Eternity Law International News Development of trading robots and terminals

Development of trading robots and terminals

Published:
March 30, 2021

Previously, a trader placed his order through a landline phone, and tracked quotes using newspapers. Computerization brought with it the first trading programs, followed by Internet trading. Because the amount of incoming information and the speed of its receipt is growing rapidly, people began to have trouble with manual trading on the exchange. Thus, automation became a necessary measure, which was due to the large volumes of incoming data – their manual processing became impossible and extremely inconvenient for quickly making the right decision.

Today traders use various programs and algorithms. For beginners, ready-made tools are the main help. It is very convenient for beginners to follow the already set rules without risking losing money or nerves due to inexperience. It is also a bigger help for hedge funds whose managers cannot afford to be wrong. Our developers offer the following customized solutions for those working in the financial market:

  • derivatives market;
  • stock market;
  • foreign exchange market – Forex and others.

Due to the predominance of certain emotions, traders drain their deposits. During emotional stress, traders are exposed to a large number of rash actions, in particular, premature closing of positions, overtrading and sitting out losses. Trading robots are designed to save people from such problems. They are also called bots or automated trading systems.

Robots are programs that automatically follow the trading strategy that was set by the user. They decide whether to sell or buy an asset based on algorithms that analyze and interpret market data, including order number, time, and price and trading volumes. Robots are a necessary trading tool, as they can analyze the market and quickly work with the resulting array of information.

Thanks to robots, people are freed from routine activities. Bots adhere to the strategy initially set by the user and instantly react to changes in market trends. In addition, robots can simultaneously process many parameters with equal efficiency, which gives them an additional advantage for trading.

Robots for traders

Robots operate on exchanges around the clock, making many more transactions than humans could. A huge number of algorithmic funds have already been created all over the world that trade profitably thanks to the work of bots. Robots help managers to improve the efficiency of control over portfolios, and from the flexibility to adapt to the conditions of any market and the independence of functioning determine the success of trading operations. Bots can be configured for different modes, for example, such as the following:

  • sending a signal at a time suitable for buying or selling. The user then only has to choose whether to make a deal or not;
  • work in automatic mode, when the bot trades on its own, and the user only checks the result of this work.

Trading robots, which the user orders on an individual basis, are developed according to specific production strategies and have separate preset parameters. When signals are identified, they determine whether it is advisable to enter into a trade or it is better to wait it out. Robots are looking for the most profitable deals and are able to find them even under low volatility conditions, that is, when it is already extremely difficult to change the direction of the trend. Their algorithm is designed to achieve profit, taking all its potential from the situation.

Development of electronic trading platforms – trading terminals

For three decades, participants in financial markets have been using trading programs. Initially, they were quite expensive and only hedge funds could use them. However, global computerization has made them available to brokers and private traders as well. Today, any professional can use such programs in order to buy a ready-made application, or order the development of a new trading terminal with the required set of functions.

A trading terminal is a software that displays market data and simplifies transactions within it. At the same time, it is not directly an exchange, but only provides opportunities for a speedy and efficient connection to it. The terminal processes the received information, based on which charts and reports are drawn up, the necessary parameters are placed in indicators, etc.

Terminals must be compatible with specific exchanges. As a rule, supported and recommended programs are listed on the website of each exchange. To be able to trade through them, you need to create an account and connect to the exchange via the API. After the integration is completed, the application starts processing the data received from the specified exchange.

Trading terminals for traders

Terminals are often also referred to as electronic trading platforms. Before the universal coverage of the global network of all industries and industries, they were predominantly desktop programs. Today, online platforms and mobile trading applications have been popularized, which have basic platform options. When choosing a terminal, an experienced trader pays attention to the following parameters:

  • maximum set of tools for analysis and trading operations;
  • the ability to install on different devices – tablet, phone, PC;
  • settings;
  • interface correction.

Traders looking for a comprehensive technical analysis use the terminal to trade commodities, currencies and securities, as it differs significantly from the structure of the exchange. Quality terminals combine a variety of technical analysis and market surveillance tools.

A custom-designed terminal is a tool that you can easily master and that will be completely adjusted according to your needs and wishes. Our experts are ready to discuss the option of creating even the most specific project. Contact us and we will provide you with a comprehensive consultation.

You could be interested

Crypto company in SVG

Exploring Cryptocurrency Ventures in SVG With constant innovation and incredible liveliness, the cryptocurrency industry has recently seen unparalleled expansion. Stronger regulatory supervision and control are now necessary as a result of this expansion. In this regard, the Caribbean island country of Saint Vincent and the Grenadines (SVG) has become well-known in the scene of worldwide...

PI license in Latvia

If you want to deal with money transfers, payment-processing, attracting merchants, initiating payment-operations or opening accounts, today we’ll get closer to how to quickly obtain a permit such as a PI license in Latvia. First step: apply for payment-institution license in Latvia  – this is done at Latvian Bank. Such a permission provides enterprises involved...

SEMI license in Estonia

The Estonia small electronic money issuer license allows you to create a payment system and is issued on the basis of a written application given to the Estonian Financial Inspectorate. General information about small electronic money issuer license in Estonia  Fintech is a rapidly growing industry that attracts more and more entrepreneurs every day. At...

Commercial lawyer

The business process of an enterprise is often associated with disagreements between counterparties, which results in litigation. Most often, such disputes connected with the economic, tax disputes and violations of obligations of the parties under agreements. Eternity Law International attorneys will help you to resolve disputes out of court or achieve an objective result in...

Opening a bank account for offshore companies

Over the past year, the business world sphere has been discussing the fact that banks actively began to “freeze” financial accounts to organizations that are established in offshore zones. Banking experts are sure that due to more severe regulatory requirements for KYC, the banking sector is not very profitable to conduct non-resident servicing among the...

MSB license in Canada: overview

Companies dealing in cryptocurrencies are obliged to acquire an MSB license in Canada to continue the provision of services in this state. Under the PCMLTFA, these companies should complete registration with the FINTRΑC to ensure the proper business operation. Generally, all institutions offering finance-related services, crypto exchange services, and issuance services must acquire an MSB license and FINTRΑC...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7