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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. |
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I have seen a few prop firms use a institutions software for clearing and information that the retail side can't get, like arbitrage etc. But they use eSignal for charts. Is this becoming more common?