Info Tech: Ecex.Exchange - Electronic Claims Exchange

Exchanges were the locations where buyers and sellers met and negotiated. Our platform are between the creditor and the debtor, but they buy and sell contracts in a very similar way. Ecex.Exchange provides a trading platform with listings of instruments (claims, loan agreements) and bid/ask possibilities and all the means and steps to complete transactions the way the contracting parties agreed,Visit https://ico.ecex.exchange/

Purpose
PlanetZiggurat goal is to bring all assignments on Ecex.Exchange Trading Platform.

Technical Solution, Software, and Hardware

1. For Securities Registry and Depository functions, we plan to use Depend, developed by Percival Software Ltd. (http://www.percival.co.uk/). This company has been in the Depository and Exchange business since 1986. They have many international clients from Royal Bank of Canada (RBC Trust (Trinidad & Tobago) to Nasdaq-OMX. They have integration with several systems like T2S, Swift, Crest etc.

2. The Trading platform is planned to be developed. Percival is the primary choice. It will also guarantee maximal compatibility with the Depository.

3. Additional development is planned to integrate the Trading Platform and the Depository with external signing authority like blockchain.

4. Depending on further developments, there will be the need for some or all:
- Integration with external payment systems
- Integration with external systems to exchange info, e.g. brokerages
- Web-interface to online trading
- Mobile applications

5. Web,
In the first stage, the software can be set up on some hosting or Azure. Next stages will need proper analysis and decisions how do set up hardware solution. The core system is in rapidly developing Microsoft dot.net framework. It ensures corporate support in future.

Core system diagram

What problem does PlanetZiggurat solve?

Receivables market is today mostly human trading. PlanetZiggurat goal is to bring all assignments on Ecex.Exchange Trading Platform.

Unique Selling Proposition?

Electronic trading platform for assignments, like stock exchanges, do not exist today. There are some entrepreneurs and startups, but trading systems are eBay-like online invoice trading and human-backed excel-based systems. There are no direct connections to investors,Visit https://ecex.exchange/whitepaper/WhitePaper.pdf

Total Addressable Market size, how big % are we aiming at and in how many years?

Ecex.Exchange Trading Platform for assignments, receivables developed in perpetuity.

Market and Financials

Indirect Market Indicators

1. The trading ecosystem is growing. For example, Interactive Brokers accounts number increased from 97 K in 2008 to 385 K in 2016 and the volume increased from 2.3 B shares to 12.3 B shares.

2. It is a matter of time when fintech will tear apart companies’ balance sheets and will offer different financial opportunities. Receivables are already in focus of three startups: arex.io, marketinvoice.com and theinvoicemarket.com.au. All three are dealing with invoice financing and developing new approaches.

3. The development of technology will lead us to automatization and in some point financial ecosystem needs solutions for fast realization of claims, invoices and factoring agreements.

4. Baltics: Distressed claims are usually sold at auctions, which sellers hold yearly, quarterly or monthly. Sizes of portfolios vary from thousands to several million. PlanetZiggurat estimates the market size to be nearly 100 million EUR, measured as the total value of the claims sold. Distressed claims are the first target for testing our systems.

5. Lending clubs and others alternative finance companies in some ways trade claims and consumers, investors are already aware and confident about the claim market.

6. Liquidx, auction-based marketplace provides a transparent platform for financial assets. This means that bigger institutions are already dealing in the claim market through marketplaces.

Financial Projections

PlanetZiggurat is aiming for 1 million trades per day by the end of the third year. Our revenue will come from services including: trading fees, issuer background check systems, digital signing, exchange member fees etc. The cash flow will be similar to stock exchange business. The only difference will be instruments and a set of agreements.

We cannot predict the volume of the trades, but we can estimate if we look at the data of the claims, invoices and factoring trades in the world. The factoring volume in the world is approximately 6 B USD .

PlanetZiggurat exchange will produce information flow which is similar to stock exchange information flow. If our trading platform connect to automated trading platform and electronic order book trading platforms, the flow of clients will be guaranteed.

Funding overview

We plan to start in Estonia because of the price. Keeping our costs low, we can also create a more attractive price list.Our budget for phase 1-2 is roughly 3.57 M EUR. Phase 3-4 budget will be clear by the end of phase 2. An example for us is IEX Group.IEX raised first,second and third round 1.5, 9.4 and 15 M USD respectively during two years.

Roadmap