ES Algo 10K - 20 K positions / day

Hi all,

I'm futures trader since 2005, I'm trading on Jigsaw (DOM)

My best friend is a futures broker and I proposed to him to create and use an futures algo trading especially ES.

The target is to make 10 000 - 20 000 (los / win) positions per day before reaching the daily DD which is 0.5 %.

My question is: which language is faster for the fast excecution (C++, Python)?
I'd like to use Rithmic as a data provider.

Best regards

Anthony

 

If you have to ask which language is faster (C++, Python) I strongly suggest you stay with your Jigsaw (DOM) trading and do not embark on this project.

 

It is not the language but algorithm and ability to subtasks that matters.

 

I suggest you consider the API you want to use, then code to that. You use Rithmic data, how about the Rithmic APi?

 

Just one question: WHY ?

 

Thank you Sir, I will check that

 

Because you have no programming experience.

 

easy use dual FPGA cards from the HXT sub-family of Xilinx Virtex to build ultra low latency, high throughput trading platform without CPU intervention. oh and fortran..

 

what do you mean 10k positions? 10k contracts?

 

Unless you are an institution that uses HFT, the speed of execution isn't even an issue when it comes to retail algo trading.

To answer you question, C++ is inherently faster than Python, so naturally, one would assume that it is faster when it comes to algo trading execution. The question is how much faster is it?

With caching (.pyc), Python closes the gap, thus making your question even less of an issue. In my opinion, choose the language with shallower learning curve.