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by blibble 3662 days ago
how do you deal with many clients having the same trigger then all executing the same order at the same time?

if 50000 identical triggers fire at the same time trying to buy the same stock with market orders they're going to get a bad deal, and people selling are going to clean up

2 comments

If you knew that 50000 identical orders of significant value were about to fly, you could make a huge amount of money.
It's a good thing this is _very_ illegal :)
It's certainly illegal for brokers, exchanges, and fiduciaries, sure.

It's certainly not illegal for me to do it, if you happen to tell me your stop loss orders over beers, or if I predict people's stop loss orders using public information and/or a sophisticated model.

So which side of the line is Trigger on? They don't seem to be a broker, exchange, or fiduciary, and they wouldn't be getting the relevant information from those sources.

"The User acknowledges and agrees that upon posting or transmitting information [...] on the APP, the User assigns to the Company [...] all rights, interest and title in and to such information"

If you want to manage your money through a tech startup, I suggest choosing one that is a broker and/or has a fiduciary responsibility to you!

We will let our users get a double look at the market first before sending the order automatically, for precisely this reason. Only those who are confident in their orders can chose to execute automically in the market.