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Automated Trading at SGX

I agree .... :)

'Automation' fund managers would rather go play a game of afternoon putting rather than attend to the onerous chores...

After all, they are handsomely paid too to 'play' with piles and piles of other people's money.

 

cashiertan,

Hedge fund managers are not using their own $$$. They are employees. If I was an employee, I will also leave it to the computer to do my work and run off to do my own thing.   

 

but surprisingly hedge funds trade using mechanical system. lol

 

haha` i believe most of us still trust ourselves more than the technology...seeing is believing! 

 

Hi Singaporegal,

Thanks for your response.

Sorry, I still do not see the need for additional sotware. If, say, we want to use the 200MA, can we not just plot this 'trigger' and enter our order into the buy/sell queue. Yes, with iOCBC, we can also set sms/email alerts at certain 'trigger' points.

I tend to agree with you.....I prefer to make a final decision before entering into a transaction instead leaving it to a computer execute it.

 

Say someone has come across something when browsing through a certain platform during some free time.....

Then this should be sufficient to mention to someone who  maybe does not know about it at all..

To me, this is a smallish favour of info....

Thus, one need not have paid for and used the particular facility to comment...

Why split hair???

 

Hi all, Saxo and Protrader are standard program where u could only set buy sell alert based on a counter's price. In automated trading, the software will automatically scan through all selected counters and monitor their price movement. For day-trading activities, i need something more "spice" up where i can monitor the accumulation of certain counter automatically. To make things short, as long as i have a real time data feed and automated order submission, we could issue alert based on any combination of price movement.

 

in term of features, protrader is nothing compared to saxo's

i dun understand why we need to pay $30 every month which is free in saxo and other countries. anyway those who follow me would know i recommended protrader as i used it before.

 

singal, 3k is enough areadi if wanna trade stocks,cfd and forex, just that they would limit the tradeable types of derivaties. 10k would allow u to trade all types available. in saxo.

 

i would like to suggest one to try it themselves before commenting. it will carry more weight

 

Hi Mani,

I believe we have to pay subscription to use ProTrader right? 

 

If I am not wrong, POEMS's  ProTrader platform has some limited 'automated' trading features... .

 

Hi cyjjerry85,

I am currently exploring Saxobank trading system and their standalone software has this cool TA stock screener tool. I can set email alerts to inform me when a bullish/bearish sign appears.

 

The only drawback I find is that you need to make an initial deposit of S$10K with them before they let you use their software.

 

Correct me if i m wrong.. de alert for when to buy and sell could b set via your securities firm (eg OCBC), who could allow de system to send sms, email, etc to inform u tat de counter u interested or vested had hit your expected sell px or your cut loss px..

 

 

singaporegal...wad u mentioned below seems really exciting to use ...this "automated system" which can alert u to certain buy/sell conditions..how and where do we get it? 

 

Hi shplayer,

I think they are referring to software tools where you can setup buy/sell conditions a.k.a. trading systems...  (eg. Buy when price cross over the 200 MA line)

I'm quite wary of such tools. I prefer to make the final decision on a transaction. The next best thing is to use alerts instead. I get alerted when a buy/sell condition occurs.

 

Pardon my ignorance, but, if you sign up with a securities firm (iocbc, Poems, UOBKH, etc) to trade online, then place your buy/sell orders on queue, would it be the same as 'automated trading'? 

 

Yes, you are right that the system cannot quantify sudden news and major events but we can always program safe guard into the system such that it would not trade when the price has surge or plunge by certain percentage. The more sophisicated one can even alert the user before making the final order submission.

Automated Trading are nothing new, it has been around since the eighties when computer and communication system was good enough to crunch data.

What i need here is a brokage firm which can provide an API ( Application Programming Interface ) where i can interface it to my own custom program. Once this is available i can run my program 24/7 to analyse anomaly in the data trend and make automatic transaction or alert me to make a trade. Gone are the days of sitting in front of the terminal and watch price ticks up and down.

Anyone knows who has such a service ? Currently the real time data feed company doesn't provide trading capabilities e.g Reuters, Bloomber, Nextview and etc.

 

Isn't it dangerous to automate your trading? Because the automation doesn't take into account sudden news and happenings (eg.. earthquake, political crisis, war etc...) that may affect the stock market.

 

sounds like a pretty interesting system...~

 

hi loosejaws,

Sorry about that, i m not sure. Maybe you can approach any philips cap branch. Normally, i am using this system to buy/sell share.

 

Just check Phillip Capital, nowhere did they mention it support Automated trading account. Where can i read more about it ?

Thanks