For autotrading, three functional components must be present:
- Trading logic execution
- Market data feeds
- Trade execution
… and “3” is handled by the NT brokerage partners.
- I am not aware of NT being used for Direct Market Access, i.e. for connecting directly to an exchange without routing through a brokerage firm or data connection partner (so "2" and "3" provided directly by the exchange). Are you aware of any instances where in fact it IS used this way?
- If not, why not? Is the reason as simple as being that no-one has yet attempted to write the required client/message server architecture to connect NT with an exchange’s price and order servers? Most exchanges provide FIX protocol connectivity as at least one of the connection options, so connecting NT with such exchanges should be technically unchallenging. Or is there another reason why it is not done?
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