Hello gents, does anyone have any research on traders in uk? How many they are, how much they spend, how many profits there average? Or what about you? I would appreciate some help to be able to get a general view of the Uk trader. And another important question, is who around here sees any weight in knowing info from the market depth? People always followed the price, and made trades according to it, but wouldn't people want to be able to follow the institutions that move the price and make trades according to them?
Nowadays the best traders are C++ and Python algos running on multi-core CPUs in colos. Not blood, but electricity pumps through the arteries and veins of today's market. You will see a small team of seasoned vets overseeing a large group of Developers hired to write alpha-seeking code.
Kmiklas, what do you think would happen if every trader would have access to the results of those computations. Can you see the price chart as being obsolete and looking at a new chart, the market depth chart as being the evolution of technical analysis. Let's not think in a defeating way and say that only big institutions can use multi core CPU systems, those systems or the result of them can already be made available to traders for them to take their own decisions. based on something else than price pattern and all the rest of classical indicators.
If every trader had access to those calculations, it would basically be public news. Advantages of doing said calculations would be nullified as traders responded to projections; essentially, these calculations would be priced in. A retail trader can load market data into an array and calculate mean, median, mode, standard deviation, apply probability analysis... whatever maths you want. IB has a MD api. Data becomes an issue. It gets very expensive, very fast. Some data are not even accessible to the retail trader. I've been looking for a good Repo, MBS, and CDS market data feed myself.
I would be curious on your opinion here. What do you think would another good type of data to be able to do a different kind of TA. Something you never thought of, on a type of chart you've never seen before, having the price just as reference and not as main indicator. Do you think that market depth info would be sufficient to move the TA in the next stage, the evolution of TA?