WSJ: Automated Trading Programs Manipulate Digital Currency Prices

[micko09]

Automated trading programs, or bots, are manipulating digital currency prices on cryptocurrency exchanges, according to a Wall Street Journal (WSJ) report October 2.

Automated trading software is a program that allows traders to set specific rules for both trade entries and exits, submit orders to a market center or exchange, and then automatically executes them by means of a computer at speeds greater than any human is able.

Trading programs are available for traditional and crypto markets, and can be deployed for both legitimate and manipulative strategies.

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