Chapter 31: Modifications to Plans
Later that afternoon, in Tyler’s room, he let out a deep breath with a bright smile on his face.
He had just gotten off call with David, after convincing him to help him to create three more trading accounts for him.
Naturally, when David heard Tyler’s request, he was curious and wanted to know why he needed the account when he already had one.
Tyler explained to him that he needs the account for arbitrage trading—which shocked David even more.
He understood what arbitrage trading was and how it worked. From his understanding, the only way to do it effectively was by using a bot—a trading algorithm, to be precise.
But here was Tyler, asking for trading accounts to perform arbitrage. How was he planning to do that without taking massive losses?
Unless... he already had one. A trading algorithm. That would explain it.
But if that were the case, didn’t he realize it was illegal for an individual to use one without proper clearance? Without institutional approval? Was he trying to get himself into trouble?
These were David’s questions and fears, but Tyler did his best to alleviate them. He naturally knew that what he was doing was risky in the first place, and that was he was so worried about triggering regulatory flags.
Things with David had already been settled; all that was left now was securing the $10,000 needed to fund the initial deposits for the three new trading accounts—including his current one.
Tyler had already sent $2,500 to David for the first of the three new accounts.