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Old 05-26-2010, 04:03 AM   #1

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Question Programming/Algo Trading
Hi all,

I am new on to this forum - so first, my apologies if i'm breaking any forum-rules and what-not... and no, I have not tried search function on this forum to look for posts related to my question... so here goes...

I am primarily a software engineer, but with particular interest in finance. Currently, I am working on a project which requires the development of an OMS as well as an Algo-Engine, and also a Programming Trade Language (ie. EasyLanguage)

However, to my understanding, EasyLanguage is a proprietary scripting language of TT.

Does anyone know of any alternatives to EasyLanguage, such as open-source scripting language - that are publicly supported; however with the same level of public acceptance. Clearly, I will eventually have my trading-engine support EasyLanguage, but for the time being - I am not sure if, by using EasyLanguage as a base-language, will I be violating any rules specified by TT.

Furthermore, I understand many people already use TT's EL, so it would be advantageous for me to simply implement this language. I am simply searching for alternatives and weighing the options prior to committing resources towards this end.

Thanks in advance,
Kel
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Old 05-26-2010, 08:02 AM   #2

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Re: Programming/Algo Trading
.......... .......... what is TT?
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Old 05-26-2010, 08:12 AM   #3

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Re: Programming/Algo Trading
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.......... .......... what is TT?
Trading Technologies... owners of EasyLanguage and the product a tradestation
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Old 05-26-2010, 09:13 AM   #4

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Re: Programming/Algo Trading
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Trading Technologies... owners of EasyLanguage and the product a tradestation
you've confused that with tradestation Securities, Inc.
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Old 05-26-2010, 10:24 AM   #5

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Re: Programming/Algo Trading
TT has an API., and does not use EasyLanguage.

Why not just use the X_TRADER API?
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Old 05-26-2010, 12:12 PM   #6

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Re: Programming/Algo Trading
from memory TT developed one of the first DOMs and when it was copied by everyone they sued everyone for the rights. Some people settled, others modified theirs slightly. This was some years ago.
Trading Technologies International, Inc.
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Old 05-29-2010, 04:28 AM   #7

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Re: Programming/Algo Trading
Exactly what I was afraid of... a lawsuit for my company...

so.. are there any alternatives to EasyLanguage - that is also accepted/ used by many traders for programming trade?

... such as TSolution's MultiChart (which uses PowerLanguage) - but this is also proprietary...

I'm looking for something not-proprietary... in a sense, very much like how the FIX Protocol works...

.. anyone?
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Old 05-29-2010, 04:32 AM   #8

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Re: Programming/Algo Trading
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you've confused that with tradestation Securities, Inc.
I stand corrected... you are absolutely correct...
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