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Great Documentation for Investment and Trading Systems
Just wanted to clear up some misinterpretation that seems to exist
about HTTP://ITSdoc.org, the free documentation site geared to people building Investment and Trading Systems. ITSdoc is NOT a trading system. It's an advertising free, open-source documentation encyclopedia. At best, it's a resource for coders to use in building Investment and Trading Systems. It's the pre-code thinking, groundwork and collation of relevant background information - -part of the solution, but definitely not the whole enchilada! It's designed to lower the bar a bit for people who are highly intelligent programmers, but who may not have much real world experience trading the investment markets. Basically, it's a bunch of stuff to think seriously about when designing and coding Investment and Trading Systems. See for example: http://www.itsdoc.org/tiki/tiki-inde...l+Requirements and http://www.itsdoc.org/tiki/tiki-inde...tal%20Analysis (Including pages 2,3,4) and http://www.itsdoc.org/tiki/tiki-inde...ng+Interview+1 Separate code projects, some open-source GPL licensed, use SELECT portions of the content at ITSdoc.org to help design and update their code bases. Most of these projects are working on LIBRARIES of open-source code, not complete, automated trading systems. All live code projects are separate from ITSdoc.org. See for example: http://ojts.sourceforge.net/ The active, open-source, GPL licensed, code projects producing LIBRARIES of code based on ITSdoc.org content are also NOT complete trading systems. The end user always must set up the strategy. All the code library does is help formulate, express and execute that particular investor's strategy. Programmers are the most important target group that ITSdoc.org serves. The site is designed to be accurate, terse and in a form that coders will find helpful and enjoyable. It's not a site where individual, isolated traders come to swap secretes on how they really exploit juicy short-term market inefficiencies. Why would anyone share that information in an open-source site on the Internet? See: http://www.itsdoc.org/tiki/tiki-inde...tronic+Trading Academics, particularly those doing great tutorial work with students and using open source Excel or Java code examples are especially welcome at ITSdoc! A large part of the job at hand is to bring bright programmers quickly up to speed in the actual operation of the investment markets. Really good, terse examples in code snips are very helpful! We are probably not looking for esoteric academic financial research better located in the advanced academic journals such as the Journal of Finance, etc. We are however quite interested in practitioner oriented, highly applied research, expressible in code, such as might appear in the Financial Analysts Journal, Journal of Portfolio Management, etc. If the research is applied and sheds light on relevant data structures that might be used in systems, it's an excellent candidate for coverage at ITSdoc. ITSdoc's views trading as requiring very high quality interconnections to virtually all significant pools of liquidity for the class of asset that is being invested in. The technical challenges of making these interconnections with several different trading markets are considerable! In this environment "no man is an island." While all investors and traders compete to some extent for better investment returns, there is much common ground where no competition needs to exist in making these connections. This is the common area is where ITSdoc provides coverage. For example see: http://www.itsdoc.org/tiki/tiki-inde...page=Standards Electronic trading is a critical functional area covered by ITSdoc. However the site makes zero attempt to be a quick and dirty guide in how to beat the highly sophisticated investment markets without really exerting much effort See: http://www.itsdoc.org/tiki/tiki-inde...tronic+Trading and http://www.itsdoc.org/tiki/tiki-inde...ithmic+trading I hope this clears up some of the confusion as to the goals and objectives of ITSdoc. Rick ITSdoc.org |
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