ALGORITHMIC FX TRADING
>>>
essence and that has been a major infl uence in terms of developing tools we make available to clients.”
Cost issues
Aside from the quickening pace of development, the major challenge that service providers face, says Smith, is that perennially thorny issue of cost. “It is the same with any client - they want to have access to a powerful toolset for building their own strategies and they want fl exibility and ease of use. It remains an issue and we take that into consideration. But we feel we have built a comprehensive development so the cost for the end user in terms of building out that infrastructure is minimal. Providing a turn-key out of the box product is something that we have focused on since moving into the FX market.”
Harrell Smith
“In FX, the market is changing and clients want to react quickly to diff erent trading environments so updating the algos, testing them and putting them in place in a timely manner is really critical. Speed is always of the essence...”
Still, fi rms who are creating proprietary strategies look to Portware for advanced development toolsets that can help them reduce time market and react more quickly to structural changes. “We provide a very fl exible development environment that allows clients to design, run and backtest any kind of algorithm or trading strategy they want. T ey can leverage historical or simulated quote data from either internal or third party systems and use our real-time TCA and reporting toolset to gauge strategy performance against any number of benchmarks.”
Smith notes that in today’s fl uid marketplace there is a constant demand from clients to be able to develop new algorithms at an increasingly faster rate. “T ere is always a demand among clients to get their strategies up and running as quickly as possible,” says Smith. “In FX, the market is changing and clients want to react quickly to diff erent trading environments so updating the algos, testing them and putting them in place in a timely manner is really critical. Speed is always of the
102 | july 2012 e-FOREX
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168