In the Algo trading app development, the trading platform matters the most. Investors and traders can trade and pay attention to stocks in real time. These platforms may take the shape of a mobile application, desktop application, or website accordingly.
There are mainly two types of Algo trading platforms:
- Commercial platforms are easy-to-use systems with trading newsfeeds, investor reports, and useful tools for traders and investors. Build a trading app like Robinhood Systems and Binance, algo trading platforms like these two are the best examples for commercial trading.
- Custom algorithm trading software development is custom-made for its customers. It needs particular attention to its trading techniques and it is known as a custom algo trading platform. Banks and other financial firms frequently employ their platforms.
Steps to Create an Algorithmic Trading App
Step 1: Creation of Algo Trading Platforms
Step 2: Develop a Trading Algorithm Approach
Step 3: Time frame and Frequency of Trade
Step 4: Historical Data for using Algo trading
Step 5: Demo account before live
Read also here: Step-by-step Guide to Create an Algorithmic Trading App