It's the same both ways. You still need to convince a clearer to let you do it and need the credentials to do it (seat leases are relatively cheap). I haven't done it myself on a personal level, but general business practice if you're going through some type of sponsored access is to convince the clearer that you have a risk limit system in place and give them asynchronous access to your system (kill switch).Thank you..
You mentioned earlier that to have direct access you need to convince a clearing firm to let you do that and then get CME credentials for your connection (lease a seat?)..
What you just have described seems like a different way - are saying now that alternatively I can find a broker who has 'non-invasive' margining engine which wont delay my orders and with 200K in hand I can convince him to let me go straight to the FIX without doing actual 'direct access' and leasing a seat.
I know this kind of questions doesnt have much of PR value but if you would have time could you please just outline in very few words - how one can execute without margining delays..
It impacted them a lot. That's all I'll say about it due to ongoing discussions.hft: are you active in FX? If yes, how did the EBS randomization window impact your strategies?
It impacted them a lot. That's all I'll say about it due to ongoing discussions.
I do wonder what retail investors think about it though. Do you notice it? Like it? Analyzed it?
You need very very low fees to do only 1/10tick ... not possible for retail traderA typical ratio for non-equities trading (equities trading is quite different due to rebates) might be something like 90% scratches, 8% winners, 2% losers. Expected profit on the order of 1/10 tick per contract traded overall.
"Algorithmic trading" is beyond the scope of my expertise, but high-frequency trading can be very generally categorized between providity-providing and providity-removing strategies. As for their evolution, that's too broad to really describe but in general they've gotten faster and margins have gotten smaller all-around over the past decade.
Do HFT trader's lose money the way day trader's do?
Is the perception that HTF makes insane money accurate?
