Automated Order Execution via FIX

T

TSGannGalt

Well...

Previously, we've been using a broker provided API to execute our trades and I've got experience with coding Java/.NET APIs.

Fortunately, we've been doing well and rose up to an occassion where we can execute our trades directly with banks and FCMs. In order to do so, our firm is required to use the FIX protocol to communicate with banks.

Due to our IT team being, non-English speakers and pretty much a newbie in Network / Socket programming. I'm taking sometime off of trading (system development / monitering) to implement the FIX into our system from scratch.

I've been using QuickFIX and have been doing well, currently got the Initiator working with the bank's computer.

Now... I have a few questions:

I've got the networks connected... what should I watch out for in the future?

We use a simple OMS provided by the QuickFix for testing. What should I watch out for?

When I connect my actual trading models to the FIX, what should I watch out for?

...

Basically, I'd like to hear any problems and/or struggles that you guys had when implementing FIX.
 
Quote from Valdis:

SmartQuant startegy automation works hand to hand with QuickFIX, www.smartquant.com . Some FIX brokers are supported out of the box (Trading Technologies / Velocity Futures for example) and you can probably use SmartQuant source code to save time developing your in-house system.
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Anton? You're using an alias now...?
Still pimpin' your overpriced software I see.

Yeah yeah I know, supply/demand; development cost; blah, blah, blah...

You're simply takin' advantage of less informed end-users. Purely imho.

Btw, h stands for humble. :)

Edit In:
Oh sure, use the SmartQuant source code. Does it still cost 10's of thousands of $$$ in addition to the cost of the executables? I forgot the exact amount. Remind me.
 
Quote from Valdis:

PS. You can also consider asking QuickFIX / Oren Miller or Connamara Systems for FIX certification. It may happen so that they've already done this for your particular broker / bank or it will be more efficient in terms of time and money.
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Thanks. I'll e-mail Oren in QuickFIX.
 
Quote from Valdis:

.. but it's your choice indeed...
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I roll my own. It's really not that difficult to produce "high tech". My sw is about as high tech as it gets. So I know what's involved and where vendors cross the line of selling "high tech" to individual end users, at $$$ comparable to that of a corporate clientele market.

I'm simply a consumer's advocate speaking up when I feel that there's a definite need.
You're vendor venom imo, Antonio. Snake oil schlep.

If you did happen to consider bringing your prices down to an equitable value, for those unsuspecting potential users, I might then be praising you and the SmartQuant software suite.

jmho Antonio,
-kt
 
Quote from Valdis:

What I can't understand is why you always claim it's overpriced? It's quite in the range of TS / NT for retail customers :confused:
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So how much is SmartQuant?

Richard
 
Quote from Valdis:

SmartQuant web site says

Please contact us at sales@smartquant.com for licensing and pricing information.


So why don't you drop a message?
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So why don't you display the prices??

You gotta admit... not displaying the prices makes an intelligent inquisitor wonder about the sincerity of the company and the real value of the product. Hmmm, leaves impressions of shady dealings ..there Antonio.
 
Quote from ktmexc20:

So why don't you display the prices??

You gotta admit... not displaying the prices makes an intelligent inquisitor wonder about the sincerity of the company and the real value of the product. Hmmm, leaves impressions of shady dealings ..there Antonio.
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FWIW, the site used to have prices. I can't remember but it used to be in the $750 range IIRC. It was a long time ago and memory is fuzzy but I'm sure that's not far off.
 
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