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Features to Look for While Choosing Algorithmic Trading Software

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Features to Look for While Choosing Algorithmic Trading Software

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  1. Features to Look For While Choosing Algorithmic Trading Software While using algo trading, traders invest considerable amount of money on trading software they use. To ensure efficient and accurate execution of trade order, the right piece of software is vital. Faulty software, on other hand, may lead to huge losses. So, here we are some of the key features you should look for in an algorithm trading software. Market and Company Data All trading algorithms are designed to take account of real-time market data and price quotes. Some programs are also customized to act on company’s fundamental data like EPS and PE ratio. Any algorithmic trading software is meant to have real-

  2. time market data feed, and company data feed. The software should be capable to easily integrate from alternate sources. Connectivity to Markets Traders who are wishing to work across multiple markets should know that each exchange may provide data feed in different format like multicase, fix, etc. Therefore, software should be well advanced to accept feeds in different formats. Customization Most algorithmic trading software provides standard built-in algorithm which helps traders to experiment new things. Without customization, trader may be constrained within the built-ins functionality. Be it buying or building, the software should have high degree of configurability and customization.

  3. Custom Programs Python, C++, JAVA are common programming languages used in trading software. Majority of algorithmic trading software, sold by third party vendors, offer ability to write own programs within it. It allows a trader to try and develop any trading concept in programming language of their choice. Platform-Independent Programming Some programming languages function on dedicated platforms, like certain versions of C++ run on only selective OS. While

  4. building or buying trading software, give preference to that one which is platform independent and supports such languages. Backtesting Feature Backtesting simulation refers to testing a trading strategy on historical data. It access practicality and profitability on past data verifying it for either success or failure. This mandatory feature needs availability of historical data so that back testing can be performed. Contact Us AlgorithmicTrading 702 W. Idaho Street Suite 1100 Boise, ID 83702 USA Ph: 866-759-6546 Emai Id: sales@algorithmictrading.net Website: https://algorithmictrading.net/

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