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there is a big compliance issue about placing
orders with autopilot system. the rational is
what if the program gets stuck and starts
generating garbage orders or gets hung up,
who takes the responsibility for those excess
or unfilled orders? customer or the clearing firm?
now, of course there are systems like that.
i am working on one at this time.
tradestation.com might have a semi automatic
approach where ts generates orders but you
still have to click it in.
bilo.
----- Original Message -----
From: M. Simms <prosys@xxxxxxxxxxxxxxxx>
To: Rokin Sequoia <rokinseq@xxxxxxxxxx>; Robert Cavaleri
<rcavaler@xxxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>; <hsaad@xxxxxxxxx>
Sent: Tuesday, November 07, 2000 12:01 PM
Subject: RE: Interfacing Tradestation w/ DATEK or other broker
> The brokers are completely against this technique/approach.
> They are starting new departments that do nothing but handle orders for
> "systems-only orders".
> And charge handsomely for this "service".
>
> I doubt if we see DIRECT trading in the near future....not because it's
not
> possible technically,
> but not feasible POLITICALLY.
>
> > -----Original Message-----
> > From: Rokin Sequoia [mailto:rokinseq@xxxxxxxxxx]
> > Sent: Tuesday, November 07, 2000 9:29 AM
> > To: Robert Cavaleri
> > Cc: omega-list@xxxxxxxxxx; hsaad@xxxxxxxxx
> > Subject: Re: Interfacing Tradestation w/ DATEK or other broker
> >
> >
> > Try Refco in London. They might find it something. Write to Halim Saad;
> > hsaad@xxxxxxxxx
> >
> > Robert Cavaleri schreef:
> >
> > > I was just curious,
> > >
> > > Does anyone know if it is possible to hook up tradestation directly to
> > > your broker so that trades could possibly be placed programmatically?
> > > (I'll leave the discussion as to the prudence of this to another
thread,
> > > I am only wondering if it could be done, or has been done...)
> > >
> > > thanks,
> > >
> > > robert
> >
> >
> >
> >
>
>
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