Gox's new trading engine and all of the upcoming exchanges (ex, Coinsetter) are completely unnecessary given the total volume on all current exchanges.
What a magnificent engine this is that a trader can't even put a protective stop loss, not to mention a trailing stop!
Gox will still maintain the lead [...]
unless someone who has experience in exchange / brokerage business finally sets up a quality exchange. If this happens Gox and others will die in 6 months.
Don't you think that the only reason for
BTC exchanges not to offer this facility is because they're all playing there own markets? I can't understand it otherwise. If your commission rate is based on volume and tied to price, you'd think they'd want you to trade often. I can put a limit order on buys at Bitstamp but because I can't stop loss I don't do it overnight, so they lose those trades. It doesn't make sense to me that they would turn down that margin unless that's not there business model. Profit comes from manipulation - the commission fees are just gravy.