Hello, JackRab! We use Black-Scholes model for option pricing. We will add other models in near future as well as provide you the possibility to customize of IV Curve.
Colleagues, last week we have updated a PTMC Beta platform with some changes and improvements. Some features have appeared for the first time, some of them were redesigned, and, of course, we have done some fixes. We realize that we are not perfect, but who is? And we do our best every day to become better and better! So, here are some words about the update: 1) As you already know, connection to CQG provides the possibility to work with any FCM broker and connected with the IB's. In addition to DirectFX we have added AMP Futures! If you have real accounts of this broker - you are free to work with it through PTMC (connect CQG). Also, we negotiate with Rithmic - worldwide data provider and execution system. 2) Order Flow Surface or the surface of limit orders. It shows changes, that has happened in the DOM. At the moment, we have realized a basic version, which only shows limit orders. We plan to add market orders, icebergs and orders with different conditions of execution. Feel free to let us know what you think about that! 3) For option traders we have redesigned our Option Master (Option Desk) to more familiar view. Also, we have added some columns - Greek Rhoe and Option monetary value by the Last price. In the nearest future, we plan to add few more columns and also to allow custom modelling the volatility smile. 4) Added a connection to OANDA V2.0. Now you don't have to write to it's support team to connect it to PTMC, the problem is solved. OANDA v.2 connection is available through PTMC. 5) Renewed the design of Drawing panel to make it more compact and easy to use. Also, now this panel can easily be dragged to the any side of the chart screen. 6) We have added a context menu with the aim to fasten the access to the Drawing instruments. What do you think about that? 7) For the traders that are familiar with the C# we have realised our API for integration with any possible brokers and data feeds, which provides their API .to allow connection. Here is the example of how can you connect to OANDA 2.0 and what methods and classes to use. You can test it all on the PTMC Beta, soon we will release it for the Stable version. And don't forget that PTMC provides free licenses! If you desire to promote us - you will have your license!
7) ie. MAE/MFE, Sharpe, Drawdowns. Your volume profile features are going to attract a lot of day traders. These people want to see trading performance stats much similar to NT and S4? S6? trading. Portfolio traders want a different set of metrics altogether. 8) Chat within the platform with other traders. CME allows you to actually copy and paste a deal for viewing through chat. So, other traders can get the link and take action. Just some ideas. Your platform is overly ambitious and I mean that as a compliment. You will have enough fires to put out as the application comes under scrutiny from the market. Applications with this breadth usually have the backing of deep pockets with a full bench of talent. I would recommend you take the Walmart approach and get market share fast thru aggressive pricing. Take a queue from Tradeovate (the CEO founded EOC Futures and is a trailblazer in the industry). That's my 2c.
This is actually a good idea... especially in options. If I were to create a spread or strategy... and trade it. I could then 'post' it on chat and others can easily trade the same if they want, by just simply clicking on the strategy in chat... and it would create the order ticket etc. We had something similar made in our propdesk system, where we could enter strategies which were currently active in the prof market (through brokers)... those always had a delta hedge on them and we could keep track of them at the whole desk... or even company wide... We would manually adjust the prices which came through the box or the phone and it would update through the system...
The platform looks good, please advice on questions below. Thank you. 1. For connection with AMP a. Is there any realtime data feed provided by AMP? If yes, what is the data source (TT, CQG, Rithmic) via AMP? b. What are the order types supported and which are stimulated locally and which will be monitored by AMP server? 2. For connection with IB a. What are the order types supported and which are stimulated locally on PC and which will be sent to IB server? b. Possible to access all IB order types via the mechanism of PMTC C# API - IB API? 3. Others a. Is there support for continuous futures contracts b. Is there support for spreads charting and trading? b. Does it support for offline mode for backtesting with locally stored historical data? c. What are the resolutions of locally stored data (ms, 1min, daily, bid/ask/trade)?
e. Is there support to record and download time & sales from different brokers and data feed? f. Is there support to download and import historical trades for performance analysis along with historical data?
Hi G_A, Thanks for your feedback. 1. You can trade with AMP via CQG, which also provides order execution. Demo account can be created at the official AMP website 2. IB connection supports all types of orders, which they pass on to their API. There are: - Market; Limit; Stop; Stop Limit; Trailing Stop; OCO; Market on close; Limit on close; Limit if touched; Market if touched; Trailing limit if touched; Trailing market if touched; Market to limit; Trailing stop limit; Relative; Box top; VWAP - Guaranteed; TWAP 3. IQFeed supports continuous contracts, but CQG not. At the moment we are working on the spread trading panel (there will be the spread charts, order placing) As well we are working on the Forward curve functionality. About backtesting, you can upload any data which provides a data feed.
This is interesting. If most of these order types can be mapped to: 1) simple clicks and key strokes 2) bracket orders via your trading DOM. Then, you have a fully functioning DOM with programmable Auto Trade Management strategies. Is it possible?
I think, yes, all these order types can be integrated into DOM. I will discuss with our analysts about this option and answer you on the next week.
Affordable software with what appears to be a usable options module? Great! I'll be trialing this now.