Pepperstone Is the Latest Broker to Adopt Tradency’s RoboX

Pepperstone, an Australian foreign exchange and CFDs broker, has started to notify its clients about a new service promoted on its website: the RoboX. The automated, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term-oriented algorithm developed by Tradency, a financial technology provider, has been popping up as a new service on different companies’ websites recently.

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The email making the rounds of the firm’s client base states that RoboX is able to create trading strategies by taking into account a trader’s individual style and a large-scale algorithm database. Algorithmic trading, more commonly known as algo trading, is a process in which computers follow a set of rules regarding the opening of a trade. The goal is to generate a profit more frequently and more quickly than a human being ever could.

“The firm was the first in Japan to add this feature to its services.”

Last week, Finance Magnates reported on Rakuten Securities having collaborated with Tradency in launching RoboX on its website. The firm was the first in Japan to add this feature to its services, and it has made it available to its customers around the world.

Earlier this month, Finance Magnates also covered Pepperstone’s new partnership with ISightThis for two of the latter’s products, Paydentity and Payment Gateway. The partnership includes Pepperstone’s subsidiaries in both Australia and the United Kingdom.

These products are offering a new payment platform that also provides an automated identity verification process, known within the online trading industry as Know Your Customer (KYC) Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Read this Term).