3 ms·
The proprietary API is guaranteed to be slower. The brokers must send order flow as FIX to the exchange. This adds latency of however long it takes the broker's
by zelly 6y ago
The proprietary API is guaranteed to be slower. The brokers must send order flow as FIX to the exchange. This adds latency of however long it takes the broker's software to translate to FIX. I don't think there are any successful quant strategies that don't rely on speed, so basically anything with a proprietary API is solely for amateurs.
- oarsinsync 6y ago> I don't think there are any successful quant strategies that don't rely on speed There are plenty of successful quantitative algorithms that are in use by non HFT firms > so basically anything with a proprietary API If you’re not a direct market participant, colocated in the exchange, you’re not in a position to be talking about speed at all. Also most exchanges optimising for speed are not using FIX. > is solely for amateurs You’re not necessarily an amateur, you’re just leaving money on the table for someone else as you’ve not optimised that area of your trading infra yet.
- getlawgdon 6y agoActually the majority of quant trading isn't dependent on speed.
- smabie 6y agoI don't think you understand what quant finance is about. Almost all quant strategies don't rely on speed. In fact, HFT is usually considered a totally different space than investing (and therefore quant investing).
- egwor 6y ago> The proprietary API is guaranteed to be slower. Yeah, most of the time that's not the case. Binary encoding/decoding is often much faster than FIX. Look at ITCH/OUCH, SBE and FastFix.