I've thought about this after seeing the variations on bitcoin prices at different exchanges.
However, I don't know how actual arbitrage trading systems work. So I'm asking if this would be possible. Say bitcoin is at 650 at one exchange and 600 at another. $50 isn't much so the system would have to trade large lots to make good money.
Can one setup accounts at multiple exchanges and have an automated system log in to those accounts to do the trading automatically? I'm not quite sure if these exchanges even have interfaces/APIs for this but I do see them providing this in the future (if not already).
It would be interesting to hear any stories of introducing "program trading" into these bitcoin exchanges. Any insight would be appreciated.
However, I don't know how actual arbitrage trading systems work. So I'm asking if this would be possible. Say bitcoin is at 650 at one exchange and 600 at another. $50 isn't much so the system would have to trade large lots to make good money.
Can one setup accounts at multiple exchanges and have an automated system log in to those accounts to do the trading automatically? I'm not quite sure if these exchanges even have interfaces/APIs for this but I do see them providing this in the future (if not already).
It would be interesting to hear any stories of introducing "program trading" into these bitcoin exchanges. Any insight would be appreciated.