Progressive Trading in its purest form, is defined as the purchase of securities on one market for immediate resale on another market in order to profit from a price discrepancy.
This results in immediate risk-free profit. For example, if a security's price on the New York Stock Exchange (NYSE) is trading out of sync with its corresponding futures contract on Chicago's Stock Exchange, a trader could simultaneously sell (short) the more expensive of the two and buy the other, thus profiting on the difference. Progressive Trading uses a banking technique known as “Risk Limitation Technology” or more commonly known as RLT. [1]
Progressive Trading has been designed to be used on an array of Financial Markets, namely The Foreign Exchange Market or better known as “Forex”, and while trading between International Stock Market Exchanges. Progressive Trading and RLT has also been used with great success when trading with multiple bookmakers on all possible outcomes of a sporting event. The advantage to this Market (bookmakers) over other Financial Markets is the fact that all revenue generated is tax exempt.
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