Let me be clear: All I want to do is trade using a computer program, in other words, I would like to do automated trading through a software connected to one or more electronic exchanges.
Then all I am trying to find out is WHAT exchanges will allow me to do that, in other words, to get a network connection to them to receive market data and place orders at will.
I imagine NASDAQ will require a lot of bureaucracy for someone to do that and he would have to be a company or a broker. However I may be able to reach nasdaq through a broker that offers electronic connectivity without any bureaucracy from the broker part. I understand that will have a latency impact.
I would imagine the unregulated FOREX market would have less bureaucracy.
So putting it simply: I (person not a company) would like to connect to some electronic exchange to perform automated trading on my own using computer programs. Which exchanges do you recommend in terms of no bureaucracy and ease of connectivity?
To learn more about the rules governing brokers who offer Direct Market Access for securities trading:
Let me be clear: All I want to do is trade using a computer program, in other words, I would like to do automated trading through a software connected to one or more electronic exchanges.
Then all I am trying to find out is WHAT exchanges will allow me to do that, in other words, to get a network connection to them to receive market data and place orders at will.
I imagine NASDAQ will require a lot of bureaucracy for someone to do that and he would have to be a company or a broker. However I may be able to reach nasdaq through a broker that offers electronic connectivity without any bureaucracy from the broker part. I understand that will have a latency impact.
I would imagine the unregulated FOREX market would have less bureaucracy.
So putting it simply: I (person not a company) would like to connect to some electronic exchange to perform automated trading on my own using computer programs. Which exchanges do you recommend in terms of no bureaucracy and ease of connectivity?
You might know a lot about HFT and quant, but it seems that you know little about how exchange works. You have to go through broker, or joint a prop trading firm, or buy a seat in the floor, then you can reach the exchange. There are no way you can deal with exchange personally and directly, just like you can't buy a iphone from Tim Cook directly. You have to go to the retail shop to deal with Apple.
There are no so-called "bureoucracy" will slow down your Market Data Stream and Automated trading if you work with a broker.
Using broker's API or FIX connection, you will receive real time tick data stream and have direct access to the exchange via a broker when you place your orders,
interactive brokers and a software environment like Sierracharts, NinjaTrader, AMIBroker etc... or get a Tradestation account and use their software. It's a piece of cake to learn programming in Tradestations language or learn C in Ninjatraders environment, no trouble connecting to interactive brokers via their API, that capability is built-in to all the software packages... or you can join all the buggywhippers posting in the Jack Hershey threads or on the psychology forums, LOL...
So putting it simply: I (person not a company) would like to connect to some electronic exchange to perform automated trading on my own using computer programs. Which exchanges do you recommend in terms of no bureaucracy and ease of connectivity?
Like somebody already told you: none.
What was your intended goal for asking this question?
-Real time tick data?
-Low commissions?
-Exotic and dark pool info?
All of these can be obtained via brokers and data providers. The quality of each depends on the amount of capital you can invest in them. After a certain point it gets very expensive though.
