I've been thinking recently about how it would be cool to have a service which allowed you to try different trading algorithms.
For instance, it would have a few algorithms built in, you could choose which you want and with what parameters and then it would monitor how it performs. Also available would be the ability to see how this algorithm would have performed in the past (to see how it worked in bad markets, etc).
It could also have a generic API to allow you to run your own algorithm on your end and simply make calls to BUY and SELL certain things.
(In the future it could even allow _real_ trades, etc. One other cool way to make money off this would be to actually invest in the best performing strategies as they occur over time.)
I'm guessing this is all available to the big firms, but haven't ever heard of anything geared to the hackers who want to try things out.
Does anyone know if this sort of thing exists? Would anyone else think this is neat?
I've personally never used it. I just download raw pricing data then backtest it myself. You could learn how to do it on even yahoo data if you wanted (for day-over-day trading). Bloomberg is by far the best for intraday price information.
For instance, it would have a few algorithms built in, you could choose which you want and with what parameters and then it would monitor how it performs. Also available would be the ability to see how this algorithm would have performed in the past (to see how it worked in bad markets, etc).
It could also have a generic API to allow you to run your own algorithm on your end and simply make calls to BUY and SELL certain things.
(In the future it could even allow _real_ trades, etc. One other cool way to make money off this would be to actually invest in the best performing strategies as they occur over time.)
I'm guessing this is all available to the big firms, but haven't ever heard of anything geared to the hackers who want to try things out.
Does anyone know if this sort of thing exists? Would anyone else think this is neat?