Advanced system reduces strategy development time from creation to production while offering ultimate flexibility in terms of trader graphical interfaces.
AlgoTrade, LLC, a Chicago‐based software development firm, has created a hybrid order execution application for the trading world: The AlgoCore Platform.
In essence, this system is an extensible framework that can fit seamlessly into a myriad of environments, in an incredibly short amount of time, says Michael Persico, founder of AlgoTrade. Our mandate was to shrink the time to market cycle of automated strategy implementation.
The AlgoCore Platform allows companies to create, test and go live with any possible trading algorithm in a matter of weeks, rather the previous standard of many months. This is made possible by the fusion of custom application development and a robust architecture designed to handle complex mathematical and order requests with ease. Specifically, every AlgoCore license comes with a fixed fee; strategy based consulting quote that implements a trading firms business logic and as added bonus, marries a custom graphical user interface (GUI) to each respective strategy.
AlgoTrades first product launched under the platform is tCore, an application written to Trading Technologies International, Inc.s (TT) X_TRADER API (XTAPI). The tCore solution runs in tandem with TTs X_TRADER, auto executing a users algorithms with the orders, fills and profit & loss all being readily visible in the popular MD Trader interface.
Traders can manually trade with the automated tCore strategy, comprising a grey box solution, or let it run unattended in a pure black box scenario. In both instances, the lowest latency execution is achieved by going through the native TT XTAPI high speed exchange gateways. Firms can also utilize AlgoTrades Pro Host tCore solution to achieve the utmost performance in fill times.
The tCore product has passed the conformance tests required and AlgoTrade was recently named a TT Connected Partner. The TT Connected Partner Program meets the demands of today’s trading industry by offering a broad display of contemporary, seamlessly integrated trading solutions through enduring relationships.
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