I've supported Fairlay for years, using them regularly. But I'm out. Their site is a total joke, with significantly *more* bugs than they had four years ago. More importantly, they allow their main market maker to operate on credit. So if he goes down in flames, you're likely not getting paid. Most importantly, they allow MMs to selectively accept orders. That is, if you try to lift an offer, the MM has x seconds to decide to cancel the offer based on your userid or whatever other reason he wants. I.e., spoofing with fake orders is allowed.
I think the owner is simply clueless as to how to run an exchange fairly. It's unfortunate, but consider yourself warned.