XM
XM.com Representative
- Messages
- 51
r Pharaoh,
It was fairly easy to determine because the execution price did not exists at that time. The actual rate was much higher and, therefore, it allowed the client to open a position knowing that it will be immediately upon opening.
I am familiar with the concept of news trading and how certain EA's can be used in trading on the news. I can assure you that this case is not about news trading or EA's, it's about the client executing his orders at prices that were quoted 10-15 seconds ago, which clearly indicates that some exploit had been used.
Kind regards,
Andrey
It was fairly easy to determine because the execution price did not exists at that time. The actual rate was much higher and, therefore, it allowed the client to open a position knowing that it will be immediately upon opening.
I am familiar with the concept of news trading and how certain EA's can be used in trading on the news. I can assure you that this case is not about news trading or EA's, it's about the client executing his orders at prices that were quoted 10-15 seconds ago, which clearly indicates that some exploit had been used.
Kind regards,
Andrey