Professional market maker (options) software?

Quote from Elitist Trader:

Most market makers i know have custom made software... Sorry i cant be more help then that.
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This.

You need a creative strategy to make money in 2011...
This virtually always implies building custom software systems.

At the very least...
You will have to get a high-end solution with a 1st class data warehouse...
You're talking 5 figures/month...
And then add extensive custom features via their API.

There are NO successful trading firms running off-the-shelf software...
This is a myth believed by people with $10K accounts.
 
quote from: nlnico

Hey,

thanks for wasting your time on elite trader; you're probably a successful and busy options trader answering msgs at 11am while the market is down more than 1%...

According to your argumentation - and whatever i'm doing or thinking of doing - you shouldn't have answered me.

Goodbye!
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I never maid any claims about my trading. I simply found this thread interesting as it has to do with an area I am familiar with. So regardless of the time I answered it I gave you valuable information. You can get defensive if you must, but I am giving you advice comes direct from experience. You can take it or leave it.

Here's another tip:

Work on your abstract thinking skills.

You'll probably leave that advice as well, at your own peril.
 
Quote from teun:

Yes, but in that case the remaining problem is that broker commissions for directed orders are relatively high (probably most retail brokers don't even offer the possibility to direct an order).
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Why would someone making markets use a broker that crappy?

Charging extra for directed orders is an almost certain sign that the broker is shaving $ from their customers via either internalization or payment-for-order-flow, both of which I'm pretty sure will cost you far more, on average, than the extra fractions of a penny required to send the order to a legit exchange. Of course, most retail customers don't know about this, so it's more or less tolerated, despite the misgivings of many in the SEC.
 
Trying to get a view on the algo/ black box trading landscape. Does anyone have an updated view on how the Orc liquidator compares to competitors in terms of technology, user friendliness, connectivity speed etc.?
 
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