I wanted to provide a quick post regarding some great service. So to prequalify my position, I have no financial interest in the following business nor do I benefit from this posting in any way, only wanted to share with others that are looking for the same thing.
I recently had the pleasure of meeting and dealing with Speedy Trading Servers . If you have a need for speed, and yet are on a budget, this has got to be one of the best bargains around! I just finished a week of hard testing of one of their mid tier servers and cannot believe the results. I ran a comparison of two identical round trip PING speed test into the RMS gateway, one from my home in Southern California, and the other from the Speedy Trading server in Chicago. Since seeing is believing, I did a quick screen short of both and have attached. 3154us VS 77293us ! Hey, I have T1+ speed, and am on the backbone and one hope off the west coast hub, so my SoCal numbers are good!
Look, I know of people that are co-located with a cross connect and they are faster than 3154us, but it costs them big time. For the average automated trader, you really can’t do any better than this set up that Speedy Trading Servers provides, this is a real value for service here!
PS: Hopefully a few of you caught the reference to Golden Earrings: Radar Love in my string title, which should be the theme song for speed seeking auto traders everywhere!
The following 7 users say Thank You to Happyface for this post:
From my experience ping times can make you money on an automated system. I went from using home internet lines 30ms - 40ms ping. To using a server in Chicago with sub 1ms ping. Makes big difference on fills especially in CL. ES maybe less so because so much liquidity but even there at times can make a difference.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
The following 3 users say Thank You to liquidcci for this post:
I wanted to use Speedy to optimise my fills, however you need decent bandwidth if you are running your charts from their server. I live in a rural area in UK and my bandwidth was just not good enough to update my screen. I would love to have used them, they were courteous, very responsive and technically savvy, but I'll have to stay with my medium-latency home system for now.
May be better suited to discretionary traders with high bandwidth, or automated systems traders.
The following 3 users say Thank You to keymoo for this post:
Keymoo, you were helpful to me on my prior string regarding limit order, I thought I would address your bandwidth point from my POV. My ping tests above is a round trip and therefore also measures with upload and download speed. However, I thought I would run a standard bandwidth test so everyone can compare in Mbps measurements. Again this is utilizing the same online bandwidth test both from My SoCal computer and the SpeedyTradingServer this morning:
I have again attached the screenshots on both of these.
Keymoo, in my prior string about Limit Order fills you provided some detailed posts (which were most helpful). In one you referenced “First In First Filled” as to order handling. Although speed is a MUST for auto traders, it is also important for anyone that wants the very best shot a good order fill at the price you want it to be filled. I look at it this way, always give your order the best possible position in the order queue! You actually helped me understand that being in best possible position in the order queue directly equates to trade fill efficiency. Trading is like 50% trade strategy and 50% trade order management, especially with limit orders. Getting in the front of the order line is a big part of getting filled and making any trade strategy work more efficently.
In addition to the obvious speed and bandwidth, there is also another factor in play and that relates to service interruption risk. You can have interruption in your broadband, electric, viruses on your home computer, etc., etc. Under a remote server set up, even if your electricity goes off at home office, you can access the server via a number of remote access apps for smart phones and iPads and/or the closest WiFi. I have friends that come to BBQs and monitor their remote servers trading from their iPad. It almost like the days before mobile phone when you were tethered to a hard wire land line phone.
It take no real bandwidth for your home office computer to remote view a server, since all the charts and program load is on the server.
Get a remote server already, and leave the old home computer at home with the old hard wire land phone (yes I still have a hard wire land line also, ha!)
Happy Trading everyone!
The following user says Thank You to Happyface for this post:
@Happyface, speedtest is not really made for very fast servers, the max speed is 1Gb/s (125 MBytes/s), and not a lot of speedtest servers can do that (I had sometimes some -1 values from speedtest, because it was unable to deal with these kind of speeds).
For @keymoo, if the client bandwidth is really low, with multiple screens, they is no miracle, you'll need at least 1 or 2mb/s in download speed to have something usable.
@Lampert, it seems you're not the only one, I'll change this tomorrow .
Success requires no deodorant! (Sun Tzu)
The following 3 users say Thank You to sam028 for this post: