Alpha Trading Labs (WSJ article)

Discussion in 'Automated Trading' started by ajensen, Mar 23, 2018.

  1. ajensen

    ajensen

    Has anyone tried Alpha Trading Labs?

    https://www.wsj.com/articles/want-to-be-a-high-frequency-trader-heres-your-chance-1521797400
    Want to Be a High-Frequency Trader? Here’s Your Chance
    By Alexander Osipovich
    March 23, 2018 5:30 a.m. ET

    Luke Merrick, a senior at the University of Virginia, sings in the glee club and recently spent a summer in Japan. His latest hobby? High-frequency trading.

    The 22-year-old engineering student is among the first users of Alpha Trading Labs, a startup looking to bring ultrafast stock trading to the masses. The company says it has built technology similar to that used by industry giants Citadel Securities LLC and Virtu Financial Inc., which trade tens of billions of dollars worth of shares each day.

    Although high-speed trading firms typically keep their technology a secret, Alpha Trading Labs is throwing its system wide open, with a programming tool kit that anyone can use to access high-powered trading machines.

    The company, which launched its do-it-yourself platform in January, has invited anyone with a trading idea and coding skills to try it out. Those who craft successful algorithms can get a chance to run them and share profits with Alpha Trading Labs, whose owners have up to $100 million to allocate to crowdsourced trading strategies.

     
    epsimatic88, 777 and Slartibartfast like this.
  2. fan27

    fan27

    How many HFT shops use Python for their Algos in production? I would venture to say zero. And yet that is the language used by Alpha Trading Labs and they market their platform as built for HFT.
     
  3. Snuskpelle

    Snuskpelle

    If you find something that has value there's nothing stopping you from re-implementing in C++ or even FPGA or ASIC. Of course, the runtime of a fancy ML algo might still be too slow for short timeframes.
     
  4. fan27

    fan27

    Are you saying Algo Trading Labs platform supports C++? If that is the case they should mention that on their site as I did not see that there.