Derivatives trading technology developer SpotOption announced today its latest platform version, Spot5, which it will present at the upcoming IFX EXPO in Cyprus, May 23-25. Spot5 focuses on complying with  Regulation  Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (FCA), the US’ Securities and Exchange Commission (SEC), Australian Security and Investment Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) are the most widely dealt with authorities in the FX industry.In its most basic sense, regulators help ensure the filing of reports and transmission of data to help police and monitor activity by brokers. Regulators also serve as a countermeasure against market abuse and malpractice by brokers. Brokers adhering to a list of mandated rules are authorized to provide investment activities in a given jurisdiction. By extension, many unauthorized or unregulated entities will also seek to market their services illegally or function as a clone of a regulated operation.Regulators are essential in snuffing out these scam operations as they prevent significant risks for investors.In terms of reporting, brokers are also required to regularly file reports about their clients’ positions to the relevant regulatory authorities. The most-recent regulatory push in the aftermath of the Great Financial Crisis of 2008 has delivered a material shift in the regulatory reporting landscape.Brokers typically outsource the reporting to other companies which are connecting the trade repositories used by regulators to the broker’s systems and are handling this crucial element of compliance.Beyond FX, regulators help reconcile all matters of oversight and are watchdogs for each industry. With ever-changing information and protocols, regulators are always working to promote fairer and more transparent business practices from brokers or exchanges. Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (FCA), the US’ Securities and Exchange Commission (SEC), Australian Security and Investment Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) are the most widely dealt with authorities in the FX industry.In its most basic sense, regulators help ensure the filing of reports and transmission of data to help police and monitor activity by brokers. Regulators also serve as a countermeasure against market abuse and malpractice by brokers. Brokers adhering to a list of mandated rules are authorized to provide investment activities in a given jurisdiction. By extension, many unauthorized or unregulated entities will also seek to market their services illegally or function as a clone of a regulated operation.Regulators are essential in snuffing out these scam operations as they prevent significant risks for investors.In terms of reporting, brokers are also required to regularly file reports about their clients’ positions to the relevant regulatory authorities. The most-recent regulatory push in the aftermath of the Great Financial Crisis of 2008 has delivered a material shift in the regulatory reporting landscape.Brokers typically outsource the reporting to other companies which are connecting the trade repositories used by regulators to the broker’s systems and are handling this crucial element of compliance.Beyond FX, regulators help reconcile all matters of oversight and are watchdogs for each industry. With ever-changing information and protocols, regulators are always working to promote fairer and more transparent business practices from brokers or exchanges. Read this Term in terms of trading products, as well as offering brokers and traders automated tools for running business activity and trading.

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Along with an upgraded mobile application and multi-platform solution, Spot5 focuses on providing brokerages with  Automation  Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime and no holidays. Many employers are purchasing robots to take the place of many of their employees that do repetitive or programmable activities. Robotic worked offers high rates of productivity and no need to worry about human resources regulations. Robots are a worthwhile investment. Automation in FinanceIn finance, automation is the use of software and computers to automate essential finance-related tasks. Financial businesses have adopted and promoted the use of new artificial intelligence (AI) technologies. In the early days, AI focused on labor arbitrage and shared services, but fintech soon recognized that process standardization was easily adaptable and could increase their efficiencies. In no time, computer savvy investors and brokers began developing and implementing automated trading systems and market scanners. These automated trading systems are programs that allow investors to set rules for entering and exiting trades. Traders and investors can turn exact entry, exit, and money management rules into automated trading systems that enable computers to perform and monitor transactions. Once those rules are programmed, a computer can automatically process and open trades based on the limitations built into the program. Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime and no holidays. Many employers are purchasing robots to take the place of many of their employees that do repetitive or programmable activities. Robotic worked offers high rates of productivity and no need to worry about human resources regulations. Robots are a worthwhile investment. Automation in FinanceIn finance, automation is the use of software and computers to automate essential finance-related tasks. Financial businesses have adopted and promoted the use of new artificial intelligence (AI) technologies. In the early days, AI focused on labor arbitrage and shared services, but fintech soon recognized that process standardization was easily adaptable and could increase their efficiencies. In no time, computer savvy investors and brokers began developing and implementing automated trading systems and market scanners. These automated trading systems are programs that allow investors to set rules for entering and exiting trades. Traders and investors can turn exact entry, exit, and money management rules into automated trading systems that enable computers to perform and monitor transactions. Once those rules are programmed, a computer can automatically process and open trades based on the limitations built into the program. Read this Term from both an operator's and trader's perspective. The developers also say that as CFDs and Digital Contracts are approved trading instruments by major regulators worldwide, they are henceforth at the forefront of the new Spot5 platform.

“SpotOption has always aimed to be ahead of the trading industry needs,” says Pini Peter, founder of SpotOption. “We’ve noted that in order to truly be a recognized and global brokerage, operators need to get regulated, and get automated. Prepared for the industry evolution, this is the driving force behind the development of the new autonomous brokerage solution.”

The Spot+ automated sales, marketing, and retention system allows traders to pass on call-centers, and let technology do the work for them. With Spot+, marketing material can pass compliance checks, so operators can rest assured that no boundaries have been crossed.

The Spot Algotrader feature was developed to provide traders with automation as well, to implement and create formulas and strategies. The Algotrader allows traders to rely on their analytical skills to form strategies, share them, or sell them.