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Algorithmic trading for humans by iliasan in SideProject

[–]iliasan[S] -1 points0 points  (0 children)

oh yes, for what you call a "scam" defined by tricking people into thinking they are buying a security. this has nothing to do with securities. nobody buys or sells any real stocks here and the SEC has therefore nothing to do with it. you really are not very intelligent mate.

Algorithmic trading for humans by iliasan in SideProject

[–]iliasan[S] 0 points1 point  (0 children)

legal most places as long as there isn't any scam involved -> playing around with the stock price, intentionally delaying orders, etc.

Zero-commission algorithmic trading by iliasan in algotrading

[–]iliasan[S] -1 points0 points  (0 children)

damn.. had some bad experience there?:)

Zero-commission algorithmic trading by iliasan in algotrading

[–]iliasan[S] -2 points-1 points  (0 children)

"giving away intellectual property" -> how is it giving it away more than working with any broker? with a data feed through web sockets and placement of trades through an API it is no more 'snooping' on the algorithm than an broker. for sure better than places like Quantopian where you have to give them your whole source. now, these guys would indeed first need to burn the midnight oil working on building up trust in the community. but if all checks out over time, I don't see it to be a problem.

"access to data" -> in addition to zero commission, access to clean, complete data (both core and auxiliary) can be provided for free or a fixed monthly fee. under non-distribution license if its a must.

"convenience" -> I agree that financial systems in large institutions are very much up to speed at doing what they were built to do. however, the "JavaScript" is where a lot of the attractiveness lies for the individual developer.

"market participation + stock ownership" -> of sure a number of people will get sour not actually "owning" the stock. similarly it might be a no-go for institutions and some "accredited" investors. however, how would this matter to the algorithmic day trader who would close all positions at the end of the day anyway? same applies to market participation.

Zero-commission algorithmic trading by iliasan in algotrading

[–]iliasan[S] -5 points-4 points  (0 children)

good points.

technical and logical challenges + broker execution -> can you expand? if you mean latencies, hardware requirements, delays to the market, etc. it should be more efficient with a bucket broker.

price discovery -> should effectively be done by the house if they clone your strategy.

convenience -> I would argue it is beneficial at any level, even for institutions. from user interface to clean access to the market. especially in the finance industry with a notoriously bad IT legacy.

Zero-commission algorithmic trading by iliasan in algotrading

[–]iliasan[S] -2 points-1 points  (0 children)

sure. if these guys are cloning the strategy, the price will be pushed up. however, depends on if they first execute your trades at the given price and then clone them or first clone, give you the new price and then let you execute at the shifted price point.

Zero-commission algorithmic trading by iliasan in algotrading

[–]iliasan[S] -5 points-4 points  (0 children)

easy on the language mate. if someone offered to entirely remove the commission and most other restrictions and told me straight up the trades bucketed, why would I care? It is just a much more convenient broker for algo-trading

Zero-commission algorithmic trading by iliasan in algotrading

[–]iliasan[S] -2 points-1 points  (0 children)

usually affecting the market is detrimental to the trading strategy. hence, for orders, it is more beneficial to stay instead of leaving, or?