Recent content by Shreddog

True enough, but as you say, they can watch your API calls. You better make sure it looks like a human making those calls for his charting program!

A lot of the burden is being placed on the vendors, as Robert alludes to with what is being done with the Sterling and LSPD APIs. And since you connect to the vendor's software, it's pretty easy to monitor what you are up to in terms of usage and control what programs connect to their API. It's...

What makes you so sure IB's consolidated data is OK? Couldn't NYSE argue the data is "derived"?

Look you guys, maybe you can draw charts, maybe you can't. But the main purpose of an API is to place computer generated orders and that's what most of us are doing. They are working their way up the food chain. Last year it was the pure data vendors that went through the audits. Now they are...

This is no joke. Individual automated traders are seeing their monthly costs go from 500-2K/month to 10-20K/month. Small traders cannot absorb this price increase. Forcing out market participants can't be what the SEC envisioned, yet here we are. The SIP should essentially be free, it is a...

The fast players can execute in well under 1 ms. Whether mom and pops latency is at 200ms or 400ms is irrelevant. Thats not even counting the time from hour broker to the exchange. Its like saying there's a difference between walking and crawling vs driving a Ferrari. Plus hft doesn't front...

I think you're really confused about the infrastructure involved. The HFT servers are in the same facilities as the exchanges and have been for years. Their servers are connected directly to exchange servers via a direct private connection. Their latency is measured in microseconds. Their...

You do realize that HFT's don't use the internet, right? The outcome of net neutrality has nothing to do with HFT. The latency disadvantage you're worried about has already existed for many years.

I think I heard he's working at Tim Hortons now. That could be just bs, not sure.

I'd recommend OCAML.

Green Mountain Analytics has a platform that is very competitive with Sterling for prop traders. Their API is socket based, uses text strings for messaging (but not FIX unfortunately), and does not go through the trading platform itself. I've been on it for 5 months after having been on Sterling...

How was New Zealand?

I was under the impression he's now based in Costa Rica.

I don't think this master of the universe would last more than a day in a classroom, cubicle or construction site. Especially once he finds out what his mad trading skills are worth in the real world. I know I wouldn't. :D Not getting up to pee isn't exactly a skill employers are looking...

It's a onetime snapshot of the current quote. It only fires once.