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fx bots
’A Dutch machine with a fat finger
A possible culprit has been found for Wednesday’s sharp movement in cable — which saw the GBP/USD exchange rate drop to 1.5181 and recover in the space of a few minutes. A(nother) tradebot.
To be specific,
Mrs. Robo Jones starts to make an FX impact
We’ve written about the shifting dynamics in the world of retail forex trading before. In particular, the phasing out of ‘Mrs. Watanabe’ in favour of ‘Mrs. Robo Jones’ — the western-based punter seeking returns in a zero-rate environment,