Mercor aims to decentralize the algorithmic trading market.
Mercor disrupts financial markets by building a bridge between algorithmic trading and every-day investors worldwide
Mercor Finance: An Introduction
Mercor’s mission is to democratize the algorithmic trading market, disrupting financial markets by building a bridge between algorithmic trading and everyday investors worldwide. Over 80% of all market transactions are currently done with the use of algorithms and trading automation tools. These types of trades leverage computational resources and speed to outperform human traders. However, algorithms are becoming more complex and are harvesting the power of machine learning and artificial intelligence. Aside from speed, these algorithms are now also becoming extremely successful in making the right decisions. Many different strategies exist, ranging from relatively simple, trend-following strategies all the way to advanced AI trading algorithms, reacting to live world events, weather, Twitter sentiment, and more.
Increasing demand for reliable, high-frequency and effective order execution as well as a growing demand for reduced transaction costs, are expected to further accelerate the algorithmic trading market. The expected CAGR of the algorithmic trading market over the years 2020–2025 is 11.23%. At the beginning of 2020, the corona crisis caused stock markets worldwide to plunge. Algorithmic trading has been contributing to market rebounds after the March lows. Thus, algorithmic execution tools in foreign exchange increased significantly since March 2020.
In crypto markets this dominance is not yet as strong. The consensus is that crypto markets are moving into that direction, playing into the hands of large institutional investors currently entering the market. Mercor aims to diminish this advantage and offer similar capabilities to individuals worldwide.
Designed by the people, for the people — not for institutional investors owned by establishment suits.
The Mercor Solution
The Mercor platform provides its users with the instruments to develop and the possibility to invest in what is known as the black box of trading, algorithmic trading. On the one hand, we supply developers with analytical tools, backtesting capabilities and exclusive data. On the other hand, we make investing in algorithmic trading publicly accessible, by reducing entry barriers. With the power of the crowd, we create an environment in which no individual is restricted by expensive data or high entry barriers. We are supplying ordinary people with the tools previously only available to a handful of institutions.
Mercor will give ordinary traders the opportunity to directly invest in complex algorithms with no intervention of large institutional investors, through an accessible social platform focused on ease of use and education. Mercor aims to connect traders with development teams and their algorithms, with worldwide access on all devices, providing our users with the ability to profit from a previously inaccessible market.
We believe in the power of creative individuals to create value with their self-build algorithms, promoting teamwork and the creation of advanced algorithms making use of AI. Mercor will give developers the chance to use our unique development environment called ‘Mercor Environment’. This environment will provide developers with all the tools and computational power necessary to build AI-based algorithms. Creating an interactive and social environment in which thousands of developers can form teams and build together, testing and deploying their creations. The development of these algorithms will be supported by data, tools and tutorials (Mercor Academy), as well as pre-made functions and API’s. The development of these algorithms will be supported by data, tools, and tutorials (Mercor Academy), as well as pre-made functions and API’s. Developers will earn Mercor Tokens (MRCR) based on the success of their algorithm, the total AUM and their personally set commission fee.
An early-stage alpha version has currently been deployed and an enclosed alpha testing phase has successfully concluded. The alpha environment has provided the mercor team with valuable feedback and functions as a PoC. The Mercor team is currently preparing the platform for widespread beta access.
Mercor aims to be an open and accessible platform; this means free access for both developers and investors. Developers will be charged in Mercor Tokens (MRCR), based on computational power used and total trading volume. Traders will be charged competitive trading fees. We will be committed to a fee structure that is fair, straightforward, and as transparent as possible. Both Developers and Traders will also be able to select a tier modelled staking membership.