Hello, I like offer deal with my as with quant and trading system developer and programmer under the 50/50% profit split base. I researched and developed HFT model for CME E-mini. This model need CME IOM status leasing at least for reduce the CME fee and DMA for reduce latency (at least 500 microseconds in peak time from the order from exchange before the report from exchange with received report). On chart below I calculated the model with CME IOM leasing fee (for 71 trading days - i have CME quotes for this period). I tried run myself via Rithmic.com but they have big latency for me. FYI - My model need 500 microseconds latency in peak time. I'll pay for first 3 month Aurora hosting (like start with http://hfttech.com/) Then we will split hosting fee under 50/50% base. During the first month of live connection I'll able check market latency and model performance. Then I'll able run model live for 30-50 lots (sure I'll start from 1-3 lots and then increase it step by step). And I'm guaranty that I'll able compensate any losses after live tests. Notice that I have already researched and developed model that I run via Rithmic.com (C++ for RHEL) and I'll able run quickly. My estimation that I'll able run 30-50 lots with average daily $300-350 profit per lot. Then I can run FESX on EUREX - my model will work for this futures also. My model do not spam exchange and really available for start under the exchange order send/cancel conditons. I like offer set term of agreement to 12-18 month for CME & EUREX. Regards, Eugene.
Wow, so much information missing. The last 71 days have been a low volatility move to the upside. How does your model perform on a down day like July 31st? How did the trades go wrong during the drawdown periods during the 71 days? Does you model hit bids and lift offers or assume fills on bids and offers? What are the basic performance statistics? Data like average profit per RT, number of RTs per day, holding period per RT, maximum intraday drawdown and so on. What "CME volume bonus"? The Globex fee rebate is only for trades over monthly average 150 sides per day. What broker commission are you assuming? If you really believe that you will be "able run 30-50 lots with average daily $300-350 profit per lot" why do you need a partner? What do you expect the partner to put up? Just the IOM seat or the IOM seat and the capital? Why only 30-50 lots? Why not scalable to 250 or 500 lots? Even on today's big down day inside market on ES is 1,500 by 1,500.
For get CME DMA access i need $250 000 capital. I tried get access with my own lower capital but not successfully 30-50 lots value is limit because market is very agressive and there are a lot of another hft traders. Need be sure entry/exit to market. If you will buy quotes for me I'll test - n/p DM me if you wish get more info. Or SKYPE: ELabunsky Regards, Eugene.
For CME iLink access you need $500K. That is the minimum value in the risk check. Unless you can find an FCM in today's regulatory environment to provide you with more margin than your capital and their ID access. $500K is the lowest I've heard of. It was $1M last year. 1245
I have info that it's possible with $250 000. Any way I do not have $250 000 now for my own start. And yes, may be need $500 000.
Elabunsky, You've been trying to sell trading systems and signals for almost 10 years. Given that you haven't been able to come across $250K yet, it would suggest that a problem in your approach. My suspicion is that you overvalue the contents of your strategies and undervalue 1) expense of infrastructure, 2) difficulty in true implementation, 3) your 'unknown-ness' factor. If you are a complete unknown from a foreign country very few FCMs are going to want to give you DMA. Your focus/approach should be "how to I make someone $2-3M" so I can get in the door not "how can I sell this system" or "how can I partner with someone and protect myself". 50% net expense deals are quite uncommon for an ATS unless you are a very known quantity, reside in the US, and have a long track record of success. DMA is not 'plug and play'. You don't just buy a server, host it at the CME and throw a magical DMA api on there and let someone you don't know put on some random code. A reasonably fast DMA solution is more than just a fancy FIX message parser. It's all very customized - especially things like thread handling - and you'd have to have a pretty in depth understanding of the framework before even attempting to code your strategy.
Hahaha no kidding, Look at his forex system performance http://www.myfxbook.com/members/fxgrowthbot/forex-growth-bot/71611 That'll no doubt inspire confidence I've never seen a breakdown like that.
What about http://www.myfxbook.com/members/fxmonetizer/fx-monetizer-real-account/870185 it's another one my trading system...
Entry ticker to HFT now is not expensive - do not say my about a lot of troubles relates with it, please. When you see that I sale system? Never. If you have any question - DM me or stay out.