Brokers Markets News 

If the price is right! When can a broker cancel profitable trades?

“Each tradable instrument has a market price that consists of a buy and a sell price” reports financefeeds.com. There is no such thing as zero spread / zero commissions as a retail broker (tier one or two).The prime of prime broker is providing a wholesale service.The first level in most of the cases will be your Prime of Prime broker who has access to the interbank liquidity and ability to pass orders through.At the prime of prime and interbank levels there is no off market pricing. Source: financefeeds.com Share This:

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Futures JPY News 

The strongest currency is the JPY. The GBP is the weakest as NA trader enter for the day.

“The GBP pairs (see charts below) are trading near extreme levels for the day (GBP low levels)” reports forexlive.com. As the  North American traders enter for the day, the JPY is the strongest currency of the majors, while the GBP is weakest.The GBPJPY is down -123 pips with the trading range now above its 22 day average range.The EURUSD is watching with only a 27 pip trading range – well below its 22 day average.The USD is up against the GBP, but lower or unchanged vs. the other majors at…

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News Platforms 

RoboForex Integrates New Trading Robots into R Trader Platform

“RoboForex has embraced the evolving landscape of the algorithmic trading industry, launching new trading robots into its R Trader Platform” reports financemagnates.com. The integration of trading robots directly into the R Trader Platform constitutes one of RoboForex’s more innovative upgrades in recent months.Even now, we can see that our clients are very interested in trading robots,” explained Kiryl Kirychenka, Head of R Trader project.Of note, R Trader-based trading robots builder will be made available for all RoboForex clients for free, accessible in both real and demo accounts. R Trader platform,…

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Markets News 

Bigger than Big Bang: New financial regulations could trigger the biggest shake-up in the City in three decades

“So-called high frequency trades (HFT) were blamed, where huge bets are placed in multiple markets with the help of powerful algorithms” writes Lucy Burton for telegraph.co.uk. Dealers are in an arms race, using supercomputers and hundreds of miles of fibre-optic cable to link financial markets in the shortest possible time and execute trades at lightning speed.In the world of high finance, fractions of a second can make the difference between multi billion-pound gains and losses. HFTs can pose an almighty headache for regulators, who are struggling to keep up with…

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Markets News 

Wall Street’s Robots Still Have a Lot to Learn About Being a Human Trader

“See the graphic: Robots of Wall Street are coming for these trading jobs One not-so-well kept secret of Wall Street is that many companies rely on aging computers” writes unknown author for bloomberg.com. The average age of software in finance is about 38 years, according to technology tracker CB Insights. Source: bloomberg.com Share This:

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Markets News 

Trading Technologies continues to dispute Patent Trial and Appeal Board decisions

“Trading Technologies International, Inc. continues to dispute the decisions of the Patent Trial and Appeal Board (PTAB) regarding its patents” reports financefeeds.com. In August this year, the Board ruled that the ’999 patent does not recite a novel and non-obvious technological feature.In what is the fifth appeal filed by the company for the last three months, it disputes all the decisions made by the Board on August 14, 2017 regarding patent U.S. Patent 7,212,999 (“the ’999 patent”).For the reasons discussed above, the Board ruled in August that claims 1 –…

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News 

Billionaire Steve Cohen has lost his top trader ahead of his supersize hedge fund launch

“Billionaire Steve Cohen’s longtime top trader is leaving ahead of the hedge fund manager’s expected supersize return to managing outside money” writes Rachael Levy for businessinsider.com. Cohen is widely expected to accept outside money again starting next year, when a ban on him managing outside money ends.Villhauer got his start at Cohen’s SAC Capital, which was shut down for insider trading. Source: businessinsider.com Share This:

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News 

SEC staff forced to tell chairman about hack when stolen data used by inside trader

“Then SEC staff crossed their fingers and hoped that the thieves would never use the non-public Edgar filing information for illegal insider trading” writes Francine Mckenna for marketwatch.com. In an unexpected 4,000-word statement on general cybersecurity issues published Sept. 20, Clayton buried the news of the 2016 hack at the halfway point.His testimony calls for “more and better disclosure,” and he says the SEC plans to investigate companies that mislead investors about material cybersecurity risks or data breaches. Source: marketwatch.com Share This:

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