchange, sporting odds with prices or quotes, Betfair with the name of any stock exchange or ECN…and you wouldn’t be able to tell the difference from a typical discussion of electronic and algorithmic trading tools and order management systems in the financial markets.
Industry experts predict that across Europe betting exchanges by 2008 will match bets totaling USD 159 billion. Based on their current (2004) volume of USD 16 billion, this would mean a CAGR of 79%.
The International Swaps and Derivatives Association publishes annual data on the growth of financial derivatives markets. For interest rate and currency swaps, their survey indicates a market that has grown from $865 billion of outstanding notional in 1987 to $183,583 billion in 2004, a CAGR of 35%. Credit derivatives - a more recent phenomenon - have grown from $919 billion in 2001 to $8,422 billion in 2004, a CAGR of 74%.
If the sports market continues to grow at 35-75% rate post 2008, you would be looking at a potential market size between $1,000 and $5,000 billion by 2014.
