Prop trading (Black box)

M

macrotrader

I am currently based in Europe and thinking about moving to Canada to trade for a prop firm. I trade fully automated, mostly small- and midaps. Echo and Bright get mentioned often as two very respected firms.

However, I am bit disappointed by the comments on the infrastructure. There is a lot of negative feedback on Sterling trader Pro. Are there other plattforms available through Echo? Any other firms I should be looking into? Thanks.
 
This has always been the problem: the prop trading platform.
When I evaluated Hold Bros. I came to the same conclusion.
There appears to be a huge opportunity for someone to start-up a black/gray box prop form.
 
Though RediPlus, the GS platform is now 1000% better than the "old days" - our black box guys seem to simply go with a FIX connection, and seem to be doing fine. Many do just write to the API and use Redi as well.

FWIW,

Don
 
Quote from Don Bright:

Though RediPlus, the GS platform is now 1000% better than the "old days" - our black box guys seem to simply go with a FIX connection, and seem to be doing fine. Many do just write to the API and use Redi as well.

FWIW,

Don
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Don how well does the FIX stuff work with other popular platforms? I know some guys swear by it but I personally would rather just code straight to the API. I use sterling with 10.6 esignal and it does a pretty good job of managing the orders. The problem i have with using esignals api to put orders through sterling is comparability if I ever decide to go elsewhere. it's going to suck to recode with the right api calls. I'm always afraid of one-size-fits-all solutions but i'm interested in your opinion.
 
Quote from EvOTraderV2:

Don how well does the FIX stuff work with other popular platforms? I know some guys swear by it but I personally would rather just code straight to the API. I use sterling with 10.6 esignal and it does a pretty good job of managing the orders. The problem i have with using esignals api to put orders through sterling is comparability if I ever decide to go elsewhere. it's going to suck to recode with the right api calls. I'm always afraid of one-size-fits-all solutions but i'm interested in your opinion.
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There are traders more qualified in programming than me. I just go by what seems to be working vs. what there have been troubles with. My "black box" knowledge is limited to DDE links and Active-X via Excel. The experts do the harder stuff, LOL.

Don
 
Quote from EvOTraderV2:

if I ever decide to go elsewhere. it's going to suck to recode with the right api calls. I'm always afraid of one-size-fits-all solutions but i'm interested in your opinion.
More...
Exactly. Unless you put a lot of time and effort into the design of your trading platform and made both the data feed and order entry modules/classes abstract and configurable, you are hosed....and constantly stuck with a re-write when you move.
Note: platforms like Multicharts have already handled this problem.
Anyone know of a prop firm that has a licensing agreement with Multicharts ?
 
Quote from macrotrader:

I am currently based in Europe and thinking about moving to Canada to trade for a prop firm. I trade fully automated, mostly small- and midaps. Echo and Bright get mentioned often as two very respected firms.

However, I am bit disappointed by the comments on the infrastructure. There is a lot of negative feedback on Sterling trader Pro. Are there other plattforms available through Echo? Any other firms I should be looking into? Thanks.
More...

We use Green Mountain Analytics through echo. Our programmer won't support sterling anymore, and I can't blame him.

Edit: I'm doing a lot more manual trading lately, and the GMA platform definitely takes some getting used to, just so you know.
 
Hmm, so is GMA a solid quirky plattform or buggy? The docs looks rudimentary.

"ECHOtrade is home to some of the premier automated traders in the industry. " If that is so I wonder why they don't offer other plattforms.
 
Quote from macrotrader:

If that is so I wonder why they don't offer other plattforms.
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See my previous post....for the reason:
IT AIN'T EASY to support multiple platforms.
 
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