First Meeting with Guillermo Zamarripa
The thesis proposal focuses on the implementation of blockchain technology in the structure of the Mexican financial market. It proposes to evaluate whether this implementation is viable in cost-benefit terms and whether it would be possible to change the current market microstructure. Among the aspects to consider are immediacy, clearing houses, central counterparties, the order of stock sales by brokerage firms, and HFT algorithms. The difference between contract execution and smart contracts is also highlighted. Additionally, it proposes to evaluate whether the BMV could migrate to a decentralized platform. In summary, the thesis focuses on analyzing the microstructure of the Mexican financial market and evaluating whether it makes sense to change it through the implementation of blockchain technology.
This meeting gave rise to the formal proposals documented in Decentralized Financial Markets v.0 and Decentralized Financial Markets v.1, as well as the main research Smart Financial Contracts.
Raw Notes
Immediacy (?)
The cost-benefit justifies changing platforms (?)
Clearing houses, central counterparty
There is a stock selling order that brokerage firms follow
HFT type of algorithms
Does it make sense to change the microstructure of securities markets
Contract execution ≠ smart contracts
Evaluate whether a system like BMV can move to a decentralized platform
Market microstructure
Lay out how Mexico operates and see if in cost-benefit terms it makes sense to decentralize using Blockchain
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Thesis characteristics (model or not, etc.)
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See if it seems interesting