Is this a spoof?
There’s a firm called Cyborg Trading, which promises to bring “automation to equity and derivative front-end trading platforms, without eliminating or replacing the individual trader.”
We’re talking about a real-time trading tool here — apparently — bringing advanced trade management, increased execution speed, “customizable pre-built algorithms to the trader,” and numerous other orgasmic features.
Further cybernetic guff:
* Split a single order into many orders, each with an independent trading strategy.
* Create entry orders that add or remove liquidity based on specific market conditions.
* Use sophisticated trailing strategies on both profit orders and stop orders.
* Create smarter stops based on depth thresholds and volume conditions.
* Attach timing conditions that exit a trade after a specific amount of time.
* Replenish entry orders after a profit order fills.
You can download a brochure that looks like this:
High frequency discretionary traders?
Cassandra Does Tokyo notes the rash of trading sites peddling slick, colourful GUIs which amateur traders can download and use to pretend to be trading like the pros.
Except there’s real money (and leverage) involved, as Cassandra pointed out:
What was a peripheral phenom that began with simple tax-advantaged spread-betting and a pachinko alternative for Mrs. Watanabe is now huge business with nefarious Russians in warm offshore locations seemingly at the fore, making one wonder whether there is some grand money-laundering purpose behind the more overt feeding of the adrenaline-driven gambling beast via direct and leveraged FX market access, whether from your PC or iPhone.
Cyborg, of course, may just be appealing to the sweaty adolescent male lurking within many a market participant. But they’d better be well-heeled adolescents:
Related links:
Have you been forexed? – FT Alphaville
Mrs. Robo Jones starts to make an FX impact – FT Alphaville
The $100bn FX hustle – FT Alphaville