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Automated trading system

subset of algorithmic trading, uses a computer program to create buy and sell orders and automatically submits the orders to a market center or exchange

Pronunciation
/ˈɔːtəmeɪtɪd ˈtreɪdɪŋ ˈsɪstəm/
/ˈɔdəˌmeɪdəd ˈtreɪdɪŋ ˈsɪstəm/
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