RYE BROOK, N.Y., April 18 - Financial web site and software company partner to allow robotic trading in real-life broker accounts.
On April 18, Advanced Trading Research and Collective2.com announced a new joint service that sounds like either a dream or a nightmare: Robotic Trading - no humans required.
For the past two years, Collective2 has been quietly monitoring and verifying results of trading systems. Until now, customers interested in “following along” with a successful trading system could subscribe to the system and then could manually place trades at his broker - either by telephone or on the Internet.
But now, thanks to Advanced Trading Research’s TradeBullet software, any trading system monitored by Collective2 can be automatically traded in a customer’s live brokerage account - without any human involvement.
“This is a new kind of investment strategy,” proclaims Matthew Klein, the founder of Collective2.com. “It’s like hiring a robot to run your own hedge fund. You can pick and choose the strategies the robot pursues, but leave the grunt work to the software.”
Collective2 monitors over 500 trading systems for stocks, options, futures, and forex. Anyone who wants to sell their trading advice can add their system to the Collective2 Web site. But there’s a catch: Collective2 tracks the results that each trader achieves, and unflinchingly ranks and rates all the systems on their actual results.
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