Fintech, Governance and Data Feeds
New exchange IEX is mentioned in this
https://www.bloomberg.com/view/articles/2017-02-23/fintech-governance-and-data-feeds
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!Any Recommendations on Cost Effective Data Feeds & Best Broker API for quant development?
Does anyone have any recommendations on cost-effective data feeds? I am working on automated trading strategy that requires pricing updates 3 times a day for stocks, options and a few indices (rates & equities).
Additionally, which broker has the best API. Right now I’m strongly leaning toward Interactive Brokers but welcome any recommendations.
==I would recommend IB too. Their API can be programmed in a fair few languages, execution cost is one of the best.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
This open source HFT platform has one big advantage: Multi brokers and multi data feeds in parallel
Can your retailing trading platform do this? Probably not. This where HFT strats shine. I can also set which broker to trade for lower transaction fees. These massive advanttages over what you are trading with.
Learn how I do here:
http://quantlabs.net/membership.htm
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!My chat with Lightspeed trading about basic API equity trading and market data feeds for NYSE open book and NASDAQ and AMEX level 1
Here is a chat I had with ‘Sean’ of Lightspeed. The API is very expensive to fund for access. Their rates for newsfeeds on American stock exchanges sounds affordable. Here we go:
Sean: Hello, Guest. How can I assist you today?
Non-English chat content is translated by Google Translate. Be aware that misspellings, slang or unrecognized words may lead to inaccuracies or inability to translate. Lightspeed does not ensure translation accuracy or accept liability for any damages arising out of your use of this service.
Guest: Hello?
Sean: Hello
Sean: How can I help you today?
Guest: Hi sean i got loads of questions about Lightspeed for forex
Guest: ready?
Sean: We are just an introducing broker for Gain Capital
Sean: So if you have any questions regarding forex, I would contact them
Guest: do you have an API i can use as a gateway for executing trades?
Guest: so do you focus on equity, futures, options?
Sean: correct
Guest: let’s focus on these then
Guest: do you still have an api for these? can you support c++?
Guest: or even c#?
Sean: Api for just equities
Guest: ok, how much does it cost to access?
Guest: a month i guess?
Sean: Just for basic equities?
Guest: basic meaning?
Sean: Standard package is $20 a month
Guest: what does that give you? just ticks? what exchanges?
Sean: NYSE and AMEX level 1 and NASDAQ level 2
Guest: can i get nyse level 2?
Guest: how much per month?
Sean: You can get NYSE open book
Guest: is this part of the NYSE basic?
Sean: No it is an additional charge
Guest: which is what?
Guest: charge per month?
Sean: $65
Guest: sounds good? do i access through an api using something like C++ ?
Sean: Correct
Guest: how much is needed to fund an account to execute trades through this gateway?
Sean: Hold on one second please
Guest: ok
Sean: $27,500
Guest: so that is the minimum to get started?
Sean: Yes
Guest: ok that is helpful. thanks very much for your help
Sean: Anything else I can help you with today?
Guest: Can Canadians sign up for the market data feeds as discussed?
Sean: Do you live in Canada?
Guest: yes i do
Sean: Then we wouldn’t be able to at this time
Guest: would a US address PO Box work?
Sean: No it would not
Guest: do i need a social security number?
Sean: No
Sean:
Guest: i need a physical mailing address?
Sean: We can open accounts for non US citizens but not Canadians
Guest: for the USA?
Sean: Yes
Guest: can british people sign up? do i need to live in UK?
Sean: We just cant open accounts for residents of Canada
Guest: so i need a british or american physical address? but po boxes will not work correct?
Sean: Correct
Guest: po boxes are no good right?
Sean: Right
Guest: ok thanks again
Let’s start breaking down what Matlab can do within the Quant world for data feeds, modelling, Excel, and C++ compiling
I can only tell from my brief introduction of Mat lab’s help system, I am starting to quickly realize how powerful this application really is. I don’t know even know where to start. I can make a very bold statement that the help system is fantastic. There many detailed descriptions on Matlab’s functions and toolkits. These toolkits are where the power lies for what Matlab can do not only in the world of quant but also include virtually every scientific or mathematic application. It is very broad and powerful.
Anyhow, we need to stay focused on what MATLAB can do for serious quant analyst or quant developer. From what I have seen and read, any person wanting to learn, they should seriously think about using only Matlab. It can virtually do everything any serious quant developer would want. This include modelling, data feeds, parallel computing, algo based toolkits, statistical toolkits, front end synching to spreadsheets like Excel, and enterprise level database integration. Matlab even has the ability to generate C++, C, or Java code for you. Your custom application will be able to interface to most of Matlab’s functionality. This thing includes the kitchen sink.
I can see why Mathworks does charge the high numbers of Matlab. As said, this application does everything. Not only that, it was developed by a bunch of hobbyists with little or no documentation. Their help system is so awesome it includes many examples and videos to get you started. It is very powerful but not very difficult to pick up.
Like I said, you would be wasting your time trying to figure out the world of quant from the programming or technical, I would only use Matlab for now. As you get more advanced, I would easily start considering going out into other technologies which of course include C++, and other programming languages.
You would also be distracted be learning the math side of how quant works. Again, I can only stress to use this powerful if you are trying to learn the math behind quant or rapidly understand the technical aspects of Quant.
Over the coming while, expect to see more Matlab related topics than anything else. As you know, I have given up on the open source stuff as I could get my head around it as fast as I am now with Matlab. It is of high quality, I am quickly picking up all the needed concepts for quant including the math and technical.
