Registered: May 2012
08-27-12 02:23 PM
Quote from quatron:
What should be minimum cost for such solution, roughly? Is it possible to get something working below $1000/month?
Did not know about SpiderRock. Thanks.
Nope. Actant is the least expensive because it can be run locally without a co-lo. You just need an Active data feed over the Internet. Actant will run you around $3000/month without a Co-lo. With the Active feed, you get to $3400 to $3500.
Instinet TradeSpeed is excellent for Vol trading but not automated.It also will not auto hedge. You will need an Introducing Broker that has a relationship to them if your small. Instinet only takes large account directly. The platform is free, they just pass on data fees. You can input your own vol curve and interest rates. Produce your own values. The options that have value based on that turn colors for opportunities, but you have to click to trade them. You can also set the vol curve to the NBBO at any time. Very nice platform.