Truly automated trading
- Thread starter tradeday1990
- Start date
Quote from nononsense:
That's OK for run of the mill crappy systems.
But what if you have a REAL MONEY making system?
(1) Would you ever entrust your system to a programming shop;
(2) would you ever abandon your box in FCM's den?
1. SR is a software firm that doesn't trade. they provide server based solutions for automated trading systems. they sign a NDA and from my personal experience there is no chance of your IP (strategy) leaking
I know of several funds and CTA's that run SR based systems.
They (SR) also have a client side API that lets you run your system locally (still use the server for allocating the systems across multiple accounts)
2. why not? server would be more robust then a PC, FCM (the good onces) have good IT and offer better redundancy then local PC's. If you are all about speed , it would be much faster having the systems run from the same LAN that is routing orders to the exchanges.....
That somebody will steal your encoded system from a server and ruin the market?
Think about it on the other side.
Suppose somebody came to you and said, "hey I have this great black box system. let's trade it in massive size!"
--- Uh, where did it come from?
--- My friend is uber-hacker and works in IT of a broker and transferred it out on his USB keychain
--- How does it work?
--- I dunno.
--- What are the risk parameters?
--- I dunno.
--- What are the weaknesses and strengths in various kinds of market conditions?
--- I dunno.
--- What does backtest look like and with what data feed?
--- I dunno.
Would you buy a used car from this man?
Think about it on the other side.
Suppose somebody came to you and said, "hey I have this great black box system. let's trade it in massive size!"
--- Uh, where did it come from?
--- My friend is uber-hacker and works in IT of a broker and transferred it out on his USB keychain
--- How does it work?
--- I dunno.
--- What are the risk parameters?
--- I dunno.
--- What are the weaknesses and strengths in various kinds of market conditions?
--- I dunno.
--- What does backtest look like and with what data feed?
--- I dunno.
Would you buy a used car from this man?