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by rachelita
3662 days ago
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Hello! Co-founder here. Thanks for the kind words! Bummer that you're noticing bugs though. If you feel up to it, we'd love to hear what they are - you can email support@triggerfinance.com or live-chat with us through the app (press the logo on your icon). We'd love to integrate Robinhood in the future but have nothing that we can announce right now, unfortunately.
Sent at 5:23 PM on Thursday
Adrian: Hello! Co-founder here. We currently access a Nasdaq last sale feed through a distributor (Xignite) for our real-time feed. We make no guarantees around latency per se, though in reality it ends up being on the order of < 1 minute (at worst) from exchange to a trigger being evaluated on our backend, and a bit more than that (highly dependent on many other factors) to being displayed on a user's phone. Hope that this helps though I realize I wasn't very specific! |
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It does, thank you.
The idea and execution thereof seems very slick, but I can't help shake how much of a disadvantage regular stock traders are when put up against all the ultra-high speed trading done by algorithms.
Wall-street Rant Aside, from my previous life building an algorithm based hedgefund, one option would be to put your trigger-execution engine as close to the stock-exchanges as possible, to reduce the latency between market events surfaced in your feed & trigger execution. Softreal time actions, such as any User interactions with the mobile app being persisted to backends, could be done at cloud/dc's, then propagated to your backend in NYC. You could provide a simple SLA saying that trigger updates will have 1-minute lag time for effect, but actual Event->Trigger->Execution would be completely based on the time to evaluate the trigger.