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sledgeyum

Registered: Jun 2011
Posts: 179

05-02-12 08:33 PM

Yes it is legal. Hft?

Tos has this now. Tda has it in strategy desk.

Ninja trader you can write your own programs.

Quote from tdev:

Hi there,

I can see a lot of offerings of Forex robots but cannot really find anything for stocks. Well, may be except for MARL

I wonder if selling stock trading robots is a legal business. My guess is that Forex is not regulated and hence it is possible to provide financial advice (i.e. robot), while for stocks it is not really possible due to regulations.

Could anyone shed a light on the topic?

Thanks.

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tdev

Registered: Mar 2011
Posts: 8

05-04-12 03:20 PM

Quote from sledgeyum:

Yes it is legal. Hft?

Proof may be?

Selling robots may be treated as a financial advice, which is illegal unless you have a license.

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WS_MJH

Registered: Feb 2011
Posts: 275

05-11-12 05:11 AM

Quote from Occam:

Sorry for not answering your question directly, but are you not aware that nearly all (if not 100%) of "forex robots" that are sold to the public are flat-out frauds? There is absolutely no incentive to sell a profitable automated system publicly -- it just doesn't make sense for the creator of such a system to do anything other than trade it themselves.

http://www.wired.com/threatlevel/20...-picking-robot/

So, I'm guessing you think collective2 and the systems on there are also pretty much a fraud. It's seems unreal that a good system would be on there; it'd seem the edge will disappear once more and more people use such system.

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