[MidKnight]

Originally Posted by UrmaBlume »

While at present there are no retail packages that make the order book, depth of market, information available for anything other than visual reference, it is rumored that TS V9.0 will. This means that these orders are being place by entities with far greater resources than any retail and many commercial traders.

Hi there,

There are and have been retail packages (at least 1 that I know of) for some years with the ability to use the order book in a programmatic fashion. Check out Neoticker - this has been available for quite some time.

With kind regards,
MK

[TheDude]

Originally Posted by UrmaBlume »

If a unit of time passes without the occurnece of trade, how does that motivate price movment as compared to when a unit of trade that is imbalanced 2 to 1 on the buy side occurs?

The passage of time by itself does nothing to motivate price movement where as the occurence of imbalanced trade is the PRIME motivator of pirce movement.

It is not about tick-tock it is about buy/sell and more specifically - more of one than the other - imbalanced trade.

UrmaBlume

Thanks for the explanation. I see where you are coming from.

[UrmaBlume]

Originally Posted by MidKnight »

Hi there,

There are and have been retail packages (at least 1 that I know of) for some years with the ability to use the order book in a programmatic fashion. Check out Neoticker - this has been available for quite some time.

With kind regards,
MK

You are right MK, I had forgotten about Neoticker and next will be TS V9

[BlowFish]

Originally Posted by UrmaBlume »

While at present there are no retail packages that make the order book, depth of market, information available for anything other than visual reference, it is rumored that TS V9.0 will. This means that these orders are being place by entities with far greater resources than any retail and many commercial traders.

As MK pointed out Neoticker always has had the order book available programmatically, Ninjatrader has for ages too, perhaps not that robust a platform for 'serious' work but its available. I'd take the chart in the original post with a pinch of salt btw. You can get 'tier 2' (yellow) performance for as little as 500 odd bucks a month (by 'sub letting' virtual machine space from a broker that is already collocated at the same facility as the exchange).

Whilst getting 'tier 1' (green) performance does require technical expertise having suitable commercial arrangements is all that is important, (programs like Advanced Look, Enhanced Liquidity Provider, Supplemental Liquidity Provider etc.) Exchanges are not going to allow you to graft your hardware into theirs at a low enough level to get that sort of performance if you are not part of one these programs. You need a 'license' to print money and these are not handed to all and sundry