Is anybody interested in participating for building a software trading system?

[doru]

Hello,

I have an idea of starting to build a collaborative open source trading platform? First of all I am interested to see if people are interested in something like that? Will you be willing to participate in a way or another to such a project?

Thanks,
Doru

[wallstreetsedge]

youre going to need a lot of funding and volume involved for it to be worth it

[justdo3043]

Yeah...I would be interested.....where do we begin? what did you have in mind?

When you say trading platform I think of a discount broker dealers platform....like..Power E*Trade or Apex Command Center or were you thinking about trading system in the context of quantitative analysis or trend following like systems for risk/return measurement.....

You should know that I know nothing about computer languages...

[doru]

I have good java/j2ee, C/C++, design patterns working knowledge but less trading. I know some theoretical stuff from university but I did not practice. So I need from you trading knowledge...applied/practical and theoretical. I have plans to use state of the art libraries like QuantLib (http://quantlib.org/index.shtml).

[john_for_u80]

Hello,

I have an idea of starting to build a collaborative open source trading platform? First of all I am interested to see if people are interested in something like that? Will you be willing to participate in a way or another to such a project?

Thanks,
Doru

Bottom Line: You cannot open a trading platform by asking anyone here! If anyone has any idea or they are in the process why the hell they will take you. People like you are plenty and Big players are not fool as many must be in the process. Think something else unless you have practical knowledge (are you in IT? I am sure you are not in it!)and Millions of $$ with you. Money because money makes big contacts! There might be infinite number of people like you planning!

[Supreona]

I don't think I'm really understanding the mission or the motive here. I mean do you even care about the markets at all?? Or do you just see this as an opportunity to cash in on the naive?

[doru]

John, did you ever heard of passion? Yes I know I am crazy with the idea but who knows. First of all, it should be more as a hobby and learning purpose.. if something good will come out , we will see. It will have a lot of good reporting and an "engine" part which will be "pluginable". So people will be able to plug-in/customize their own trading engines and make profit from their own trading knowledge. Of course couple of default trading engines will come by default...but these engines will be easily to customize or complete re-engineer and see the results with great reports.

First of all I am interested in making a good programming technical design(this is my day to day job)...and I expect from this forum good technical trading knowledge to apply. If something good will come and we can make some money we will see.
if couple of good professional will come together some from programming /IT background, some from trading area...some with mathematical background...

[doru]

Some people misunderstood what I wanted to say. My intention is not to "to cash in on the naive" like somebody said previously. I will say couple of words about myself. I am 29 years, I finished an IT/programming university as my main school and I also finished a finance/trading university. I have 5 years of programming experience and I did not practice yet trading till know. I see this project as an oportunity to start also in this direction.

You can see more about my domain interest from

1. My blog. http://java-hobby.blogspot.com/
2. DocumentBurster project (http://www.pdfburst.com/)

[justdo3043]

I have good java/j2ee, C/C++, design patterns working knowledge but less trading. I know some theoretical stuff from university but I did not practice. So I need from you trading knowledge...applied/practical and theoretical. I have plans to use state of the art libraries like QuantLib (http://quantlib.org/index.shtml).
I have personal expierence trading and I would say practical as well.

Backround - degree in finance....have been working as a "Risk Associate" at a broker/dealer for the past 2 years....our group is in charge of credit exposure of our customer portfolio's. Stocks and options mostly. We do this through setting margin requirements, monitaring concentraded/volital positions, and dealing with day to day effects of market on customer accounts.

I've read some books on trading ideas and know the basics in system design through historical price patterns.

I agree with the passion statement but i'm relatively young and naive at 25...i do not believe a trading system needs to be complicated or expensive to work....hasn't anyone ever heard of Richard Dennis and his turtles

[Rynn]

Hello,

I have an idea of starting to build a collaborative open source trading platform? First of all I am interested to see if people are interested in something like that? Will you be willing to participate in a way or another to such a project?

Thanks,
Doru

Trading software can do many different things such as:

- Parse a real-time data feed and display it in various ways, give alerts, etc

- Execute automated trades based on certain criteria (eg trailing stops)

- Execute extremely high-volume trades (eg arbitrage)

- Price options

- Do data analysis (eg analyze several thousand stocks and pick a few of the best candidates for trading)

- Plot historical data in various ways

A trading system can mean very different things to different people, depending on what markets you're in and how actively you trade. What exactly did you have in mind?

[aiki14]

I am still not clear on what exactly the OP is looking to do. Is it a trading platform? I am sure a lot of folks here would be able to provide the things they find useful in the platforms they use.
Or is it a system where the program makes trade determinations based on some data? In which case you would be competing with very well healed entities. The "black box" algorithmic systems are closely held secrets due to the fact that as soon as someone knows your system they can exploit it and use your predictability to their advantage.

I have become interested in the quant strategies recently, and if you do any research you'll find that alpha generative modeling is simple programming but very complicated math. I am far from a programmer, but give me an hour with mathematica and I'll put together any model the eggheads need. Figuring out the variables to exploit the inefficiencies in the market is a different thing altogether. Thats why Goldman is trolling the physics and math dept's at M.I.T.