Published

  • 04:00 am

 ONE OF THE FIRST UK EXCHANGES TO BE REGISTERED AS A CRYPTOASSET COMPANY WITH THE FCA

One of the world’s longest-running cryptocurrency exchanges, CoinJar UK Limited has been officially registered by the Financial Conduct Authority (FCA) as a Cryptoasset Exchange Provider and Custodian Wallet Provider.

In January 2020, new regulatory powers were introduced to allow the FCA to supervise how UK cryptoasset businesses manage the risk of money laundering and counter-terrorist financing. Now these businesses must be registered and comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). 

While more than 150 businesses applied for the Temporary Registration Regime, CoinJar is very pleased to be one of the first crypto exchanges to be officially registered with the FCA. 

Headquartered in London’s Canary Wharf, CoinJar has actively structured its UK team to meet its compliance obligations, including hiring a dedicated UK Money Laundering Reporting Officer (MLRO), along with other compliance staff.

Asher Tan, CEO of CoinJar said,  “We are a long-established, highly regarded crypto exchange, so we are very pleased to have this official recognition by the FCA and to be one of the first to have received it.  As a business that embraces regulation and innovation in equal measure, the establishment of a clear regulatory framework from the FCA gives CoinJar long-term operating certainty in the UK, benefitting our investors and company partners.” 

In a sign of the increasing popularity of cryptocurrency, an estimated 2.3 million UK adults now hold cryptoassets, a rise of 400,000 since last year.  

Tan continues, “As the UK cryptocurrency market expands and matures, we can offer people a positive experience of buying, selling and trading digital currency. Alarmingly, there are still few legal crypto options here and far too many people are having bad experiences with shady companies that have no chance of ever being regulated. The FCA has said that a significant number of businesses aren’t meeting the money laundering regulations and an unprecedented number of companies have withdrawn their applications.”

Under the new regulations, any investor can check the FCA’s public register to ensure that a crypto company is operating legally.  There are three simple steps to check a company’s current licensing status:

Step 1: Check if the firm is on the Financial Conduct Authority Register or list of firms with temporary registration.  

Step 2: If they aren’t on the FCA Register, ask them if they are allowed to carry on business without being registered.

Step 3: If they aren’t allowed to carry on business, the FCA suggest withdrawing your crypto assets and/or money, as the firm is now operating illegally.

CoinJar, which was originally established in Australia, will be launching a number of new products in the UK this year including a white label service for businesses to provide state-of-the-art backend digital currency processing, and the consumer-focussed CoinJar Card Mastercard, which allows users to spend their crypto like cash, online and in-store.

Since establishing itself in London, Coinjar has signed a sponsorship agreement with Brentford Football Club, who are playing in the Premier League for the first time this year.  This is in addition to their partnership with Aussie Rules footy premiership contenders, the Melbourne Demons, who coincidentally are enjoying their best season in years.

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  • 06:00 am

Industry’s leading IT automation platform now re-architected for deploying portable automation at massive scale across hybrid clouds and edge environments while shifting automation left into application development  

Red Hat, Inc., the world's leading provider of open source solutions, today announced Red Hat Ansible Automation Platform 2 as the company’s new standard for hybrid cloud automation. Refined for the evolving realities of computing at hybrid cloud scale, the latest version of the platform adds self-contained automation capabilities while shifting automation more deeply into the application development lifecycle.  

In a study commissioned by Red Hat, 451 Research, part of S&P Global Market Intelligence, noted that respondents in its recent Voice of the Enterprise: DevOps, Organizational Dynamics survey identified the top cultural challenges of DevOps as overcoming resistance to change (35%), promoting communication between teams not accustomed to working together (34%) and breaking down silos (33%). As organization-wide collaboration becomes a priority, so does the need for product and IT teams to standardize automation practices around the needs of the business while extending automation use cases to drive greater efficiency. 

Hybrid cloud-native automation for a cloud-native world 

As hybrid and multicloud computing become critical IT components, IT organizations need automation platforms that can bridge traditional systems with these modern services, stretching from the enterprise datacenter to remote network edges. Ansible Automation Platform 2 is now fully restructured for a hybrid cloud-native world, making it easier for IT teams to address automation needs at scale across varied environments and systems in a standardized way. With the automation controller (formerly Ansible Tower), users can more reliably and consistently scale automation on demand, taking a systematic approach to standardizing automation practices while helping to reduce automation irregularities across the enterprise. 

Further addressing the need for automation at scale across the open hybrid cloud is automation mesh within Ansible Automation Platform. The capability connects disparate automation components together and provides status checks on automation environments across the IT estate. Automation mesh is designed to connect across diverse environments with dispersed networks for more flexibility and resiliency without sacrificing security features, so enterprises can better adopt and scale automation.  

Shifting left: Self-contained automation for developers AND IT operations 

With automation now spanning the hybrid cloud, the associated tools are no longer the domain of specialists. Both IT operations teams and developers must now be enabled as automators, but to do so requires automation technology that is easily portable, flexible and scalable to stretch across IT footprints. Ansible Automation Platform 2 helps extend the role of automator across the IT organization with its cloud-native architecture and new collaboration and developer tools for creating, testing, distributing and managing automation content.  

Ansible Automation Platform 2 introduces the concept of automation execution environments (taking the place of Ansible Engine), which deliver self-contained automation spaces that can be easily replicated and repeated across an organization. This helps teams scale and speed up the delivery of automation tooling across environments while also significantly reducing the operational overhead and complexity of maintaining a standard automation platform that spans the open hybrid cloud. 

Additionally, automation content navigator helps teams more quickly validate that automation content is working as it should across even the largest environments. This helps automators, from developers to sysadmins, maintain operational consistency across their systems, from developer workstations to staging platforms to production. 

The automation platform for Red Hat’s open hybrid cloud and edge portfolio 

Improved collaboration breaks down workflow and development silos between traditional servers and virtual machines and cloud-native clusters running Red Hat OpenShift. The Red Hat Ansible Automation Platform Operator integrates Ansible Automation Platform directly with Red Hat OpenShift, enabling smoother cloud-native deployment of automation clusters, easier management and migration of data and platform performance upgrades further cementing automation into cloud-native processes. 

Red Hat is the expert in Ansible automation, which is why Red Hat Insights is well-suited to keep automation delivering optimal outcomes across the open hybrid cloud. The service now contains the former Automation Analytics components with added features that include: 

  • Advisor for analyzing automation controllers against a set of recommendations from Red Hat’s deep experience in the space that assess availability, performance, stability and system security.  
  • Drift for creating an automation controller baseline that helps drive configuration consistency and better identify issues through historical system data analysis. 
  • Policies enables organizations to create unique internal policies that can identify and eliminate problem scenarios specific to their environment. 

Availability 

Ansible Automation Platform 2 Early Access is now available for all existing and prospective customers. Ansible Automation Platform 2.1 is slated to be generally available in November 2021. 

Supporting Quotes 

Joe Fitzgerald, vice president and general manager, Ansible Business Unit, Red Hat 

“We are seeing many organizations shift their automation priorities away from cost savings and towards agility and security. We are helping our customers to rapidly evolve their culture and processes, to automate at enterprise scale, some with tens of thousands of automation creators working across many teams and countries, sharing and reusing content. Red Hat’s Ansible Automation Platform 2.1 delivers next-generation architecture, collaboration and content to allow organizations to automate across their hybrid clouds." 

Jay Lyman, senior research analyst, Cloud Native and DevOps, 451 Research 

“While enterprises have broken down many of the barriers between different teams, particularly 

development and IT operations, silos still persist. Automation can help bring together different IT teams by codifying collaboration and communication, thus bridging silos. Communities of practice – teams within organizations that have a common technical or business interest – can promote sharing of trusted automation content that helps reduce finger-pointing and drives more success.”1 

1 Source: 451 Research, part of S&P Global Market Intelligence, “Driving DevOps Automation”, Jay Lyman, May 2021  

Michael McCarthy, delivery architect, Production Engineering Group, Gamesys 

“Our current priorities at Gamesys are scaling and becoming more geographically distributed. Being able to run containerized solutions has been difficult due to our use of virtual environments, which thus impacts our scalability. As heavy users of automation controller [formerly Ansible Tower], it’s valuable for the technology we’re already using to adapt with us. The direction of Red Hat Ansible Automation Platform enables us to execute automation in containerized environments, supporting new strategies for innovation in the business. Now, we can scale automation systematically across the enterprise with consistency and as demand requires to hit those two priorities with fewer barriers, using a platform that’s already integrated into our workflow.” 

Additional Resources 

Connect with Red Hat 

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  • 09:00 am

xpate’s next-generation payment solution Links will provide end-to-end operational risk and fraud management for Latvian bank’s payment services

Industra, Latvia’s leading SME-focused bank, has teamed up with xpate Links, an easily deployed turnkey payment gateway solution complemented by fraud control, dispute management, reporting and an extensive scope of consultancy support, to help streamline the bank’s acquiring process as it expands its payment services to meet accelerating demand. 

With soaring ecommerce volumes expected to hit $4.89 trillion in 2021, acquirers are on a quest to lower operational risks, cut costs and optimise payment flows. Links – xpate’s new turnkey payment solution – will deliver intelligent risk management and monitoring, comprehensive dispute management, including processing of all dispute stages for INDUSTRA as it gears up to provide enhanced acquiring services for its small and medium enterprise clients.

Launched in March 2021, xpate Links is a fast, single and unified solution designed to meet growing demand from acquirers amid soaring ecommerce volumes and an ever-increasing range of touchpoints, at a time when outdated legacy platforms are struggling to keep up with surging transaction volumes worldwide.

Offering global online omnichannel payment card acceptance, including Visa and Mastercard card processing, the Links white-label payment gateway is integrated directly with Industra’s payment processor, and on behalf of Industra collaborates with the processor’s incident management system.

Including intelligent and intuitive fraud control and management capabilities Links’ core strengths include: 

  • Individual fraud prevention set up at an acquirer and merchant level.
  • Transaction monitoring, combined with manual transactions’ review.
  • Setup of acquirer’s AML defined processing limits and sanctioned country lists.
  • Control fraud levels within IPS thresholds. 

Viktorija Raizina, Managing Director of xpate Links, commented: “Around two-thirds of acquiring growth is expected to come from ecommerce channels by 2022, with the traditional acquirer processing model being left behind as merchants seek more holistic solutions which unify all touchpoints.

Acquirers increasingly want a simplified operational flow that takes the complexity out of their day-to-day business operations and helps them expand faster with increased payment acceptance rates. As the world recovers from the pandemic, it is crucial that acquirers look to cut costs and optimise payment flows to meet surging ecommerce volumes and future demand.”

The in-built flexibility of xpate Links means that it can quickly adapt to a merchant’s information or status amendment, and clients get the reassurance of 24/7 technical support including payment gateway integration activities, testing and consulting. Comprehensive fraud and dispute reports are also generated and provided to acquirers, removing yet another administrative burden.

Yuri Adamovich, Chairman of the Supervisory Board, at INDUSTRA, added: “xpate has enabled us to focus on revenue recovery through simplified and automated dispute and risk management. Thanks to its cutting-edge functionality, in-house fraud and dispute specialists are no longer required, as Links manages all fraud and dispute control, including merchant issue and dispute cycles resolution.

With the difficult payment aspects taken care of, we are free to focus on what’s important – our customers. Our ambition is to become the bank of choice among small and medium Latvian businesses, and we are expanding payment services across a growing number of channels. With Links, we can provide our customers with cutting-edge ecommerce acquiring capabilities.”

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How the Payments Industry Must Rise to the Challenges of Our Post-covid World

Vijay Oddiraju
Co-founder & Chief Executive Officer at Volante Technologies

Everyone reading this is aware of the profound impact of coronavirus on both the general public and businesses around the world – but what can we in the payments industry do to meet the c see more

#payment #Technology
  • 07:00 am
It’s become critical to manage the human firewall to minimise risk and improve an organisation’s security posture
 
 It’s Cybersecurity Awareness Month at a time when cybersecurity awareness should be on everyone’s mind. The risk of attack has soared, according to Atlas VPN (https://bit.ly/3ojkQgI) – 45% of organisations globally were impacted by recurring cyberattacks, malware up by 358%, and ransomware by 435%. Anna Collard, SVP of content and evangelist at KnowBe4 Africa (https://KnowBe4.com), warns that social engineering is consistently the number one root cause used by ransomware and other malware attacks to gain initial access.

It has become absolutely critical to manage human risks effectively as it’s still the top attack vector used by cyber criminals.

“There are ways of mitigating the human risk factor and engaging with your employees on a deeper level,” she adds. “Approach the training with sensitivity, ensure that your people are engaged, and that their concerns are recognised.”

While simulated phishing campaigns are very effective in educating staff about phishing, a common mistake made by companies as they embark on these campaigns is to use topics that are sensitive or can cause upset. While scammers will use topics such as a fake bonus or lay-offs very successfully in their campaigns, it’s not a good idea to use them as part of the training.

“People don’t react well to this kind of campaign and often this can backfire on the company,” says Collard. “The best way to tackle sensitive phishing topics is to provide people with the tools they need to recognise potential attacks, and, perhaps most importantly, ensure that your employees are happy. Happy and responsible people are the best protection, so work towards creating this kind of culture to achieve long-term security success.”

Another key approach is to ask people for feedback after training sessions, and to use that feedback. Use the stick and the carrot approach rather than the terrify and torment one. If you combine negative incentives with positive ones, then people are more inclined to work towards a culture of security. This is further reflected by leadership. It’s important to get executive involvement that goes beyond sponsorship. You want your leaders to become the faces of your cybersecurity campaigns, and to walk the proverbial talk.

“People look to what their leaders are doing, so get a video clip of your senior team leaders sharing why security is important, or undertaking a phishing training course, to show that they are as committed to this as anyone else,” says Collard. “Add to this personal involvement by ensuring that you pull in all teams and silos. Work with marketing, internal comms teams, HR, and every other business department to create a comprehensive and holistic security culture.”

Another critical point is to ensure that you start off your campaign with a clear baseline. You can’t manage what you can’t measure so create a baseline view of your current security status quo by running a proficiency or security culture assessment and track this annually. This will help you to showcase improvements, and manage training more effectively. Finally, make everything fun, especially now.

“People are tired, burned out and living online, so don’t make your cybersecurity awareness campaign boring, tedious and time consuming,” concludes Collard. “Make it beautiful. Ensure that communications are seamless, that content is meaningful, and that every part of the campaign is worthy of engagement. And be human. Emotions are a powerful engagement technique, so use them in your content. Tell stories, use humour, and remember that, above all else, your employees are people first.”

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  • 06:00 am

Both Bitcoin and stocks are increasingly emerging as crucial investment tools, having registered a surge in value over the past year. However, despite Bitcoin's increase in value this year, some stocks from the traditional sector have recorded a significant return on investment compared to the digital currency.

According to data acquired by cryptocurrency trading simulator CryptoParrot, among selected stocks, pharmaceuticals firm Moderna (MRNA) outperformed Bitcoin's return on investment in 2021 on a year-to-date basis by a whopping 243.87%, while the cryptocurrency underperformed the stock by -60.85%.

Semiconductor manufacturer Nvidia (NVDA) also outperformed Bitcoin by 57.84%. The digital currency underperformed the stock by -9.18%. Tech giant Google (GOOGL also outperformed the digital currency by 57.38%, while Bitcoin underperformed by -7.10%.

Elsewhere, from the financial world, Wells Fargo (WFC) outperformed Bitcoin by 54.61%. Banking giant Goldman Sachs (GS) also recorded higher returns by 46.98%. The bank's stock underperformed Bitcoin by -2.51%. Microstrategy (MSTR) also outperformed the cryptocurrency by 34.87%. On the flip side, the Bitcoin ROI underperformed the stock by -2.45%.

Stocks recovery boosts returns 

The report highlights the contributing factors behind the stocks outperforming Bitcoin in 2021. According to the research report:

"The stocks outperforming Bitcoin also highlights the recovery mode of the traditional markets. In 2020, the stock market experienced a turbulent moment at the onset of the coronavirus pandemic. However, the stock market has since recovered, with specific indices hitting record levels."

With the growth in the value of Bitcoin and stocks, both investment tools have emerged as diversifiers for portfolios. Notably, Bitcoin's role in an investment portfolio emanates from the asset's increasing role as a store of value.

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  • 02:00 am

Check Point Research (CPR) discovers cyber attacks on users of PIX, the instant payment system managed by the Brazilian Central Bank. Cyber criminals tricked users into transferring their entire account balances into another bank account, by distributing two malicious applications on Google’s Play Store.

  • Attackers lure victims into installing fake malicious mobile applications
  • Malicious mobile applications trick victims into granting accessibility permissions
  • Once granted, attackers can access the PIX payment system and proceed to steal money  
  • The app has since been removed from Google’s Play Store
  • Check Point recommends users remove the malicious apps from their mobile phones immediately

Check Point Research (CPR) detected cyber attacks against the users of PIX, the instant payment solution created and managed by the Brazilian Central Bank. The attackers distributed two different variants of banking malware, named PixStealer and MalRhino, through two separate malicious applications on Google’s Play Store to carry out their attacks. Both malicious applications were designed to steal money of victims through user interaction and the original PIX application.

PIX is considered the number one payment solution in Brazil, processing over 40 million transactions a day and moving 4.7 billion dollars a week.

PixStealer Funnels Entire Account Balances to Attacker Accounts

The first variant is dubbed PixStealer. Presented in what CPR calls a “slim” form, the attackers designed PixStealer with only one capability: transfer a victim's funds to an actor-controlled account. PixStealer’s “slim” presentation is a reference to the variant’s ability to operate without connection to a command and control (C&C) server, fostering ability to go undetected. CPR ultimately found PixStealer being distributed on Google’s Play Store as a fake PagBank Cashback service, targeting only the Brazilian PagBank.

When a user opens their PIX bank application, Pixstealer shows the victim an overlay window, where user can’t see the attacker’s moves. Behind the overlay window, the attacker retrieves the available amount of money and transfers the money, often the entire account balance, to another account.

MalRhino Hijacks Banking Applications Entirely

CPR went onto find a more advanced banking malware variant, capable of hijacking the entire PIX mobile application and other bank applications.  Dubbed MalRhino, CPR found the more advanced malware variant in a fake iToken app for Brazilian Inter Bank – also distributed via Google’s Play Store. MalRhino displays a message to its victim attempting to convince them to grant Accessibility permission. Once granted, MalRhino can:

  • Collect the installed application and send the list to the C&C server together with the victim's device info
  • Run banks applications
  • Retrieve pin from the Nubank application

Lotem Finkelsteen, Head of Threat Intelligence at Check Point Software Technologies:

“We live in a time where cyber criminals do not need to hack a bank to steal money. All a cybercriminal needs to do is understand the platforms that banks use and their respective pitfalls. There’s a growing trend where cyber criminals are going after the applications of institutional banks. This time, we found cyber attacks against the users of Brazil’s number one banking application. The attack involved two malicious apps, that at some point could be found on Google Play Store, but no longer. The attackers presented a slim version, which ran an overlay when using the legit application, and a full blown version that has capabilities to hijacking the entire banking application, eventually. We believe these cyber attacks to be a strong sign that cyber criminals are trending their activities around android banking malware, with the goal to transfer funds of victims to their own accounts. In a world where everything is done remotely due to coronavirus, We recommend users remove the malicious apps from their mobile phones immediately. I also strongly urge all users of bank applications to watch out for banking malware laced into mobile applications. CPR will continue to monitor the latest technological trends and how cyber criminals are taking advantage of them.”

 

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  • 07:00 am

RegTech company, Napier, provider of advanced anti-financial crime compliance solutions, has announced that Simplex, the largest fiat infrastructure for the crypto industry, has opted for Napier’s Transaction Monitoring tool as part of an upgrade to its anti-money laundering (AML) defences.

Napier’s Transaction Monitoring will give Simplex a systematic, intelligent review of its transactions and allow it to identify suspicious patterns of behaviour quickly and easily that would be otherwise difficult to spot amongst high volumes of data.

Based in Israel and founded in 2014, Simplex is an EU-licensed financial institution that processes and guarantees secure fiat-to-crypto payments. The platform already supports over 50 government-issued currencies and has a growing number of crypto-partners all over the world, facilitating a wide range of payment methods including Visa, MasterCard, Apple Pay, SEPA and SWIFT. 

Simona Jovaisaite, Compliance Officer at Simplex, said: “It’s our ongoing mission to make the purchasing process for crypto-currencies accessible and secure worldwide and we’re putting every system in place to ensure rigid compliance to international regulations.

"In recent years as cryptocurrencies have become more widely adopted, we have seen significant business growth, but as we have expanded our existing tools for monitoring suspicious behaviour proved too inflexible, so it was time for an upgrade. Napier’s solution now helps futureproof what is an essential part of our promise to provide a market-leading, secure platform by ensuring that Simplex is fully compliant in preventing money laundering activities.”

Simplex joins a growing list of companies around the world that have partnered with Napier to deliver anti-financial crime compliance, including tier one banks, payment services, FX, crypto and other financial services. The London-headquartered RegTech has also been expanding its global footprint with office openings in the Middle East and APAC, while its executive leadership team boasts backgrounds of senior roles at HSBC, Deutsche Bank and IBM, among others.

Julian Dixon, founder and CEO of Napier, said: “By harnessing artificial intelligence and machine learning, our technology massively reduces the pressure on compliance teams. It will help Simplex to spot unusual transactions, reduce false positives and identify risk easily and quickly, aligning with its goal to stay ahead of financial criminals operating in the crypto space.”

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  • 07:00 am

Bluebird Network, a communications infrastructure provider, utilizes their robust fiber network, two data centers and dedicated employees to keep businesses and organizations connected, while providing their clients with unparalleled  customer service. Bluebird understands the customer’s successes are the company’s successes, and they strive to help each customer succeed every day.

One such customer is Dan Brewer, Vice President of IT at Wilson Logistics – a family-owned trucking company founded in 1980, located in Springfield, MO. Recently, Dan voluntarily discussed the essential impact of the services his company receives from Bluebird’s fiber network and the Bluebird Underground Data Center, and why these services are imperative to his company’s day-to-day operations.

According to Brewer, “Wilson Logistics is a multi-line trucking company, about 1,000 trucks with seven facilities west of the Mississippi. Believe it or not, trucking involves a lot of analytics and data reporting. Without the data, everyone’s running blind, and we don’t have the ability to evaluate the analytics into our trucks.”

Brewer understands the value of a data center partner, having leveraged business colocation services since 2007. Wilson Logistics teamed up with Bluebird in 2019, largely in part to the facility’s reliability. Brewer continued, “I’ve worked with other data centers. But the reason I switched to Bluebird Underground was it was a little more of just a set it and forget it type data center. This is one aspect of our infrastructure that we, just quite frankly, don’t have to worry about.”

Brewer says Wilson Logistics uses more than just data center services: “We're also using Bluebird’s broadband fiber services, not only in the data center, but also at some of our facilities. The best thing I like about Bluebird fiber is just the reliability. We have not seen downtime with that. And the performance has been beyond what we expected.”

Pivoting back to the data center, Brewer says, “One of the reasons I like Bluebird Underground so much is because here in the Midwest, we tend to have tornadoes and large storms. With this data center being underground, they can take stormy weather across the top, and it never affects any of our facilities or any of the runtime. After being in an underground facility and experiencing the comfort level when a storm rolls by, I cannot imagine having my equipment above ground ever again.”

Brewer also mentions that he continues to use the Bluebird Underground Data Center to house his infrastructure because of the space and diligent security. Brewer shared, “In the previous data center I used, all the customers were grouped together on one big data floor. Here, everything is divided up, so I don’t have nearly as many neighbors around me, which gives me a little more comfort of who’s walking by my data center equipment as they come and go.

Similarly, Brewer mentioned that for Bluebird Underground, “There’s not a single door that you don’t have to scan or have some kind of security measure or an alarm if you don’t do something right.”

While the data center’s technological benefits and physicality impress Brewer, he notes Bluebird’s customer service is wonderfully dedicated and willing to go the extra distance in providing him what his company needs, including accommodating Brewer for an after-hours data center request. He further explains by saying, “Reliability here at Bluebird is not just technical, it’s also the people running it are invested in what we’re doing.”

Brewer continues, “They connect the dots of if we’re successful, they’re successful. Even though they’re a world class facility, it’s still a personable group that truly cares about me and how they can  help grow our business.”

When it comes to growth, Brewer feels confident in Bluebird’s capabilities to keep pace  with his company. He goes on to say, “Wilson Logistics is one of the top 10 fastest growing companies in southwest Missouri. One of the things that gives us comfort is knowing that as fast as we grow and expand, Bluebird Underground is going to continue to provide us the services and accommodations that we need for that growth.”

In a concluding statement Brewer said, “So, if a peer or someone else that was in my position asked me why they should use Bluebird Underground, I would ask, why would you not?”

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  • 09:00 am

 Tickeron, the quant-sourced marketplace for AI stock trading tools,  adds a new set of AI Robots to be used by active traders.

Tickeron, Trading experts, and quants developed “AI Robots,” which are automated bots that generate buy and sell signals. Tickeron has a set of customizable neural networks to create AI Robots that specialize in particular trading algorithms. 

AI Robots are valuable tools for traders of all levels. For example, in Real-time, traders may see how the AI Robots select equities, enter, and exit in paper trades. In addition, traders can adjust their selection of tickers from the given list by editing the expected number of trades per day alongside other statistics. 

The main feature of Swing Traders is the use of trailing stops to exit positions. The goal of the Swing Trader AI Robots is to increase average profit and decrease average loss. Trailing stops are helpful for traders who want to limit losses on long positions by setting the maximum percent they are willing to lose before entering a trade. For short positions, traders set an upper limit for the stock’s price, also available in percentages. If the stock moves favorably, the trailing stop adjusts accordingly.

The Entry Points (Buy signals for long positions and Short Sell signals for Short positions) are based on Real Time Patterns (RTP) Neural Network Engine. Trade ideas are then filtered using Stochastic, TSV,  MA, and other proprietary algorithms. The Exit Points (Sell signals for long positions and Cover signals for short positions) are based on short-term breaks of trends. 

“We see the global demand for automated stock trading bots is growing. As a result,  Tickeron finds experts who contribute to creating products for our marketplace. Swing traders often buy trends, so we provide creators with the opportunity to use our neural networks to develop new swing trading robots.” said Sergey Savastiouk, CEO and Founder of Tickeron. 

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