Social trading networks are the latest invention in the world of finance. These networks aim to create a community of open book trading, where traders can view the trades, positions, and position sizing of every other trader in the network. Of course, there can be limitations to the actual access to a trader’s trading strategy, but paying a small performance fee may allow traders to view others’ trade ideas. A broker usually develops a social trading network from the ground up and mostly uses proprietary technologies that give them an edge over competitors. Of course, third-party service providers work with mainstream brokers to unify the trading network across multiple platforms.