The Good News
Today you can readily port your current quantitative, algorithmic and automated trade platforms over to The Cloud.
Your trading platform's current architecture will not automatically allow you to take advantage of the massive processing power that The Cloud avails of itself.
The biggest challenge is that proprietary strategies or algorithms will require an additional translation to be executed so that your algorithmic instructions can be parsed out to multiple processors simultaneously.
Your current platform does not have this instruction set embedded in
it....Bummer.
We will be publishing a post shortly on this and will give you an overview of two different approaches to solving this problem either via an ad hoc overlay of parsing services or from a code base that was built from the ground up with parallel processing in mind.
More Bad News
Cloud Based Historical Tick Data Stores for back-testing are not yet online.
The first offerings will be offered not by data vendors, or the exchanges, but as a service available only by proprietary Cloud based algo/quant trading platforms - with access to the Historical Tick Data store only by their own platform using their own API.
What's Next?
We are currently speaking with trading software vendors, data vendors and exchanges about their intended Cloud Tick Data Store offerings and will be publishing a post on the state of their upcoming offerings and their pros and cons.
Where's the Sunshine?
Though the infrastructure and the technology to enable
The Cloud today is here today the Algo/Quant tool-kits and their supporting
services are not yet in place....But the first offerings are entering Beta as
we speak.
So now is the time to start rolling up your sleeves, to start figuring out how best to lean into The Cloud to improve your trading organization and have some fun with a new technology.
If you have any facet of a Cloud Trading offering, either in development, beta or production, please feel free to ping us to chat.
carl at algofutures
"Your current platform does not have this instruction set embedded in it"
"a code base that was built from the ground up with parallel processing in mind"
There are several cloud(Amazon) images that you can download that already have a nice setup for Erlang.
We're not in the cloud yet but we do have a nice intranet Erlang cluster that starts to beat normal solutions for speed. And it's easier to learn and maintain once you get over the first few months of getting back into a functional language.
We are working on a backoffice ETF omnibus trading platform and OMS to take advantage of the cloud and offer this solution as a service to a variety of customers. This web based solution will expose all functionality via API and/or Web services as well where is can be integrated into other soutions or current legacy systems. The whole solution is being built on .Net platform. Currently I am looking for a trading/brokers as partners who can provide me direct market access for prices and EMS.