OA
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Dubai — Tokyo
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A stock exchange designed for long-term value creation, not speculation
Stock exchanges are casinos optimized for HFT, not value creation. Maurice Allais (Nobel 1988) solved this theoretically with discrete auctions—now we can build it. First-mover in a $100B industry that hasn't innovated in decades.
Traditional stock exchanges are broken for innovative companies. The continuous auction model—prices changing every millisecond—creates perverse incentives that hurt long-term value creation.
High-frequency trading extracts billions, rewarding speed over insight. CEOs manage to quarterly earnings rather than decade-long visions. Retail investors get front-run by algorithms. Volatility discourages patient capital entirely.
The average holding period has dropped from 8 years (1960) to 5.5 months today. This isn't investing—it's speculation. Meanwhile, innovative companies avoid going public because public markets punish long-term thinking.
ANCQ Market implements Maurice Allais's vision of non-continuous quotation using modern technology. Instead of continuous trading, we run discrete auctions at fixed intervals. How it works: Fully regulated and interoperable with existing infrastructure. Companies can dual-list on ANCQ and traditional exchanges.
Initial target: 50 European growth companies frustrated with public market short-termism. Average listing fee + trading revenue = $2M/year per company.
Revenue streams: Unit economics: Exchange economics are exceptional once you hit scale—near-zero marginal cost per trade.
Phase 1: EU sandbox with 10-20 listed companies (MiFID II provisions) Phase 2: Full regulatory approval, expand listings to 50+ Phase 3: US expansion via SEC exemption or acquisition Phase 4: Become the default exchange for patient capital globally
Looking for CEO + CTO who can own regulation and infrastructure:
Here's exactly what you get when you join as a co-founder.
The structure is simple: I bring the idea, the playbook, and my network. You bring the execution. You get 80% as a team, I keep 20%.