The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
MarketFactory was likely the first to bring a SaaS model to FX
“We actually brought the SAS model. We're probably the first ones to bring the SAS model to foreign exchange. So we are strictly, you know, MRR, ARR based.”
The minimum trade size in institutional FX is $1 million
“Minimum trade size is one million US dollars, right?”
Jer: MarketFactory customers are 45% banks, 45% funds, 10% brokers
“We're probably like 45% banks, 45% funds, you know, the buy side. And then about 10% brokers.”
MarketFactory's 30 enterprise customers average a massive $400k ARR
“Our average revenue per account is 400,000 ARR. Dollars. Our range of, we have about 30 enterprise customers who pay us between a hundred K and over a million dollars a year.”
Jer: MarketFactory operates at roughly EBITDA break-even
“No, we're pretty much like EBITDA break even. So, you know, 50 grand, 200 grand plus, you know, maybe like 600 K minus depending on the last couple of years.”
FX operates like Napster: a decentralized, 24/7 global trading network
“If you trade stocks, there's probably three major exchanges, New York Stock Exchange, NASDAQ, and some others in the US. But if you trade currencies, it's a very global market, right? It's almost like Napster for trading, which is every single bank, every sing…”