The roadmap is fairly clear. You would first have to set up an ATS (which really doesnt require too much, but it does involve regulatory and paperwork hurdles)

The roadmap is fairly clear. You would first have to set up an ATS (which really doesnt require too much, but it does involve regulatory and paperwork hurdles) The main advantage is that you can disrupt the exchange business. The disadvantages are many, including having to deal with SEC etc.