Automated order placement

The 100% automated & secured order placement solution...

This new feature allows a single operator to follow, place orders, verify, monitor the trades, without any human action
Based on the FIX protocol, this application will replace several traders, avoiding mistakes, delay in order placement, reduces slippage...

1-The systems normally run in TradeStation 2000i, with a good data feed, an optional backup, all UPS powered

Orders are generated real time in TradeStation 2000i:

Systems running real-time in TradeStation 2000i
Click on the above thumbnail image to get the full size picture.

2-The orders are transmitted to the broker through a specific application and a dedicated phone line

This specific application ...

	sends the TradeStation generated orders to the broker,
	verify their execution,
	control all possible problems,
	fix them,
	warns you when a problem occurs,
	keeps journal files,
	provides a comprehensive display of all the necessary activity parameters,
	may work in a 100% automated mode ( under your sole responsibility),
	semi automated, or manual confirmation mode.

Automated order placement control panel ( linked to TradeStation and to the broker
using the FIX protocol through a permanent 64k dedicated phone line)
Click on the above thumbnail image to get the full size picture.

3-Technical requirements

	You must open an account for the intraday operations, using a specific institutional US broker service
	A dedicated 64kb dedicated phone line must be setup between your office and the specific broker (several locations available world wide)
	You can keep your current broker, compensation being made every day between the specific broker and your actual broker
	TradeStation 2000i software from TradeStation Technologies, running Windows 2000. Several copies may be required according to the number of traded items
	Real-time data feed, with optional bad ticks filtering ( we highly recommend SP ComStock Xpress feed)
	UPS for all hardware.
	Optional backup solution (2dn data feed, TradeStation2000i and systems ready to run on a 2nd machine, RAID HDs...)
	The trading systems that we develop for you
	The link application that we provide, allowing to transmit and control the orders, monitor the errors, allowing automated and manual fixes if necessary.
	One ( at least) technician able to fix the trading errors or problems, front and middle office capabilities required.

This service will need three months of development and test starting from your order.

	Obviously...
	We do not advocate in any manner that you may let the computer trade alone for you without looking at what it really does. ..

	Running 100 systems...
	The software solution that we propose will replace dozens of traders. This solution becomes mandatory when trading a lot of items ( different systems and different markets) on an intraday basis. A reduced number of traders can monitor a large number of trades, their role being to check that the process smoothly runs and eventually fix the few errors that may occur ( all of them being tracked and fixed by the software interface) Several l mode are available, a semi automated and a 100 % automated. Useless to say that you need to have a technical oriented person available when running in the 100% automated mode. This is of your responsibility, and may or may not comply with the local rules in your country.

The ultimate step
in systematic trading

Automated order placement is the last step for system trading.

If you rely on a computer for decision in your trading , you may also rely on computerized placement order, provided that you must ensure an human monitoring of the final process.

This last point is under your sole responsibility.

We do not advocate here in any manner that you may let the computer trade alone for you without looking at what it really does.