Registered: May 2010
06-30-12 03:22 PM
I am developing an automated trading system that has the following main execution criteria:
1- It plays around 10,000 orders per day per instrument.
2- The system will depend mainly ( about 80-90%) on pending orders.
3-The system has the ability to respond with " calculation and/or putting new orders" for every single price quote change.
My plan is to trade through LMAX. They claims that they have fantastic short execution latency for a retail broker. http://www.lmax.com/execution-performance
LMAX has to options suits me; either multicharts or API.
Now, i have a couple of concerns i hope to hear a pro opinion regarding them.
1- Selecting the suitable option: multicharts or API ( tradelink or open source java plateform ( algo trader)).
2- Being NOT a coder ( howerver, i have just started learning JAVA) and I will depend on coders to do the coding part, i want to protect my intellectual property.
1- to protect my IP, i will divide the coding on multiple coders.
2- i am worry about the need of multithreading in my system. I am not a coder but i believe this might be an issue when a number of events has to be done on the same time.
I would appreciate to listen to pro suggestions/advices from coders, ATS developers, pro automated traders, or whoever knows.