Automated trading options with IB or other firms - Any advice or comments? It looks like there is very little information can be found about automated trading options. Are there any options-specific issues or problems for practically doing automated trading? TIA.
I have put on option trades in an automated fashion from IB API. Its nothing special only thing is there is usually a 5 cent spread to combat. Br
Ditto. Gustaf mentions the main reason for lack of information on this topic - spreads. When penny spreads come around, things might change. MoMoney.
Are there any particular options would be most suitable for automated trading, considering such as liquidity (volume?)/ strategy/ underlying instrument (stocks/ bonds/ indexes/ commodities) , moneyness (ITM/ ATM/ OTM)/ etc. ?
How about TradeStation/ OptionStation? Q http://www.tradestation.com/optionstationSuite/OptionStationSuite_overview.shtm Automated trading, as it relates to direct-access electronic placement and execution of equity options trades, requires manual one-click verification before order is sent. UQ
Hi OddTrader, I see you have been mining the Options forums recently If you're interested in automated trading options, you might want to PM Metooxx as I believe he has been doing automated option arbitrage for several years now. Good luck! MoMoney.
Thanks MoMoney for the pointer. Yes, that's true. Seems I should start a hoop up thread for automated trading options.
Do you think the following offer from MB is useful? Q http://www.mbtrading.com/faqs.asp Am I charged a new commission every time I cancel an order? No. Even if an order is partially filled, you can use our "cancel/replace" feature to modify the order's price and/or size, without incurring an additional commission. UQ
Well their commissions seem to have come down but they still don't allow naked PUTs/CALLs etc. I'm not even sure they allow verticals or other multi-legged strategies. IIRC, their API is COM only. May or may not be an issue for you. Do you have a proven strategy in mind for automation? MoMoney.