FXDD COO Lubomir Kaneti speaks to FinanceFeeds on being the first to launch Tradency’s RoboX
In March this year, FinanceFeeds reported in detail on the launch of Tradency’s new RoboX system. At Tradency’s head office, Lior Nabat, CEO of Tradency explained the ethos behind the new system, dispelled many widely held beliefs about trading strategies, and explained comprehensively how big data collected over the years by Tradency can now be […]
In March this year, FinanceFeeds reported in detail on the launch of Tradency’s new RoboX system.
At Tradency’s head office, Lior Nabat, CEO of Tradency explained the ethos behind the new system, dispelled many widely held beliefs about trading strategies, and explained comprehensively how big data collected over the years by Tradency can now be used to ensure that traders are able to access the most appropriate strategies for their circumstances at all times.
“Everyone deals with their challenges in a different way” said Mr. Nabat. All the big data that we have collected can be used to disrupt and innovate, and therefore we figured that we could use and adjust the data that we have collected for the advantage of development of the system.”
“We took the data, and it was very interesting what came out of the studies that we made.”
“The new RoboX system differs from anything that has gone before” enthused Mr. Nabat. “Think of its main structure as being a kind of package warehouse which holds a series of rules. Traders can put them in a group, and then can switch between them all the time. The packages consist of a superset of the best strategies that follow pre-define rules. Then, in pre-defined periodic schedules, the package updates the content within it automatically to contain only the most qualify strategies available.”
“This way, clients can receive the best strategies all the time, according to market conditions and their requirements. There is absolutely no need to learn, and no need to think about trading at all. This has been made possible by combining the data, strategies and signals and extracting the best details” he said.
Today marks a landmark in the development and progress of RoboX, as FXDD has become the first company to implement it. FinanceFeeds spoke to FXDD COO Lubomir Kaneti about the launch of this interesting solution.
“While managed and signal-based or social trading are not new and have their role in the market serving particular segments of investors. Here we have an innovative idea where the signal based trading is blended with AI that is intended to deliver personalized solution matching the goals and risk tolerance of the particular client” said Mr. Kaneti.
“Of course volumes can be written about how good the algorithm is and how much better the personalized solution is compared to other options, but I think the team at Tradency has a lot of experience in this area and they are committed to providing a world class product” – Lubomir Kaneti, COO, FXDD
Mr. Kaneti continued “What we see now is of course the first wave of innovation in this direction. I have no doubt that it will evolve in time and it will prove its efficiency.”
“We have to remember here that this solution relies on the client providing feedback that honestly describes their views and tolerance as an investor. Small changes in feedback may result in significant change in performance over time, however investors should not forget that RoboX does not take away the risk associated with leveraged investing, I believe it is intended to help investors try better more-optimized strategies” concluded Mr. Kaneti.
From Tradency’s head office, Mr. Nabat demonstrated his enthusiasm for the new system by explaining “We have got so much data, and have employed a technological innovation method which is so advanced that without any problem we can scale all kinds of packages of strategies, rules, signals, and ensure that it continues to choose the right execution at the right time.”
“We can also eliminate the problem with quantity. Today, I have finally understood the packaging that people use. We have therefore created a simple user interface which asks the user three simple questions, those being about risk, what kind of trader they are, and what they want to achieve from their trades over a long or short term. This way, the system can automatically choose packaging that uses our data to fit the profile of each user and spread the loads between all the packages available” said Mr. Nabat.
Featured Photograph: FXDD, 7th World Trade Center, New York. Copyright FinanceFeeds