excerpt directly from their one pager white paper
https://www.spectre.ai/?r=canerica
WE ELIMINATE BROKER FRAUD
HOW WE DO IT
SPECTRE (short for Speculative Tokenized Trading
Exchange) is the world’s first brokerless, financial trading
platform with an embedded, decentralized liquidity pool
that acts as a counter-party to all trades. The liquidity
pool is initially funded by an ICO and tokens are
distributed to the investors in return.
When trading, all transactions are governed by smart
contracts meaning that the broker is completely removed
from this equation as well.
The smart contracts pay out 2% dividends to ICO
Dividend-token holders and 2% to SPECTRE as a
technology fee, each time the trader takes a trade. This is
different to the traditional broker models where brokers
mostly get paid on trader losses.
A result of all the above is the creation of a fully
transparent and fair trading environment with no conflict
of interest between involved parties; a provably fair
battleground where traders can fairly trade against the
market without intervention.
PROGRESS UPDATE
The public alpha went live in September 2017 and the connection
to the Ethereum testnet environment is scheduled for Q4 2017.
Unlike many ICOs, we have an existing trading product and have
offered services to thousands of traders for years.
https://www.spectre.ai/?r=canerica
.jpg)