Retail trading of futures is harder than equities, ETF's and pairs IMO.
I have nothing against technology. All I've ever said is that there is no "system" that will work, at least not for long against HFT IMO.
My $1million traders use great technology, I have no idea where you got that idea. Our traders can write to API, use the Goldman Auto Trade System (GSAT), whichever is cheaper for them.
I do question those who come to me with "systems" - I have seen hundreds over the years, and most, after a short conversation, have easily seen flaws in them. Other than that, I simply say "well, come aboard and try it." Some have their own, some pay $$ to outside programmers, some use our programmers. Why would I care how they enter their orders? No "luddite" here. Not sure where that came from, maybe some sort of definition of "program"??
What would have me "offer" people? We have API capacity, we offer FIX Protocol, what else would you need. Traders use whatever they like.
Something is wrong here. I've never had anyone take any of this stuff so personal with me, that I can remember. I may have upset you at some point, but with the hundreds of people I chat with every year, I doubt I said too much to hurt your feelings, if I did, I'm sorry.
All the best,
Don
edit: We don't do HFT or sub penny trading, is that what you mean? Who the hell does, not Echo or G2.
I have nothing against technology. All I've ever said is that there is no "system" that will work, at least not for long against HFT IMO.
My $1million traders use great technology, I have no idea where you got that idea. Our traders can write to API, use the Goldman Auto Trade System (GSAT), whichever is cheaper for them.
I do question those who come to me with "systems" - I have seen hundreds over the years, and most, after a short conversation, have easily seen flaws in them. Other than that, I simply say "well, come aboard and try it." Some have their own, some pay $$ to outside programmers, some use our programmers. Why would I care how they enter their orders? No "luddite" here. Not sure where that came from, maybe some sort of definition of "program"??
What would have me "offer" people? We have API capacity, we offer FIX Protocol, what else would you need. Traders use whatever they like.
Something is wrong here. I've never had anyone take any of this stuff so personal with me, that I can remember. I may have upset you at some point, but with the hundreds of people I chat with every year, I doubt I said too much to hurt your feelings, if I did, I'm sorry.
All the best,
Don
edit: We don't do HFT or sub penny trading, is that what you mean? Who the hell does, not Echo or G2.
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