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Tradebot Systems provides liquidity to the stock market.
In the old days, liquidity was provided by specialists or floor-traders. In the past 15 years, their role has largely been replaced by sophisticated high-speed computer models. CNBC still reports live from the floor of the NYSE to preserve an outdated illusion for the public. The reality is the vast majority of the trading is now done by computers.
Each trading day, our algorithms analyze the market data and send millions of limit orders into the market. These limit orders often tighten the bid/ask spread paid by long-term investors. When the market data changes, our systems recalculate the price we are willing to buy or sell at, and adjust our limit orders in nanoseconds.
Competition makes good markets.
With a free market and low barriers to entry, the competition between Tradebot and other High Frequency Trading firms is very intense. It is the intense competition between participants that makes the markets better.
Tradebot's algorithms are extremely efficient and operate on razor thin margins. In the "good old days" the specialist margins were much, much fatter (and the public footed the bill). Some of these former insiders are the biggest critics of electronic trading. The public saves billions of dollars a year now that the bid/ask spreads have tightened.
Some claim the markets are not fair. Let's face it - the market is competitive.
Retail brokers and institutional brokers spend millions of dollars building systems
to help their customers get good fills. In most cases, the public receives great
executions in less than a second at very low cost. The markets work.
No more excuses. If you don't like your fills, get a better broker...
Some days Tradebot accounts for 5% to 10% of the total U.S. stock market trading volume. Tradebot focuses on stock trading in the United States and Canada. We have been profitable every quarter since our beginning in 1999.
We have approximately 60 associates, about half of which are traders. Software and networking teams constantly work to improve our technology. We are entrepreneurial and nimble. We hate internal bureaucracy and lengthy meetings.
Tradebot is a registered broker-dealer. We do not give advice, have customers, or manage money for others.
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