[arin-ppml] Revised -- Policy Proposal 2009-4: IPv4 Recovery Fund

[John Schnizlein]

If we are going to pursue this proposal very much further, we should  
get expert advice on the feasibility of operating (or outsourcing) a  
Market Maker constrained according to some specified features.   
Precluding naked shorts is probably a feature we all agree with.   
Should there also be a limit on the time that the Market Maker holds a  
prefix in its attempt to maximize aggregation and minimize  
deaggregation?  It seems to me that the ARIN community is just about  
an non-expert on market operation as Nasdaq experts are on network  
operation.

http://en.wikipedia.org/wiki/Market_maker

John

On 2009Apr13, at 4:13 PM, David Farmer wrote:

> On 13 Apr 2009 Ted Mittelstaedt wrote:
>
>> We are neutral to this proposal with the exception of 4.X.5
>>
>> We don't believe any purpose would be served by listing the
>> dollar amounts, and can think of many scenarios where revealing
>> them would compromise the bid system, and leak sensitive
>> internal company data of "bidders"  If all mention of "pricing"
>> was struck from this section we would be neutral on it as well.
>>
>> Ted
>
> Are you saying that pricing should be completely opaque?
>
> I think I agree that pricing shouldn't be completely transparent,
> that is revealing who paid how much for what, that is probably
> not a good idea.
>
> But I think a completely opaque system is a bad idea too;  I
> think what is proposed is fairly close to what is needed.
>
> I think a Max, Min, and Average of successful bids for a period
> like a month is minimally needed to at least exposes what the
> competitive range of successful biding is.
>
> Each bidder wants to minimize or maximize in a particular
> transaction depending on the role they are playing.  But I think
> the community overall wants/needs some assurance that the
> system is fair and functioning properly.  Some minimal
> transparency is probably the best way to allow the community
> to evaluate how the system is functioning or not.
>
>
>
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