I, Robot: trading bots on Azbit’s multi-exchange platform
“It’s likely that machines will be smarter than us before the end of the century –not just at chess or trivia questions but at just about everything, from mathematics and engineering to science and medicine”.
Gary F. Marcus, expert on natural and artificial intelligence
Trading and earning on an exchange 24/7 is no doubt the dream of every trader. But this is not possible: people have to rest. And let’s not forget about family Christmases and vacations by the sea either. This is where bots come in: artificial intelligence needs no sleep. Working on the weekend? No problem!
Today, smart machines can be found in all walks of life — and the world of finance has them too: trading bots. These are special programs that execute trades autonomously using a set algorithm. Their artificial intelligence automates trading strategies of almost any level of complexity — just a few years ago, traders could not even have dreamt of anything of the kind.
Users of Azbit’s multi-exchange platform will be able to enjoy all the benefits of artificial intelligence. First, our clients will be able to create their own trading bots. Second, they will have the opportunity to buy and sell ready-made trading bots. Below, we look at how this will work.
1. Creating bots
Users of Azbit’s multi-exchange platform will be able to independently create programs that will execute trades autonomously using a set algorithm. To write their own bot, they will have access to a framework (a development platform, like a kind of “skeleton”). This might sound quite complicated, but it won’t be: clients will have detailed instructions, with examples, to help them, and there will be a forum for users to hold discussions and obtain technical support.
2. Buying and selling ready-made bots
On Azbit’s multi-exchange platform, users will be able to buy and sell ready-made trading bots. This will take place through an algo market — a special online marketplace for trading bots, scripts, and market indicators. Developers will have the opportunity to earn money from creating algorithms, while investors will be able to receive a constant passive income by purchasing ready-made trading bots. Even novices will be able to choose a suitable algorithm, with the help of a rating system and user comments — just like with a regular online store.