RJ O'Brien Launches Copy Trading Service
- RJO Echo Trading will allow users to mimic the trades of more experienced traders
US futures broker RJ O'Brien announced on Tuesday that it is launching a new copy trading service for its retail clients.
Called 'RJO Echo Trading,' the new program allows individual futures traders to copy an experienced trader by 'echoing' their transactions through an automated Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
Like copy trading services in the retail foreign exchange trading market, traders using the echo trading service will be then placing the same trades as the people they are following.
In a statement, RJ O'Brien said that it vets all traders before other users will be able to copy their orders. The broker said that it would be looking at the Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and trading strategies of anyone that wants to join the program.
Calling Echo Leader
Anyone accepted into the program will become an 'Echo Leader.' Anyone that passes the broker's application process will then be eligible to have followers.
Echo Leaders will receive a monthly subscription fee from each one of their followers.
In turn, followers can track multiple leaders at once. They can also put in stop losses, trailing stops and receive real-time updates on the trades that they are copying.
"We’re delighted to introduce this new program, enabling experienced, savvy futures traders to further leverage their success, while providing an alternative vehicle for novice traders and those who are too busy, offering them automated access to individuals with a track record of success," said RJ O'Brien's Futures executive director Donna Heidkamp.
"We continue to offer our clients the full breadth of RJO services so they can choose what works best for them.”
US futures broker RJ O'Brien announced on Tuesday that it is launching a new copy trading service for its retail clients.
Called 'RJO Echo Trading,' the new program allows individual futures traders to copy an experienced trader by 'echoing' their transactions through an automated Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
Like copy trading services in the retail foreign exchange trading market, traders using the echo trading service will be then placing the same trades as the people they are following.
In a statement, RJ O'Brien said that it vets all traders before other users will be able to copy their orders. The broker said that it would be looking at the Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and trading strategies of anyone that wants to join the program.
Calling Echo Leader
Anyone accepted into the program will become an 'Echo Leader.' Anyone that passes the broker's application process will then be eligible to have followers.
Echo Leaders will receive a monthly subscription fee from each one of their followers.
In turn, followers can track multiple leaders at once. They can also put in stop losses, trailing stops and receive real-time updates on the trades that they are copying.
"We’re delighted to introduce this new program, enabling experienced, savvy futures traders to further leverage their success, while providing an alternative vehicle for novice traders and those who are too busy, offering them automated access to individuals with a track record of success," said RJ O'Brien's Futures executive director Donna Heidkamp.
"We continue to offer our clients the full breadth of RJO services so they can choose what works best for them.”