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PRT ProOrder Code Confidentiality

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Successful automated trading systems are scarce. The ProOrder code is not encrypted/compiled and can therefor been accessed. How do IG prevent this?

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Have you found "the holy grail" trading system?ūüėČ

If you are profitable and trade big size IG may have to hedge?

"

Protection of your codes

  • Encryption of your codes:¬†your codes are encrypted by encryption keys before being sent to the ProOrder server. They are not transmitted over the internet without encryption. In addition, to preserve the confidentiality of your codes, no ProRealTime employee knows all of the encryption codes.
  • Security audits:¬†ProRealTime organizes voluntary security audits on a regular basis and applies recommended action plans to reinforce IT security.
  • ProRealTime internal rules:¬†ProRealTime does not execute orders for itself via the ProRealTime platform or ProOrder technology. Also, our IT charter and our conflict of interest prevention policy require all employees to declare their operations on financial markets, including via ProRealTime and via ProOrder technology."

https://trading.prorealtime.com/en/automatic-trading

 

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Thank you Kodiak. I wish I found ‚Äúthe holy grail‚ÄĚ. If IG can access your account they can access your prorealtime code. How do IG prevent this?¬†If I understand your answer prorealtime encrypt it but the code is still available in your IG account.¬†

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    • Thanks @CharlotteIG¬†! That's reassuring. I'm sure IG have already seen this, but someone on twitter linked to this Policy Statement from the FCA, saying that it will come into effect on 6th January: https://www.fca.org.uk/publication/policy/ps20-10.pdf "Prohibiting the sale to retail clients of investment products that reference cryptoassets"¬† Incidentally the trader¬†¬†on twitter who linked to that, was commenting on the recent drop in bitcoin¬† and said "Crypto exchanges started announcing liquidation of UK customer accounts ..not surprising BTC sold off." Best wishes, Cate
    • Hey @Tezzza,¬† If you're receiving statements in the post you can stop by emailing us with a request to stop sending them.¬† If you're referring to the emailed statements you receive everyday this can't be stopped. Once of the regulatory guidelines is to keep clients informed on their trading. Our email statements is how we do that. However, some clients have a separate folder in their emails to forward these.¬† All the best¬†
    • Hey Cate,¬† It is true that the regulators are looking to put a ban on Cryptos however there hasn't been enough information yet for us to take action. When we have more information we will reach out to client regarding their positions.¬† I completely understand and closing positions isn't something we want to do but we will have to stay inline with regulator guidelines. Please know, we will keep you updated.¬† All the best.¬†
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