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What is the security and compliance cost in algo trading software?
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The security and compliance cost in algo trading software depends on the level of protection and regulatory requirements involved. Basic security features like encryption and secure access can add around $10,000 to the overall cost of algo trading software. More advanced compliance measures such as audit trails, reporting, and meeting financial regulations can increase the security and compliance cost to $50,000 or more. Investing in these areas is crucial to protect your platform and comply with industry standards.
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