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It depends on what basis algo trading was sold to the customer. Regardless of whether it's a human or computer, anyone willing to give such an amount a go, shou
by cosmodisk 8y ago
It depends on what basis algo trading was sold to the customer. Regardless of whether it's a human or computer, anyone willing to give such an amount a go, should be asking how risk is beimg hedged?What happens when shit hits the fan? How fast can you exitvthe position?If it's Forex, what stops are being used to minimise the losses and etc. I'm sceptical that either sides signed the deal without firstly going through some details on how it works, the risks and rtc.Also,the legal department probably did their homework to cover as much as possible in such cases. The responsibility, ultimately,falls upon the institution utilising the software and not the software itself.