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John,
Just one comment - from what I can tell from this thread, Traderware was built (at
least primarily?) with Visual Basic. VB is a decent way to build a database
front-end, but it is simply not an appropriate tool to create a real-time trading
platform. The comments on this thread re performance and bug problems are
consistent with VB's performance and memory-management problems. To the degree that
the Traderware code base is Visual Basic, the chances of evolving it into a truly
useable piece of software are greatly diminished - and this really raises a red flag
about the judgment of the original developers.
If the developers had wanted to avoid C++, they would have been much better off
using Delphi (which apparently is what Ensign is programmed in) or perhaps
PowerBasic (although I haven't used that tool and cannot really comment on its
capabilities).
> -----Original Message-----
> From: I4Lothian@xxxxxxx [mailto:I4Lothian@xxxxxxx]
> Sent: Sunday, March 25, 2001 7:05 AM
> To: omega-list@xxxxxxxxxx
> Subject: Re: Omega or Traderware???
>
>
> Jim:
>
> Thanks for the input. You are right about theory and practice being
> different. And maybe that is where I fail on this issue. I have learned a
> lot already about people's views on open source and software development in
> general.
>
> One of my hopes was that we could get back to talking about how to get the
> best platform, or what the best platforms were for specific functions, rather
> than personal bashing.
>
> The personal strengths and weaknesses of people, or groups of people, are
> certainly an issue in the potential success or failure of a product or
> company, no doubt. But there are so many more important issues that come
> first.
>
> Thanks again.
>
> Regards,
>
> John J. Lothian
>
> Disclosure: Futures trading involves financial risk, lots of it!
>
>
>
>
>
> In a message dated 3/25/01 1:59:02 AM Central Standard Time, jimo@xxxxxxxxxx
> writes:
>
> << In theory, an open-source trading platform is very appealing---at least if
> the company goes belly up, you've got the source, and can carry on in
> whatever manner makes sense, fixing things yourself or paying your local
> hacker to do it for you. The dream is always that other trader-hackers
> will contribute to the overall product, and everyone will come away with
> something more than they could have produced by themselves.
>
> But it's hard to imagine getting the necessary enthusiasm for open source
> without the product being available to the Linux community, which is
> where most of the open-source action is these days.
>
> As I understand the architecture of Traderware, it's strictly a
> Microsoft product, tied to UMDS and Visual Basic. So I think it's
> not really a candidate for the open-source model.
>
> I can believe the performance issues raised earlier in this thread.
> A real-time trading platform is a demanding piece of software, and
> most of the common GUI toolkits are not up to the job. It sounds as
> though TW needs a lot of work in its present state. They say in
> contemplating major software projects to plan on throwing one away.
> Maybe that's the point TW has reached.
>
> Interesting thread. Please keep us posted as things develop.
>
> Good luck,
>
> Jim >>
>
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