The entire world of finance revolves around technology. With this section, we give you the information and reviews you need to stay ahead of the game with the latest tech and gadgets, or just keep up to date with the many social engagements of a successful financial master of the universe.
Trading on Forex, it may be tempting to just to sit back and let a pro or an automated device do the work for you, but are Forex robots really effective?
What is a Forex robot? It is a software application specifically created to perform trades on the Forex market through computer automation, a system that analyzes past data and tries to predict the price based on that. It has no logic to thinking about fundamentals, about sudden changes, about different unexpected events. Some robots are able to scan numerous charts and watching their movements all at the same time which is beyond human capability.Read more
Let's try and list what have been the best innovations to come out of the financial industry in recent times (let's say last 15 years). We're going to use the term "best" as what that drove value (profit/growth), while not being considered to have had or have a potential for substantial negative impacts, which might be introducing systemic risk or creating perverse incentives.
Financial technology is innovating in and disrupting an expanding number of areas in the financial sector. In the trading sense, there have been multiple innovations in the area of structured finance in recent years. For example, the first Exchange Traded Note product was introduced in 2006.
Another example of a new product would be the exchange-listed dividend futures available on some European equities and most major indices.
In a report published at the end of last year, the White House estimated that nearly 3.1 million drivers working today could have their jobs automated by autonomous vehicles:e.g., heavy trucking will see 80% to 100% of nearly 1.7 million drivers’ jobs automated.Read more
2016 wasn’t a pretty great year if we access the overall cyber security scenario. The hackers have found new ways to deploy mammoth DDoS attacks by creating armies of IoT devices. In October, we witnessed Dyn DDoS attack that took down about half of the global internet.
One of the prophecies for 2017 that may have a bigger impact on the finance and broker sector, was made on last December by the US technology security vendor LogRhythm, headquartered in Boulder, Colorado, is a company specialising in security information and event management (SIEM) software that has a global presence. According to the company’s chief information security officer and vice president James Carder, the whole internet will shut down for 24 hours.Read more