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Backing up with DSL sounds like a good idea, if you can quickly and smoothly switch. I think your internet access provider combined with the equipment you have at home can never equal reliability of a remote server in a premium datacenter though. Of course, it all depends on what you expect...

I think hosting a trading program on your own desktop computer with retail internet connection is really not an option when you're trading with real money. The connections are just too unreliable. One, or even two remote servers (one backing up the other) could have been had for a monthly...

I don't see your last highlight mentioned.