Archive for June, 2010

Data Quote Streaming

Posted in IB E1 on June 24, 2010 by kpervushin

http://www.esignal.com/livecharts/pricing.aspx

http://www.xignite.com/stock-quote/real-time-stock-quotes-data–20003003.html (Real Time)
http://www.xignite.com/stock-quote/delayed-stock-quote-data–20003007.html (Delayed)
http://www.dukascopy.com/english/ddf_main/rdata/ExportCSV/ (Historical Data)

http://www.nasdaq.com/

http://stockcharts.com/

http://www.realtimestockquote.com/realtimestockquotechart.asp

http://www.forexcentral.net/fab/financial-data-providers (This page contains links for some financial data providers)

http://corporate.morningstar.com/US/asp/subject.aspx?xmlfile=6695.xml

The System Metaphore

Posted in IB E1 on June 23, 2010 by kpervushin

we employ so called Agile Software development method,
which means no “big design up front”, instead we use (i) user stories, (ii) test driven development based on something called (iii) the “system metaphor”. The system metaphor allows you to talk about your design in a consistent and unambiguous way (the same vocabulary, terms etc).

I suggest The system metaphor as follows: It is an educational multiuser social network (Wikipedia like) specifically catering for trader’s needs in the area of options trading with capabilities of actively suggest (construct), verify, publish (to members or public), initiate and finish option trades from fully manual to semiautomatic way according to the trader’s individual parameters or profile.

The functionality is described in the form of user stories, e.g. short descriptions of features to be implemented. They describe a small piece of functionality that can be broken down into tasks whose durations can be quickly estimated.
Story 1:
John is willing to join Trader’s Round Table and receive regular invitations to the events of the Club.
He wants to get access to educational videos and other material helping him to understand fundamentals of options trading, get useful tips on recommended Brokers and Internet resources.
He wants to know who are other members of the Club and potentially introduce himself to them and see their scores and activity levels (how many trades they made, what kind etc).
He wants to discuss certain issues related to broader aspects of trading.

// The above functionalities are typical for a social networking platform

Story 2:
Max after attending Thomas’ promotional lectures would like to try his trades on the paper account, however he is not yet certain how much of the capital he is ready to invest and how active he can be. The system shall be able to suggest him some trades and simulate order placement, and trade closing on the historical data.

// This will be an active functionality with graphical interface, which would relay on the historical market data and simple execution algorithms.

Story 3:
Jane has opened account with some Broker, but has no idea how to place orders and monitor trades. She specifies in her profile this information, and receives specific instructions (video) relevant to her situation. She might also appreciate some suggestions for her capital allocation in portfolio and set limits for individual trades (e.g. if her capital is 15000 USD, she must not risk more than 300 USD per trade) according to Thomas’ money managment rules.

// This is adjustment of the system to individual traders, building/management of individual portfolio and trade constraints according to your proprietary teaching system.

Story 4:

Jack is not yet sure what kind of trade he can attempt.. He wants to see what other students are planning or trading (for educational purposed them voluntarily disclose their real or paper trades).

etc..

Out of these short stories we have to build functionality list. This list will be the specification target for various phases and deadlines.

We have to also find a benchmark existing application(s). I can suggest (i) wikipedia.com (2) optionistics.com

Benchmark websites providing educational social network

Posted in IB E1 on June 23, 2010 by kpervushin

First of all, none of them are about creating a social network of traders sharing information. They are plainly selling whatever little they can and run away. Largely they are anonymous and can close the shop any time. We are going to create an educational platform with values shown upfront with or without subscription. We are not anonymous, we have physical location and real names. we create community, we are not selling bullshit.
As you can see there are not many of any webservices similar to our project.

www.TradersRoundTable.com.sg

www.TRT.com.sg

Those links do not work.

http://www.ecnprovider.com/

This one is such a hoax! I now very similar company in Singapore, founded by former staff of http://jflennon.com . They used to teach forex in Singapore. The jflennon was sold and the staff left with nothing. They decided to sell EA for Metatrader 4. Only complete idiots can buy into this (and I am sure there are some around). This doesnot come any close to what we want to develop.

http://coveredcalls.com

This site is a simplified version of optionistics.com (I am a subscriber to the latter one and to IVolatility.com).
This is a simple screener for overpriced calls (this simply means high IV). There is a small educational component in form of webinars. No community, no care of individuals.

From terrance:

http://www.10percentpermonth.com/Home.html

this is complety anonymous site as ecnprovider.com Their offer is dubious and claims unverifiable. It is not a benchmark for us at all.

http://www.fx360.com/

this is one of many fx oriented sites. Comparable and competing with dailyfx.com, forexfactory.com, oanda.com etc.
It provides important information on calendar events, futures open interests, expert opinions, forex streams, some education.

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