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Unfiltered data feeds and HFT, detecting algos with orderflow?
That sounds cool and all, but you still got to beat the big algos to the market. i am in new york, where trader are everywhere, real big algo traders - sorry California and no one is ever talking about what the programs are doing...it is how can i be faster than the other algos. this is not a traders market any more...it is a technology race
Can you help answer these questions from other members on NexusFi?
I've actually heard of TradeLink, but I've never actually tried it. I've always been terrified of programming, but recently I've found that it's not that hard after all. All I needed was to learn LISP first. I'll give TradeLink a try. I also found another open-source platform called Marketcetera a while back. Do you have any experience with that compared to TL?
No and I don't have any experience with Tradelink either, just stumbled upon it a while back and thought it was worth noting. And I can see it now supports more data providers compared to a bit over a year ago when I first found it.
First of all. Saying that HFT is front running isn't exactly how I'd describe them. That is usually the claim by traders who can't trade and need an excuse for their short comings.
As far as this Barbara character, I don't know how anyone could watch order flow and detect when HFTs are running or not. HFTers are going around the clock on any stock with volume.
There are different ways to do HFT. There is the race to the trade types. Where you have to be the fastest. Losing proposition for just about everyone unless you are one of the big boys. Then there are strategies that can be executed by an individual or small team that don't rely on being the fastest. It takes creativity and a simple edge.