Posts in category: FinTech

UpTrader and B2Broker are well-known providers of white label solutions in the financial industry. They both used to offer MT4 as a white label solution, but currently, they are not offering it anymore. If you’re specifically looking for MT4 white label solutions, we suggest exploring alternative providers mentioned in this article.

White Label online trading simulator is a perfect educational tool to educate the next generation of online investors. Customize trading rules, control student access and progress with back office portal. Your customers can choose to print labels directly from USPS.com when they do have access to a printer. Toni is a Fintech Analyst with over 8 years of experience in the financial industry where he worked as a financial control analyst at a regional bank and later conducted independent investment research analysis.

White-label Broker

In addition, by using a third-party solution, the company saves money not only on the initial development but also on the maintenance of large support departments that ensure functionality, modification, and development services. Soft-FX is a fintech development company that provides software and support services to the financial services industry and digital asset platforms. It was founded in 2005 and made several partnerships with Forex and digital currency brokers, blockchain platforms, dealers, banks and funds. B2Broker’s Forex liquidity solutions offer a direct and efficient way for its clients to access major Tier-1 FX liquidity venues benefiting from a deep liquidity pool, fast execution speeds, and professional support.

XOH Trader platform provides brokers with a customizable and modern front-end system, including advanced charting tools, regulatory compliance, and mobile capabilities. The xManager back-office system is designed to help partners manage their clients, monitor live trading activity, set up different trading groups and spread markups, commissions, and users. Partners can also access a mobile app for account management and real-time financial trading. Match-Trade offers comprehensive MT4 and MT5 white label solutions, allowing brokers to either start a new white label or transfer their existing one to accelerate business growth. Their solutions are designed to minimise start-up costs and reduce ongoing operational expenses, providing an optimal MT4 solution at a reasonable price. The MT4 trading platform is a popular trading platform that is used by millions of traders around the world.

Looking to Launch Your Own Turnkey Brokerage Business?

In addition, X Open Hub provides consulting services to help you identify initial requirements, meet regulatory standards, and assist with training and marketing. You will also have access to 24/7 account manager assistance for any inquiries or concerns. There are many Forex white label providers out there, but not all of them are free. Some providers will charge you a monthly fee, while others will take a percentage of your profits. However, there are also a number of free Forex white label providers that can help you get started in the Forex market. These providers typically offer a basic set of features, including a customizable platform and branding options.

You can visit infinoxpartners.com for more information on being an Introducing Broker. A white label broker is often a better solution because you have a greater stake in the action. As a white label, you’re still selling another company’s brokerage service but you’re taking more of the upside. That does mean there is little risk, but it also means the potential profits are limited. Therefore, if you want more potential, white label partnerships are a better option. Besides being able to start at a much lower cost, what is also great about white labeling is that it takes away the headache of having to deal hands-on with all the technical aspects of a brokerage, the trading platform configuration, and trade dealing specifics.

Technical trading features

In addition to reducing your costs, white label solutions allow you to get started in weeks rather than months as the foundations have already been laid. IX Prime is a provider that has liquidity within the forex and CFD trading sectors. That means white label brokers get instant access to 300+ instruments, LD4 hosting servers and real-time price data. White label partners also get access to analytics, order and management tools, and a dedicated account manager.

• Never be in a hurry, leaving enough time for the pilot version and bugs fixing.
• The one-time setup fee for the service is $5,000, and the monthly support fee is $2,000.
• Don’t do it if you don’t have enough funds, if you have no experience in forex matters whatsoever, or if you cannot deliver that something extra, the wow factor that will help you stand out and effectively be differentiated from the rest.
• Please note that white branding of statements can take up to 24 hours from the time you upload your images.

It is still necessary though, even in such cases, to be aware of the difference between your place of incorporation and the actual base of your operations. In other words, remember that it is possible to be incorporated in one location and have your base in another. However, it is not all gloom provided you approach all legal and regulatory matters with due caution and care, without taking rash or impulsive decisions.

Best Forex Brokers in Germany

This is one of the key reasons why novices prefer to engage with a reputable white label provider. White label brokers cut setup costs and typically generate revenue faster and more efficiently with less hassle– they make a commission on each successful transaction. The more shares that a trader trades through the broker, the more money the broker makes – and the more traders the broker services, the more money he makes. For this, earing as a white label brokerage is more cost-efficient for a starting Forex broker business venture. Any business that uses online service provision can consider white label solutions.

Upgrade your skills constantly to understand the smallest details of the industry. Financial markets today offer an excellent opportunity for creating your own business, presenting an easy-to-follow path for businesses and individuals who want to make their business a successful project. Working in the markets can be as simple as becoming a partner or an introducing broker of an existing brokerage firm or as complex as launching your own brokerage company. For example, in the USA new entrants to the market who are just starting out as a white label brokerage cannot fulfill certain requirements for brokerage work .

Email White Branding

Both types of White Label models are a convenient way to launch a broker and optimize the operation of all elements within the system in order to get a well-established business that can bring profit and prosperity. In addition to Forex, X Open Hub provides deep institutional liquidity on 5,000+ global instruments, including indices, commodities, shares, ETFs, and crypto. Depending on the country, there could be strict regulations and rules that the brokers should abide by. Thus, the brokers have to make wise decisions in choosing their white-label provider and remembering the jurisdiction aligned with it. All the above-described models have their own pros and cons, depending on the goals and objectives of white-label brokers.

Every block in the Bitcoin blockchain takes an average of 10 minutes to confirm, while on the Ethereum network, each block takes seconds to confirm. Bitcoin can handle 5-7 transactions per second and Ethereum can handle up to 10 transactions per second on average. Ethereum can handle more on-chain transactions than Bitcoin, which is essential considering the ecosystem of decentralized applications (DApps) on the Ethereum blockchain. If we see the past trend, the number of transactions on Ethereum has surpassed Bitcoin with a big margin. Ethereum 2.0 with its Proof-of-Stake consensus algorithm is expected to handle 100,000 transactions per second which is a big jump compared to its current transactions throughput. At present time the ICO token is based on Ethereum so we can say that Ethereum is not a purely digital currency but you need to understand Ethereum currency transaction that is based on blockchain service.

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Regardless, past performance is not an indicator of future results and as is the case with all cryptocurrencies, BTC and ETH are both volatile. Since everyone can see on their copies of the ledger that you’ve spent your BTC, you can’t attempt to spend a copied version of it – the consensus of ledger holders would be that you were trying to pull a fast one.

This feature ensures a fairer distribution of mining power and promotes decentralization, as individual miners can participate competitively without the need for expensive specialized hardware. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. At one point, more and more miners appeared to have focused on Ethereum for all of their mining wants and needs.

You can pay the miner more money to have him pay special attention to your transaction; however, the transaction will go through even if you don’t pay a fee. On the other hand, you must provide some amount of ether for your transaction to be successful on Ethereum. This gas drives the computation that allows your transaction to be added to the blockchain. ethereum vs bitcoin In Bitcoin, every time a miner adds a block to the blockchain, he is rewarded with 6.25 bitcoins, a rate set in November 2021. In Etherium a miner, or validator, receives a value of 3 ether every time a block is added to the blockchain, and the reward will never be halved. The Bitcoin vs. Ethereum argument has been garnering more attention these days.

Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies. You can buy BTC and ETH at Blockchain.com, but first you’ll need a Wallet. Blockchain.com provides crypto wallets to millions of people, and allows you to self-custody your crypto so you have full control of your assets. Despite their differences, both Ethereum and Bitcoin offer solutions that would have been impossible just twenty years ago. They were built for different purposes, but those differences are actually beneficial.

Other exchanges, like Coinbase and eToro, offer dedicated cryptocurrency platforms with several altcoins and options to earn interest on your digital assets. One factor that any investor should consider when opening an account are the trading features offered by the trading platform. Also, it’s important to keep in mind that when you trade cryptocurrency on an exchange, you’re forced to trade solely on the order books that the exchange uses, whether that’s Coinbase, eToro, Binance or others. If you want to get the best prices across all exchanges, you’ll need to use an exchange aggregator.

• Positive regulator developments, such as the approval of crypto spot ETFs, would also benefit ether.
• Prices are unpredictable and prone to crashes, as we saw in May of this year when the market capitalisation of crypto assets fell to around $US900 billion — down from $US3 trillion.
• He got involved in the crypto space back in 2012 and was fascinated by the underlying technology.
• We all know that when we conduct a transaction through a bank, some amount of money or service charge is levied.
• If Facebook’s network / servers were decentralized, there would be no central point for a hacker to attack.

Both currencies have a large number of investors and corporations to back them. ETH is the first cryptocurrency to gain widespread adoption in the fast-growing and still emerging area of Defi. Some buy bitcoin as an investment, believing that its price will shoot up in a few months or years, and they will earn https://www.xcritical.in/ a large amount of money. Other groups of people invest in bitcoin because they believe it means investing in companies that raise money by ICO since they cannot purchase content with traditional currency. Ethereum’s development of Web 3.0 technologies has had a transformative impact on the blockchain space.

Ethereum is home to various decentralized applications for digital money, global payments, exchanges, peer-to-peer lending, and others in a booming digital economy. DeFi alone has grown to become a $66.18 billion industry with over $5.5 billion in daily trading volumes. At its peak this year, the total value locked (TVL) in various Ethereum-based DeFi protocols exceeded $88.7 billion.

When comparing the two ecosystems, we need to be clear whether we’re comparing the technology, the assets or both. All cryptocurrencies represent speculative investments in the development, use, and adoption of blockchain technology. A dApp is distributed on a blockchain, with users able to send and receive data directly without the need for an intermediary.

The 2021 bitcoin price rally added just $5.5 billion to the GBTC market cap. For instance, NFT transactions are the leading Ethereum use case, which Kendrick predicts will expand. Though he acknowledges that NFT market activity has faded, digital art prices generally follow broader crypto price flows — with the “crypto winter” coming to an end, NFTs should recover as well. Meanwhile, demand for ether will climb as it finds new use cases, while trends that rely on the cryptocurrency are set to expand. Ethereum is now using a consensus protocol called proof of stake(PoS). Ethereum was built to be built upon, and it allows smart contracts to function while also offering developers the ability to increase scale through Layer 2 solutions.

A version of this, called “proto-danksharding,” is set to be introduced in early 2024, and would significantly lower transaction costs on the blockchain. Ethereum focuses more on establishing itself to facilitate and monetize the operation of the Ethereum smart contracts and dApp platforms. Bitcoin originated as an alternative to national currencies and this aspires to be a store of value and medium of exchange.

It perhaps isn’t the best Bitcoin alternative, though, as there are other cryptocurrencies that have the same purpose as Bitcoin, and run on newer technology and protocols. Even if you’re brand new to crypto, I’m going to take a guess you’ve already heard about blockchain technology. When you make a transaction such as sending Ether to a business’s Ethereum address, you pay an Ether fee, just as you would pay a Bitcoin fee to make a Bitcoin transaction.

However, if you are new to the ecosystem, you will definitely ponder over what makes Bitcoin and Ethereum different when both of them are blockchains. The time of the Ethereum block or transaction speed is only seconds. When you enter the fascinating new world of crypto, one of the first questions you’re going to ask yourself is about the discrepancies between Ethereum and Bitcoin.

Hardware wallets, on the other hand, allow users to take the security of their private keys into their own hands with a physical piece of equipment. Using a hardware wallet for the first time means connecting the device to your computer or smartphone and installing the relevant interface software. When you initialize this connection, the wallet will  automatically generate a secret recovery phrase (or seed phrase). This code is like the master key to all of the accounts the hardware wallet protects. From there, you can generate multiple crypto accounts and manage them on that device.

All of these things, taken together, will protect you from most threats. So when you’re using a crypto wallet, either to send or receive crypto, it’s strongly recommended that you check, double-check, and even triple-check that you are using the right address and network. Keeping your crypto wallet secure is more important than ever, and that’s why we are going to be covering the top 10 ways you can keep your funds safe. Keep your assets safe even when the computer you’re using isn’t secure. Hardware wallets give you an extra layer of protection against cyber attacks, phishing sites, and malware.

This would store a copy of your keys on your internet connected device, which wouldn’t be very safe. When initializing your hardware wallet for the first time, you will be prompted to write down 24 words on a Recovery sheet. These 24 words are called a recovery phrase and are a human readable back-up from which all your private keys are derived. They are used to restore access to your crypto assets on another Ledger device or any other compatible wallet.

Table of Contents

Hardware wallets are often considered cold storage, as they isolate your private keys from the Internet, mitigating the risks of your assets being compromised in an online attack. Platforms like Radar Relay let you trade directly from your hardware wallet. This is the safest way to trade digital assets as you retain custody of your tokens at all times. The assets trade straight from your wallet rather than being deposited to an exchange wallet.

To the extent any recommendations or statements of opinion or fact made in a story may constitute financial advice, they constitute general information and not personal financial advice in any form. As such, any recommendations or statements do not take into account the financial circumstances, investment objectives, tax implications, or any specific requirements of readers. He has more than 20 years of experience publishing books, articles and research on finance and technology for Wired, IDC and others. He is the coauthor of Uninvested (Random House, 2015), which reveals how financial services companies take advantage of customers — and how to protect yourself. In English Literature, spent 10 years in San Francisco and now lives in Portland, Maine.

How to Secure Your Crypto Wallet – Top 10 Ways

They are also resistant to physical damage and can be easily backed up or recovered if lost or stolen. In comparing various financial products and services, we are unable to compare every provider in the market so our rankings do not constitute a comprehensive review of a particular sector. While https://www.xcritical.in/ we do go to great lengths to ensure our ranking criteria matches the concerns of consumers, we cannot guarantee that every relevant feature of a financial product will be reviewed. However, Forbes Advisor Australia cannot guarantee the accuracy, completeness or timeliness of this website.

If you don’t have anything in your wallet, you won’t draw the attention of thieves. The concept of a multi-signature (multi-sig) has gained some popularity; it involves transaction approval from several people (like three to five) for it to take place. This limits the threat of theft as a single controller or server cannot carry out the transactions (i.e., sending bitcoins to an address or withdrawing bitcoins). The people who can transact are decided hardware cryptocurrency wallet in the beginning—when one of them wants to spend or send bitcoins, they require others in the group to approve the transaction. Of all the options available to you for storing your keys and securing your bitcoin, the safest methods will always be those you manage yourself without a connection to the internet. After you’ve sent your bitcoin to the hardware wallet, it will typically take a few minutes for them to show up in your Trezor software.

How Does a Hardware Wallet Work?

These phrases allow you to recover your keys if you ever lose your storage devices or your access. Your keys are encrypted and a series of words are generated from that encryption that gives you access to your wallet. However, the wallet you use stores your private key, and wallets are generally software on a hardware device, which is hackable—thus, the weak link lies between the blockchain and the user. Losing your physical device is terrifying, but it’s not the end of the world. If it’s PIN-protected, someone that finds the device won’t easily access it. And if you’ve taken precautions and stored your backup safely, you can recover your coins.

All you have to do is set up multiple accounts and designate each for separate tasks. We know that hardware wallets are perfect for protecting your assets from online threats and hacks. But unfortunately, they can’t stop you from signing malicious smart contracts. While setting up this type of account is most user friendly on a hardware wallet, it’s also possible to use sound or paper wallets as your cold wallet too. However, hardware wallets are still the most popular and user-friendly way to set up and manage a cold wallet.

If someone steals your identity, they may be able to impersonate you and break into your accounts or open credit accounts in your name. Experian’s free credit monitoring will send you real-time alerts if someone uses your information to apply for a new credit account. For more protection, the Experian IdentityWorksSM programs monitor the dark web and additional databases for your personal data, and it includes identity theft insurance and resolution assistance services. You also have to look out for people trying to trick you into sharing your seed phrase, investing in scams or inadvertently giving them access to your exchange account.

Good quality cyber security is very dynamic and is always trying to keep ahead of the threats. Your computer or device will usually have some kind of antivirus software installed, but it may also be a good idea to consider investing in some third-party security software. Crypto scammers won’t know to target you if they don’t know you have cryptocurrency. So it’s an excellent idea not to brag about investments you’ve made, or how much bitcoin you have on social media. By using services like 1Password or Dashlane, you can manage your passwords easily and efficiently in a way that doesn’t leave you vulnerable to hackers. Often, public wifi systems are not encrypted, and that makes them vulnerable to malicious actors.

• He’s covered a range of topics, such as tech, travel, sports and commerce.
• Scott Nevil is an experienced freelance writer and editor with a demonstrated history of publishing content for The Balance, Investopedia, and ClearVoice.
• Hardware wallets are often considered cold storage, as they isolate your private keys from the Internet, mitigating the risks of your assets being compromised in an online attack.
• Hardware wallets usually include a clearly visible holographic sticker (or another kind of security feature) that can be used to alert a potential buyer.
• Follow the instructions to create a new wallet for each type of crypto you are trying to store.

The compensation we receive may impact how products and links appear on our site. As the saying goes, “loose lips sink ships,” and this is certainly true in the world of crypto. That means never sharing your password, private keys, or any other information with strangers. According to Norton Security, a whopping 600 million users around the world have fallen victim to cybercriminals because they were using public wifi or an insecure connection. This website is using a security service to protect itself from online attacks.

Tor Browser: What is it and is it safe?

For the full details, check out the article on how to choose a hardware wallet. But put simply, you should focus on a few key things including; its purpose, its flexibility, its accessibility and its security. The public key is the address you would share, allowing others to send crypto to you.

To explain, this is incredibly important, as anyone with your private keys can access your crypto. Knowing that fact, bad actors will try to discover your private keys in order to steal your funds; either physically or via your internet connection. Then, once they get hold of them, they can control your whole crypto address and everything in it. Choosing the right hardware wallet can help ensure the security and protection of your cryptocurrency holdings.

For that reason, it’s always advisable to keep your private key offline to limit any risks of hacking. Ultimately, choosing between a hardware and software wallet will depend on your needs and preferences. A hardware wallet may be the best choice if you invest a significant amount of cryptocurrency and prioritise security and peace of mind. However, a software wallet may be more suitable if you are investing a smaller amount or value convenience and ease of use.

Both Google Authenticator and Microsoft Authenticator will claim that these systems can reduce the chance of being hacked by up to 95%. While not insured in the same way as a bank, most of those listed exchanges will insure your funds up to a point in the event of some kind of breach. KeepKey’s got a ton of features, a massive screen and top-notch security. The Password Manager generates passwords that are intensely tough, while the learning curve is kept easy for all levels, getting set up and started in just three steps. Trezor’s Model T has a handy LCD color touchscreen built in that makes an already well-designed wallet even easier to use. There are a number of factors to keep in mind when searching for the best bitcoin wallet for you.

The value of this data is heavily reliant on how it is gathered, processed, stored, and interpreted. Because legacy systems cannot support unstructured and siloed data without complex and significant IT involvement, analysts are increasingly adopting cloud data solutions. As the financial industry rapidly moves toward data-driven optimization, companies must respond to these changes in a deliberate and comprehensive manner.

The automated process enables computer programs to execute financial trades at speeds and frequencies that a human trader cannot. Within the mathematical models, algorithmic trading provides trades executed at the best possible prices and timely trade placement and reduces manual errors due to behavioral factors. In the capital market hedge fund industry, big data analytics has become an essential tool for analyzing and understanding market trends and patterns, making better investment decisions, and managing risk. One of the main advantages of big data analytics in the capital market hedge fund industry is the ability to analyze vast amounts of financial data in real-time. This allows hedge funds to identify trends and patterns that may not be visible through traditional analysis methods.

Non-traditional sources of data like satellite imagery, internet web traffic, and patent filings can be used to compile this. The financial industry can acquire useful information that offers them an upper hand when making investment decisions, by using nuanced and unconventional data. In his role, Stuart is responsible for driving the strategy, development and growth across Acadia’s Risk and Data suite of solutions. Stuart has worked in the capital markets industry for over ten years, implementing a range of risk systems with financial institutions globally.

Coding Stock Breakouts Screener in Python: A Step-by-Step Guide

More importantly, the finance sector needs to adopt a platform that specializes in security. Tracking data at a granular level and ensuring that valuable information is accessible to key players will make or break a data strategy. The target is to get businesses that produce attractive sentiment and have positive valuations. The relationship between a firm and a positive theme in the market can be analyzed using big data. Data analysis became useful in many industries because acquiring and analyzing data is an essential procedure for any industry.

This can help hedge funds to improve the speed and efficiency of their investment process and reduce the risk of human error. This study develops a conceptual model of the 7 V′s of big data analytics to gain a deeper understanding of the strategies and practices of high-frequency trading (HFT) in financial markets. Empirical data collected from HFT firms and regulators in the US and UK reveals competitive asymmetries between HFTs and low-frequency traders (LFTs) operating more traditional forms of market trading. These findings show that HFT gains extensive market advantages over LFT due to significant investment in advanced technological architecture. Regulators are challenged to keep pace with HFT as different priorities to the 7 V′s are given in pursuit of a short term market strategy.

• Machine learning can be used to analyze collaborative data sets and provide unique insights and even predict disputes before they happen.
• Through structured and unstructured data, complex algorithms can execute trades using a number of data sources.
• Data integration processes have enabled companies like Syndex to automate daily reporting, help IT departments gain productivity, and allow business users to access and analyze critical insights easily.
• Trades are initiated based on the occurrence of desirable trends, which are easy and straightforward to implement through algorithms without getting into the complexity of predictive analysis.

These technologies enable finance professionals to analyze large and complex data sets quickly and accurately, providing valuable insights that can help drive business success. Overall, our findings show that Borsa Istanbul’s latest product “data analytics” can be extremely useful for various types of traders in the market whether they target individual stocks to trade or construct strategies that involve trading multiple stocks at a time. Accordingly, other exchanges around the world might consider big data forex trading introducing similar products for their customers to have a more transparent and fair trading platform. Indeed, gigantic data supply in the “Age of Data” from all sources that we use and share are growing at an unforeseeable rate (McAfee and Brynjolfsson, 2012). Global digital information capaciousness is expected to be around 44 zettabytes in 2020, which is 40 times larger than the number of stars in the universe, resulting in an enormous amount of data which is usually called it “big data”.

Test Automation and Examples of QA Tools

Any algorithmic trading software should have a real-time market data feed, as well as a company data feed. It should be available as a build-in into the system or should have a provision to easily integrate from alternate sources. Algorithmic trading is the current trend in the financial world and machine learning helps computers to analyze at rapid speed. The real-time picture that big data analytics provides gives the potential to improve investment opportunities for individuals and trading firms. At this very moment, the world is creating a whopping 2.5 quintillion bytes of data daily. This represents a very significant opportunity for leveraging the information in a variety of ways through processing and analyzing the growing troves of valuable data.

Thus, by effectively cultivating meaningful relationships with their customers and improving their ability to anticipate customer preferences, financial markets organizations can deliver new customer-centric products and services to seize market opportunities quickly. The core component in algorithmic trading systems is to estimate risk reward ratio for a potential trade and then triggering buy or sell action. Market risk is estimated by the variation in the value of assets in portfolio by risk analysts. Algorithmic trading uses computer programs to automate trading actions without much human intervention. Testing data at scale has become a critical challenge for organizations aiming to adopt advanced data analytics platforms.

So far, the main body of academic work on HFT is found in finance, with many studies using mathematical models to simulate HFT activities. For example Hoffmann (2014) shows how HFT sequential bargaining disadvantages the slower LFT traders whilst Aït-Sahalia and Saglam (2013) illustrate how HFT exploit data asymmetries to disadvantage other traders. A recent study looked at every message sent to the NASDAQ exchange for the S&P 500, and concluded that the high levels of order cancellations were essential for HFT firms to establish a true market price (Blocher et al., 2016). In 2012 algorithmic trade instructions sent by both LFT and HFT accounted for over 1.6 billion shares every day (Shorter & Miller, 2014, p. 14).

III. Trading with Machine Learning and Big Data

In today’s dynamic trading world, the original price quote would have changed multiple times within this 1.4 second period. One needs to keep this latency to the lowest possible level to ensure that you get the most up-to-date and accurate information without a time gap. It was found that traditional architecture could not scale up to the needs and demands of Automated trading with DMA. The latency between https://www.xcritical.com/ the origin of the event to the order generation went beyond the dimension of human control and entered the realms of milliseconds and microseconds. Order management also needs to be more robust and capable of handling many more orders per second. Since the time frame is minuscule compared to human reaction time, risk management also needs to handle orders in real-time and in a completely automated way.

Companies like Slidetrade have been able to apply big data solutions to develop analytics platforms that predict clients’ payment behaviors. By gaining insight into the behaviors of their clients a company can shorten payment delay and generate more cash while improving customer satisfaction. Since big data influences the financial system a lot, data storage infrastructures and technologies have been formed to enable the capturing and analyzing of data and come up with real-time decisions. This involves storing data in many platforms unlike where data is stored in one place on a single platform.

Seddon and Currie (2017) show that HFT gains extensive market advantages over LFT due to significant investment in advanced technological architecture. Big data in finance refers to large, diverse (structured and unstructured) and complex sets of data that can be used to provide solutions to long-standing business challenges for financial services and banking companies around the world. The term is no longer just confined to the realm of technology but is now considered a business imperative. It is increasingly leveraged by financial services firms to transform their processes, their organizations, and the entire industry. By using big data analytics, trading brokers can make informed decisions, predict market trends, and improve their profitability.

In this study, we examine whether these data analytics have any positive contribution to intraday trading strategies. We particularly focus on analytics based on the imbalance between the buy and sell side of the market. Several studies have shown that order imbalance contains predictive information regarding future price changes (see Section 2). However, in these studies, the imbalance is measured ex-post; therefore, even if it has predictive power, it has no real use by market participants. Therefore, our analysis can identify whether such an order imbalance is capable of predicting future returns when it is publicly available. Big data is completely revolutionizing how the stock markets worldwide are functioning and how investors are making their investment decisions.

Big Data in Derivatives Trading

Innovative big data technology makes it possible for financial institutions to scale up risk management cost-effectively, while improved metrics and reporting help to transform data for analytic processing to deliver required insights. Financial institutions are not native to the digital landscape and have had to undergo a long process of conversion that has required behavioral and technological change. In the past few years, big data in finance has led to significant technological innovations that have enabled convenient, personalized, and secure solutions for the industry. As a result, big data analytics has managed to transform not only individual business processes but also the entire financial services sector. Huge amounts of data are generated each day since online trading has simplified the job and it’s easier to view the market from your mobile by using an online trading platform or various stock trading applications.

Trades are initiated based on the occurrence of desirable trends, which are easy and straightforward to implement through algorithms without getting into the complexity of predictive analysis. Cloud-based data management tools have helped companies like MoneySuperMarket get data from several web services into data warehouses for consumption by various departments, such as finance, marketing, business intelligence, market intelligence, and reporting. Cloud strategies like these improve the path to purchase for customers, enable daily metrics and performance forecasts as well as ad hoc data analysis. Digitization in the finance industry has enabled technology such as advanced analytics, machine learning, AI, big data, and the cloud to penetrate and transform how financial institutions are competing in the market.

Regarding the content of our study, it is no surprise that the finance industry is one of those that not only generates a substantial amount of big data but also benefits from it the most. The company provides data analytics tools such as the trading indicator API, financial sentiment API, and brand sentiment API. Search engine optimization (SEO) is another area in which investors can use data analytics when making financial decisions. For example, being one of the leading social media marketing software, Raven Tools is a technical SEO that runs seven optimization engines and reporting tools in a single platform focusing on on-site audits, rank tracking, and reporting.