Reasons why I turn back on commercial trading platform like this new Trading Technologies X_Trader ADL
Is Trading Technologies ADL really going to change things in trading platforms?
This is a platform that will hold you hostage with big monthly payments which most of us cannot afford. Even if I could afford, I still would not want to be held hostage unless I have own and have full control of all aspect of my trading components. That is how I feel about it.
I just got a notice from a follower who asked me about this. There are more platforms out there with competition as fierce as never been seen. Personally, this is a race to the bottom and most are really trying to woo people as much as possible. I never really looked at this but when you have a high quality FREE open source trading platform like Trade Manager or even the older version of Tradelink, I will take those options over any other any others. Sorry but this is why I never got into the game of either software consulting platforms or even selling them. It is a race to nowhere as it becomes a horse race to nowhere.
As for the user, just focus on these platforms I mentioned and you shall be fine. If you are too lazy to custom code your own or hack one of these tools, you will be left behind. Remember those large retail stock brokers, they disappeared for a reason. Many day traders and retail traders are getting killed while it is not getting any easier for them. They are literally fighting for crumbs which I want to have no part of. Sorry. This is why I choose the path I am on. Join my FREE newsletter if you want to learn about to running your own fully automated trading operation
My review of Trading Technologies platform XTrader and XTAPI for Microsoft .NET C++, VB, and C#
Trading technologies Xtrader is single threaded and they promote it. It also uses an older Microsoft.net technology called COM which doesn’t really offer any advantages today. It also appears to be very very expensive with a $1400 a month plan. The TT system XTAPI is rich with functionality including back-office application with gateway servers complete with a hierarchy of.Net classes. The RTD server enables you to access various TT server gateways and see various P&L’s with an MS Excel front end. You may be able to do the equivalent through a QuantLib Excel which is open-source. The RTD using MS Excel environment is quite impressive. This is especially true with the price book depth that feature within RTD. The provided documentation is quite stellar to get you up and running rather quickly as compared to other trading platforms. XTrader also has a handy simulation module as well.
Visually design trading strategies with ADL from Trading Technologies. It looks pretty cool but pricey
I have been introduced to this interesting product ADL which appears to be part of this suite of products of X Trader from Trading Technologies. I do understand it is quite expensive but great for non programmers. You can visually design your strategy and implement them into a algo server for execution in a Direct Market Access environment.