For all its pros and cons, electronic trading has completely changed the game when it comes to the financial capital markets. What once was something done by a few companies, now makes up the bulk of all trading globally.
The issue here, however, is that the financial market speed means that the time we had to make decisions has been slashed from hours or even days to just a few seconds. And it’s impossible to keep up unless you have a whole team of people using up precious working hours running massive data processing tasks to check bonds and stocks, and look at how the market is faring at any given moment of the day.
But there is a solution
And that solution is to automate some of your financial, investment, and hedging processes via trading automation software that can do all of the above – and more – for you, with very little assistance.
So what is this software that can help me deal with the financial market speed?
Well, in a nutshell, this is a robot trading software that uses strategy automation algorithms to translate a discretionary strategy into one ruled by trading automation. What this means in layman’s terms is that it processes multiple flows of data from markets, stocks, bonds, and so on, and checks them against your specified criteria. Then, it takes action when and as needed.
The best part is that systematic trading software can handle many decisions related to your hedging, trading, and financial exchange processes autonomously, as well as identify investment opportunities and manage your risk. And all this is done automatically, in real-time, and round the clock.
Yet, we know what some of you are thinking, particularly if you’re at the helm of a small & medium-sized enterprise: all of this sounds wonderful, but my expertise is in finances not technology.
Where would I start with robot trading software like this? How does algorithm trading even work? And where would I find the financial resources needed to have experts on board that could programme and update quant trading software that uses programming languages like C++, C#, Java, and Python, which I know nothing about?
Well, the good news is that there is software out which is cost effective and which lets you handle financial market speed better.
Would you like to know more? Read our experts’ review of the benefits of improving trading efficiency .