Tag Archives: House

This is the software dude runs as a market maker out of his house to earn 3 million per year

This is the software dude runs as a market maker out of his house to earn 3 million per year

He deploys 600K working capital at the tune of 15k per month for this software. Soor Poor people need not apply.

http://www.orc-group.com/Products/Trading/Orc-Market-Maker/

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My thoughts of IQFeed for market tick data with discount and how to house the data with this software

My thoughts of IQFeed for market tick data with discount and how to house the data with this software

Someone asked about IQFeed:

> What do you think of IQ Feed?

>

> What is the quality of market data? A lot of false tics? Is there a

> way to download historical tic data as txt files, or how is it

> downloaded?

>

> Do you have a contact we can email?

They are my primary data source.  You can use QCollector to house to the house the data as well with this: http://www.mechtrading.com/qcollector/dtn/

I have made lots of videos on this so go here:

http://www.youtube.com/user/quantlabs/search?query=iqfeed

ALso, they have a special discount with contact info for my visitors at:

http://iqfeed.net/quantlabs/

The data should be clean as well.

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C++ float/double in financial applications such as that in stock exchanges and/or brokerage house

Use of C++ float/double in financial applications such as that in stock exchanges and/or brokerage houses.

Is the rounding gap resulting from using float in C++ considered immaterial/acceptable? Is it a normal practice? What about using a customized fixed-point class to do such math? What are your opinions? Thanks a lot in advance

Yes the rounding gap using float can and will have a impact, and for any financial application I would personally suggest NOT using float/double for money storage/calculations. You will regret it in the end.

Depending on the number of decimal points you wish to use, would depend on your solution.
Lets say you are only interested in 2 decimal points, in this case a long (or int) would work.
ie the number $100.10 would be stored as 10010.
Giving a:
Int range: -21,474,836.48 to 21,474,836.47
Long range: –92,233,720,368,547,758.08 to 92,233,720,368,547,758.07

If you want more than 2 decimal points then make sure you use atleast long.
If the number of decimal points would not leave enough for your upper limit, then separate the whole and decimal into 2 int (or long).

Note:
No matter which of the above I use, I always design 1 Money class that handles all the maths, string to display etc. This allows much easier to change the structure if you find you choose incorrectly at the beginning

It depends on what type of finance you are doing. But be ready to familiarize yourself with terms like tick size, tick value, tick size denominator and various numerators.

E.g.

http://www.nyxdata.com/nysedata/default.aspx?tabid=993&id=739
http://www.nyxdata.com/nysedata/default.aspx?tabid=993&id=29

In addition, there are techniques like http://en.wikipedia.org/wiki/Guard_digit

 

 

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