Currenex, HotSpotFxi, Lava - Pimps for the Banks? - No Scalpers

Discussion in 'Forex Brokers' started by danger66, Dec 21, 2006.

  1. sccz97

    sccz97

    The speed might be similar but if you are really that bothered by the speed, then fix is the only way to do. Let's say that on average it might 10ms faster but seeing as speed is so important to you .... that 10ms might just make the difference

    I know you directed this question at viper but I am aware of the the .net app that you can download frmo the cnx site which has tick charts ... these are however, as viper mentinoed, painfully slow and resource intensive
     
    #181     Jan 10, 2007
  2. Dan, I'm not including Y'all in this program stuff no harm intended. Before we got working on our own charting I was using the 5min CX charts that are "built in" to the CX platform, just to keep my esignal/tickquest entries honest and it was a disaster. Now as far as what the banks do and can do, basically whatever they want, but if your broker has a tight relationship with the PB's it may mitigate the rfq type action. But I have a Slow Samba like scalp system, so as far as picosecond trading I don't know. And I think the FIX is a better option.


    The Ever Watchful VIPER
     
    #182     Jan 10, 2007
  3. Ldamiani

    Ldamiani

    Which broker(s) are you trading with?
    Was the process of obtaining access to the API too difficult? Did the broker required any kind of pre-operational evaluation of your algorithm?
     
    #183     Jan 10, 2007
  4. sccz97, our trader is in a rural area of the UK, so I know that it will take close to 100 ms for the order to get to the CX New York server anyway, so 10ms might not be that significant for us to switch things around right away. Going forward, I will definitely look at every way to minimize the execution time. I know that collocating a server with CX's with MCI in London and using a fiber optic connection will be ideal, but who knows what the cost of that would be.

    The Currenex guy spoke of the huge number of prices per second that CX sends and the inability of many traders to process those prices because of their bandwidth. Maybe that's the reason why the charts are so slow. The human eye can't detect so many prices per second anyway and that's why the Currenex guy suggested doing what HotSpotFxi does already - throttling or limiting the prices per second to 4.

    This is not something they normally do, but are planning on doing it going forward and will do it on a per trader basis if asked.

    Do you think that the graphs will be more reliable if the prices are throttled?
     
    #184     Jan 10, 2007
  5. Ldamiani, the process of getting access to the Currenex Java API was not difficult at all. You can do this with any Currenex broker.
     
    #185     Jan 10, 2007
  6. Viper, no harm done. Thank you for continuing to provide extremely useful information for all of us. I'm starting a petition to police the banks. Anybody want to sign it?
     
    #186     Jan 10, 2007
  7. Dan, you mean the police in the Black Helicopters, with the UN logo:D


    The Ever Paranoid VIPER
     
    #187     Jan 10, 2007
  8. sccz97

    sccz97

    the 10ms I quoted was hypothetical, I really have no idea and you'll need to do multiple stress tests to compare the two api's but in general no matter what a java lover will tell you, it's just not fast enough. The only java-based real-time financial application that I know to successfully implement time-dependant strategies is orc.

    In terms of the massive number of prices being sent from currenex, you have to understand that these are price/volume tuple changes, not prices changes. The bid at the top of the book at say can changed volume but not necessariyl price. I wouldthink you would not want to update your chart on that. All you need to do is handle the new data event and only update the chart when the actual price changes irrespective of volume. This will drastically decrease the number of chart updates even when the mkt is volatile. As to how and when the smartorder tick charts update you'll have to ask cnx.

    If the prices were throttled then yes... your charts will put less of a strain on the cpu, but you'll be getting potentially dead quotes, fine if you dont use the charts to trade off in real time.
     
    #188     Jan 10, 2007
  9. Seriously I can't see anything wrong with that! :D
     
    #189     Jan 11, 2007
  10. NFP was sick for some of us, eh? what a day.
    So i see we are talking API's. I'm building a FIX api now to trade real time. what systems is everyone putting on their API? i'm trading news mainly and Triangular arbitrage. i'm trying to build a system to stat arb too. anyone know any people well versed in stat arb?
     
    #190     Jan 11, 2007