Thoughts on private/retail trading as an advantage to office based/corporate trading

[OAC]

	Quote:	walterw
	I love my pijamas in winter and my swimsuit in summer lol...

http://www.trading-naked.com/, one of the best trader's sites on the net.

[walterw]

	Quote:	OAC
	http://www.trading-naked.com/, one of the best trader's sites on the net.

after TL ¡¡ jejeje..

[Troutboy]

NYSE is still jacket and tie (except for Steve Case). Don't know about other exchanges.
Don't you find things a little distracting to trade at home? (vs. private off site office)

[OAC]

	Quote:	Troutboy
	Don't you find things a little distracting to trade at home? (vs. private off site office)

If you live in a mansion like some of us, then it really does not matter because you will be spending most of your time in the trading wing.

[MrPaul]

	Quote:	OAC
	If you live in a mansion like some of us, then it really does not matter because you will be spending most of your time in the trading wing.

But of course!... and let us not forget we always have the private jet and the yacht to take out when the help is busy.

[walterw]

Absolutely true... key is having all the villa personal trained not to disturb... jjejeje

[mister ed]

	Quote:	Soultrader
	I think trading tools and equipment retail traders now use are more sophisticated than insitutional traders.

James - could you expand on this? The conventional wisdom is instos have next generation tools compared to retail etc., not the case though? Thanks!

[Soultrader]

	Quote:	mister ed
	James - could you expand on this? The conventional wisdom is instos have next generation tools compared to retail etc., not the case though? Thanks!

For retail trading, third party vendors are getting so competitive that they need to keep making their charting platforms better. Majority of the trading tools in insitutions are built in-house or use Bloomberg or Reuters. These two platforms are great for data and news but can not compete with top industry charting platforms.

However, systems that insitutions build for automation, arbitrage, etc... can not be built by a retail trader. The more money you are trying to generate out of the markets, the more tools you will need imo. But I think the typical retail trader has all the tools that he needs to trade successfully.

[Troutboy]

Dear OAC, WalterW and Mr Paul,
I'm starting to get a little intimidated here, stuck here in my servantless hovel.

[mister ed]

	Quote:	Soultrader
	For retail trading, third party vendors are getting so competitive that they need to keep making their charting platforms better. Majority of the trading tools in insitutions are built in-house or use Bloomberg or Reuters. These two platforms are great for data and news but can not compete with top industry charting platforms. However, systems that insitutions build for automation, arbitrage, etc... can not be built by a retail trader. The more money you are trying to generate out of the markets, the more tools you will need imo. But I think the typical retail trader has all the tools that he needs to trade successfully.

Thanks James - valuable perspective. Be interesting to hear about the execution technologies employed, advantages/disadvantages - if you can speak about them.