Benefits Of Using The ITCH Protocol Trading Technology
ITCH is an outbound market data feed only. The ITCH protocol does not support order entry. Timestamps are represented as nanoseconds. Giventhe unshapednetwork traffic, isrequiring firms to have 10 Gb or 40 Gb network connection into the data centers to obtain the ITCH feed.
Truly dark liquidity can be collected off-market in dark pools using ITCH, FIX and FAST protocol based APIs. In finance, a dark pool (also black pool) is a private forum for trading securities, derivatives, and other financial instruments. Liquidity on these markets is called dark pool liquidity. The bulk of dark pool trades represent large trades by financial institutions that are offered away from public exchanges like the New York Stock Exchange and the NASDAQ, so that such trades remain confidential and outside the purview of the general investing public.
The Westernpips Group company conducts a number of new developments on working with dark pool and high-speed direct connections via ITCH, FIX, FAST, BINARY and other protocols in order to generate the highly profitable algorithmic technologies in HFT trading.
Native Order Flow: FIX
FIX Order Flow: FIX4.4
Market Data: UMDF (FAST/FIX)
Native Order Flow: FIX
FIX Order Flow: FIX4.4
Market Data: UMDF (FAST/FIX)
Native Order Flow: FIX
FIX Order Flow: 4.4 - version 2.4
Market Data: INTRA / SIVA TCP
Native Order Flow: n/a
FIX Order Flow: iLink
Market Data: Simple Binary Encoding
Native Order Flow: UTP Direct
FIX Order Flow: FIX4.2
✔ Ultra-low latency market information access up to 3 times faster;
✔ Improved latency stability (reduced jitter);
✔ Control of the Socket;
✔ Multicast stream of order book changes;
✔ Full order detail, meaning every quote and every order in every lit orderbook;
✔ Internationally recognised and standardised protocol;
✔ Time-stamping from Trade to the nano-second ;
Warning! All Exchange and brokers require a monthly fee for using the ITCH protocol connection. The cost of using this type of connection depends on which Exchange you select to get fast quotes and for trading and what tools you need (currency pairs, indices, gold, cryptocurrency).
For example, quotes/trading from FastMuch Exchange using ITCH Protocol cost about 7500 USD per month. CBOE exchange cost about 5000 USD per month. Lmax Exchnange cost about 25 000 USD per month. The cost also depends on your trading volume and initial deposit. The minimum deposit for opening an account with the possibility of trading through the ITCH protocol is from 10,000 USD.
This electronic trading protocol for international real-time exchange of data feed for HFT Trading purpose...
ITCH is the revolutionary outbound protocol for market data transfer and recieve only. This the best way for HFT traders...
westernpips.com
Westernpips company is the market leader in arbitrage technology for low-latency traders. Since 2007, we have been working, improving and looking for new ways for algorithmic trading and making profit not only by the participants of our company, but also by our customers, partners and investors. Together with you, we have already come a long way and today our products and services are used all over the world and we are trusted by many large institutional traders because we work for the success of our clients and new achievements in high-frequency algorithmic trading and arbitrage in Forex, CFD`s, the market for futures and crypto currencies.