#bstockscis BINANCE HAS CONNECTED BOTS TO TEN NEW bSTOCKS. WHAT DOESN'T THE BOT KNOW HOW TO DOđ«Ș?
Along with the listing $ALABB , $ASMLB , $ASTSB , $NFLXB, $SMCIB, and five more bStocks, Binance enabled Spot Algo Trading Bots for these pairs.
It sounds like automation solves the marketâs main problem 24/7. But the bot only follows the set rules: it places or repeats orders until the user looks at the screen.
It doesnât create a buyer or a seller on the other side of the order book. It doesnât magically narrow the spread. It doesnât add depth to the pair and it doesnât guarantee that the bStock price on the weekend will precisely match the next underlying price.
If the market is thin, automation will simply operate within a thin market. And an incorrect rule can cause the bot to repeat steadily and for longer than a person.
So automatic execution and the quality of the market itself are two different things. The bot removes some manual work, but it doesnât remove market, liquidity, or operational risk.
Is the bot a convenient execution toolâor a separate source of risk? @BinanceCIS #bStocks
Along with the listing $ALABB , $ASMLB , $ASTSB , $NFLXB, $SMCIB, and five more bStocks, Binance enabled Spot Algo Trading Bots for these pairs.
It sounds like automation solves the marketâs main problem 24/7. But the bot only follows the set rules: it places or repeats orders until the user looks at the screen.
It doesnât create a buyer or a seller on the other side of the order book. It doesnât magically narrow the spread. It doesnât add depth to the pair and it doesnât guarantee that the bStock price on the weekend will precisely match the next underlying price.
If the market is thin, automation will simply operate within a thin market. And an incorrect rule can cause the bot to repeat steadily and for longer than a person.
So automatic execution and the quality of the market itself are two different things. The bot removes some manual work, but it doesnât remove market, liquidity, or operational risk.
Is the bot a convenient execution toolâor a separate source of risk? @BinanceCIS #bStocks
