In a landmark case involving ‘reversing traders‘ on Exchanges, a Singapore court has ruled against the practice. Trader, alias B2C2 wins over crypto exchange operator, Quoine after it arbitrarily cancelled seven of the trader’s order. Moreover, the most interesting part of the case is that both parties in the transactions were just a bunch of algorithms.
Algo-trading reduces the risk of manual errors when placing trades. Trades are timed correctly and instantly to avoid significant price changes. Although Algorithmic trading is expensive, it reduces transaction costs. Algorithmic is a third-party trading system developed and specialized in automated trading systems with strategies and quantitative trading analysis. Contrary to other trading systems,