05-23-2020, 10:12 PM
I never traded in FOREX markets. What I am asking may or may not be able to be accomplished today. Also I don't know all the lingo so I apologize in advance if I'm not using the terms in the correct way.
Recently I talked to the father of a friend of mine. The only thing I knew was he was a wealthy retired software engineer but never knew what he specifically did. We struck up a long conversation and what he said made me very intrigued. I always hold out the possibility that he was just humoring himself and making everything up. Still I am curious.
He said before there were complex computerized Forex platforms what he did was create a program that could trade instantly based on both real-time data and the location of the markets with accounts around the world. He said he hasn't used any of the modern technology like MetaTrader or something similar. He said as someone out of the game he believed these platforms are great but are standardized and they just look at one location when trading which misses a lot of opportunities. Since I have never traded FX I am not sure if his observation is correct.
The example he gave me was how he would profit from USD/CAD. Say it is 3:48:23 Eastern time. You are in New York. The exchange rate will give you one spread in New York. Then if you were in Toronto at 3:48:23 Eastern the spread between the 2 currencies will be slightly different than it is in New York.
To expand this out, if you go to other locations at exactly 3:48:23 Eastern such as Australia, Japan, Great Britain, etc. His software would take advantage wherever the location had the greatest spread for USD/CAD and profit from it.
He took advantage of multiple currency combinations and spreads from all over the world.
My question is can this be accomplished using an existing platform, a robot combined with an existing platform, custom-built software, or this just can't be accomplished today?
Recently I talked to the father of a friend of mine. The only thing I knew was he was a wealthy retired software engineer but never knew what he specifically did. We struck up a long conversation and what he said made me very intrigued. I always hold out the possibility that he was just humoring himself and making everything up. Still I am curious.
He said before there were complex computerized Forex platforms what he did was create a program that could trade instantly based on both real-time data and the location of the markets with accounts around the world. He said he hasn't used any of the modern technology like MetaTrader or something similar. He said as someone out of the game he believed these platforms are great but are standardized and they just look at one location when trading which misses a lot of opportunities. Since I have never traded FX I am not sure if his observation is correct.
The example he gave me was how he would profit from USD/CAD. Say it is 3:48:23 Eastern time. You are in New York. The exchange rate will give you one spread in New York. Then if you were in Toronto at 3:48:23 Eastern the spread between the 2 currencies will be slightly different than it is in New York.
To expand this out, if you go to other locations at exactly 3:48:23 Eastern such as Australia, Japan, Great Britain, etc. His software would take advantage wherever the location had the greatest spread for USD/CAD and profit from it.
He took advantage of multiple currency combinations and spreads from all over the world.
My question is can this be accomplished using an existing platform, a robot combined with an existing platform, custom-built software, or this just can't be accomplished today?