If you have found a futures trading system on your own, or are looking to get your strategy implemented, we can help.
We recommend the Rithmic API interface for systems, programmers, high frequency trading, and algorithmic futures traders.Discount Trading - Futures Trading Systems
You can connect your trading system to Rithmic’s API or we can help you withrenting a server near the exchange to achieve low latency execution.Rithmic API offers:
- A fully managed, high performance trade execution and technology platform.
- A set of standards-based APIs.
- A comprehensive order management system ("OMS").
- 500 millisecond or lower order submission.
- Access to non-throttled, real-time and historical market data for embedding data and analytics within your own system.
What is the Rithmic API?
Rithmic API is a collection of C++ and .NETsoftware libraries and interface definitions that allows programmers toincorporate Rithmic API into their proprietary software. Rithmic APIprovides its callers with a normalized view of market data, referencedata and order and execution reports across all supported exchanges.Rithmic API also provides latency information about the market data andtrade reports it receives so that an algorithmic trading programincorporating Rithmic API may take immediate action if such latencyexceeds its own thresholds.System developers and API writers interested in futures tradingexecution can choose to incorporate standards based REST and C# APIs aswell as Rithmic's C++ and .NET R | API™, into their proprietarysoftware or systems.
See AlsoHow Much Money Do You Need to Start Trading?How Much Money Do You Need to Start Trading Futures? - TRADEPRO Academy TMMeet John Freund: Warren Buffett's Broker Of 30 Years And The Citi Banker Who Alerted Him To Sokol's Deception5 Futures Trading: Best Futures to Trade in 2024 • [List] • BenzingaFor execution-only capabilities, a Financial Information eXchange (“FIX”) 4.2 compliant interface is also available.
Traders who integrate these Application Programming Interfaces (“APIs”)are then able to take advantage of what is believed by many to be theindustry’s fastest and most reliable market data and order routinginfrastructure, providing access to the futures markets.
Additionally, Rithmic API has µsecond speeds, enabling a algorithmictrading program to make its own latency calculations on which it maytake appropriate action.
System Trading?
Emotional decision making is often a trader's worstenemy. System trading removes this emotional element from trading. Infact, many Commodity Trading Advisors (CTAs) follow proprietary tradingsystems.A trading system eliminates gut feelings, second-guessing, whims,uninformed decision making and other emotions which many times areresponsible for traders' losses. An added benefit of trading a systemis that it eliminates the anxiety, time and effort of formulating atrade.
How do systems work?
Trading systems provide discipline to overcome the fear and greed thatparalyze traders and prevent them from making proper decisions. Systemsremove the pressure of making specific buy/sell decisions on atrade-by-trade basis. Each order placed is governed by a predeterminedset of rules that does not deviate based on anything other than marketaction. Finally, a system will include specific money managementparameters and the mechanical placement of these orders ensures thoserules are being followed. One must realize that it is still possible tolose money trading any system, and past performance is not indicativeof future results.Examples of different systems include: Index trading systems, Currency trading systems, and Trend following systems.
Many systems require constant monitoring where a trader must be "glued"to a trading terminal. Designing a trading system and writing to an APIcan eliminate most of the work associated with trading a system.
What's next?
If you are looking to write to an API or if youhave your own trading system that you are looking to implement, give usa call. You can reach us at 312-920-0212 or 800-840-5617.
