Describe a trading-related app worth developing

[amorcitto]

Hello Dave,
I noticed someone replied that the only app worthwhile was one that could "look into the future". That made me grin a bit.
I have something special to share. Let me know if you`d like to see some preliminary charts/ results.

 

[ET180]

Someone needs to start a new company to compete with IB. Just make sure the front end isn't in Java.

The online brokers are too clueless to compete with IB.

Java isn't the issue. ThinkOrSwim is built on Java and it's responsive. I built my own software on Java for charting, scanning, trade recommendation, semi-automated order entry, and portfolio management and I don't have any issues with lag. I've even thought about offering parts of the software as a subscription product, but I figure if it is as useful to others as it is to me, then larger brokers would just copy it.

 

[ETJ]

An analysis of $TIKI data from the TRFs. You might find you'd want to trade it rather than selling it, but a thorough view would be valuable. Parsing hidden liquidity would also be of high value. It's all available, but it's expensive to feed.

 

[Sprout]

I'm coming off a career designing analytical apps for FCMs, hedge funds, and other financial services firms. Boiling it down, most of my work has been pretty screens and reports to analyze and rank trader performance, analyze portfolio risk in real-time, fire alerts, etc.

A lot of my work has also been in the area of hedge fund administration: Keeping track of pool investors, master/feeder interactions, allocation of P/L and fees, etc. So accounting tools, in other words. Not terribly exciting stuff but it paid well.

So now I can either retire or pursue another project. With that in mind, I'm trying to get a sense from the trading community if there's some software/app market niche that hasn't yet been filled -- or perhaps one that HAS been filled, but the product(s) are just too expensive for retail trader use.

I was thinking of building a platform that would hook into trader accounts at IBKR and other trading firms, provide in-depth performance analysis, allow users to share their data with other site users, maintain leader boards, create funds and apply fees, etc. But it looks like FundSeeder has that game pretty well covered; and they're offering it free of charge. Anything else you personally would like to see built?

A conversational chatbot that identifies a trader’s cognitive biases and logical fallacies and a personalized plan on how to mitigate them.

https://www.elitetrader.com/et/threads/open-ai-chatbot.371429/

If it was integrated with a portfolio tracking module, it could determine if one’s SL’s were too tight, time frame or risk level was appropriate.