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by brownegg 4330 days ago
I'm in the "professional automated trading" space. This is by far the most common vendor mistake. "We make trading simple!" is pretty much a surefire way to mediocrity at best.

"We make tax law simple!"

"We make heart surgery simple!"

^^ similar silly things, only you don't ever see them

The thing is, no one actually DOES make anything simpler. They just restrict the toolset with which you can solve problems to things that work for the 80% cases.

1 comments

Would you mind giving any examples?
Quick example, I want to build a dynamic portfolio based on a subset of S&P 500, with no sectors exposure, no market exposure (delta and beta flat), no capitalisation exposure, and I want to avoid trading a stock from one week before until one week after their earning announcements. This is a very simple example of a common portfolio universe but tools like quantopian and cloud9trader (even though the latter doesn't support stocks yet so they're out of scope here) just don't provide the required data. I can't find an index historical composition, security data doesn't include its market cap, its sector, the next earnings announcement date. I can't even start working on my signals since I'm unable to select my stocks.
I don't think this platform is for equities (yet?). They only support FXCM, which is a spot FX outfit. Based on the pricing, it seems to me these guys are targeting, mainly, retail FX traders.