Super fast trading - all automatic

[nitro]

Joe,

Thanks for the tips!! Very useful to know all this stuff.

Ugh, I don't have a $1/4M to open an account directly with them. I guess I need and introducing broker.

Any suggestions?

nitro

Quote from Joetrader:

REDI+ also has a FIX interface which I forgot to mention. REDI+ has a very easy to use VBA link to Excel. So I guess the answer to your question is "Some other proprietary API".

Tradefactory does not have a website and does not advertise. Oh I am sure there is a website called tradefactory, but it is not the tradefactory that SLK gives to its customers. They use to charge big bucks for tradefactory by the way.....then they decided to give it out for free to their clearing customers. You can get a watered down version of tradefactory built right into the new REDI+, but you have to ask for it, because they don't advertise it at all. You can also get a very powerful stand alone version of Institutional Portfolio Trader (IPT) and spread trader (both Tradefactory products). Tradefactory has a JAVA API that is literally thousands of prebuilt JAVA classes that control data servers, order servers, etc. It is the most powerful API anyone will lay there hands on for less than the 12K+ per month you fork over for Flextrade. It is easy enough to jump right into and it can send 100+ orders/sec. Tradefactory is also a stand alone portfolio (basket) trading software. You can open an account directly with SLK and skip the middle men. Most people don't realize that it is possible for an individual to do this. You get to keep the money the introducing broker would have been pocketing. I think you need 100K to open an equities, 250K to open and trade futures and options. The equities, options, and futures accounts are linked together so you just need to put money in one place. For 1.5M you can open a prime brokerage account which gives you the option of trading anywhere you like and clearing through SLK.

Regards

 

[Joetrader]

I dont really know many people in this business. Also, I don't believe many introducing brokers allow API access due to liability issues.

 

[nitro]

Quote from Joetrader:

I dont really know many people in this business. Also, I don't believe many introducing brokers allow API access due to liability issues.

Ok.

Thanks for the info.

nitro

 

[mercurial]

Here's one for the systems developers out there:

What kinds of issues do you encounter when implementing a high frequency system for futures?

If there is anyone on the board that has experience developing systems and creating apps that make use of one of the APIs mentioned in the thread I'd love to hear from you.

 

[mhoev]

Quote from nitro:

The Pat systems API is pretty stable as of last year when they changed their infrastructure. In addition, their software is relatively programmer friendly. (...)

nitro

Nitro, I like (and use) the Pats API for my own trading application, too. Talking about stability I am very pleased with that solution, too, but I have some issues with unsuccessfull reconnects after disconnects due to package losses.

My broker's primary ISP is cogent and it seems that the packages disappear in their network. May I ask you what your IB/FCM is and if you exerience such connection issues, too?

Regards
Markus

 

[nitro]

Quote from mhoev:

Nitro, I like (and use) the Pats API for my own trading application, too. Talking about stability I am very pleased with that solution, too, but I have some issues with unsuccessfull reconnects after disconnects due to package losses.

My broker's primary ISP is cogent and it seems that the packages disappear in their network. May I ask you what your IB/FCM is and if you exerience such connection issues, too?

Regards
Markus

Sent you a PM.

nitro

 

[laziz314159]

Quote from Banjo:

There is a group in Australia that has been doing this for a couple of years now. There are some guys from Hong Kong involved with them. They are basically a group of quant heads that employ their own ever evolving algorythms applied to index futs on the worlds bourses. They use unix machines and about 50 million usd cash for daytrading. The partners had to put up 8m apiece when they started. The strange part is that they created the system for horse racing, apparently some Asian horse tracks have huge payoffs. Racing is how I became aware of them. The point is that people are doing this around the world, the tech/info are readily available, the rest is pattern hunting within the framework of the larger reality of the moment and betting that micro history repeats itself to the x degree. There are some big players out there

I think you're talking about Macau (sp?). Pari-mutuel betting effectively lets the punters set the odds, so there are often pricing inefficiencies. There's so much money in the races there that it is possible to bet hundreds of thousands, or more, without shifting the lines.

There's a great article in Wired magazine (2 years ago?) about the horse racing funds out there.

Regards,
Laziz

 

[Scientist]

Quote from nitro:

Ugh, I don't have a $1/4M to open an account directly with them. I guess I need and introducing broker.

Any suggestions?

nitro

nitro, U don't have a 1/4M??? Whoa! I would've thought someone as excellent as you would long have stashed a lot more by now...?

So what does the loud caps lock part in your signature stand for / mean then?

 

[nitro]

Quote from Scientist:

nitro, U don't have a 1/4M??? Whoa! I would've thought someone as excellent as you would long have stashed a lot more by now...?

So what does the loud caps lock part in your signature stand for / mean then?

Touche (<--- I think that is how you spell it - my French stinks.)

nitro

 

[Scientist]

Quote from nitro:

Touche (<--- I think that is how you spell it - my French stinks.)

nitro

LOL! Neuvieme! Ah well I won't dig any deeper then. A world of cloud castles broke down for me, but at least you have a sense of humour!

*Neuvieme: fencing term for an unconventional parry, sometimes described as blade behind the back, pointing down.