cloudcamp chicago nov 2104 fintech - justin bouchard’s "using technology at algofast"

14
Using Technology at AlgoFast Justin Bouchard, Founder of AlgoFast and CEO of Bouchard Trading Tweet: @BouchardJustin #cloudcamp #cloudcamp @CloudCamp_CHI Sponsored by Hosted by

Upload: cloudcamp-chicago

Post on 16-Jul-2015

89 views

Category:

Technology


1 download

TRANSCRIPT

Using Technology at AlgoFast !

Justin Bouchard, Founder of AlgoFast and CEO of Bouchard Trading !Tweet: @BouchardJustin #cloudcamp

#cloudcamp @CloudCamp_CHI

Sponsored by

Hosted by

PLAIN ENGLISH

earnings per shareare less than $2

OR the P/E ratiois above 20

I will sell 10 shares of XYZ at$10 per shareIF OR THEN

ENRON TIMELINE

EARNINGS EXAMPLE

FUNDAMENTAL EVENTS

NATURALDISASTERS

INSIDERTRADING

SENTIMENTSCORES

SOCIAEVENTS

ABNORMALOPTIONS

CORPORATEANNOUNCEMRNT

EARNINGSREPORTS

WORLDECONOMY

LAWSUITS

CHALLENGES WITH DOWNLOADABLE SOFTWARE

New Releases & Innovation

+ Patch Updates

+Backward Compatibility

+Complex IT Firewalls

= Handholding

Two Types of Algo Trading Strategies

1. (FAST) Build the smallest, most elegant code

2. (SMART) Build more complex code, with more conditions and constraints to handle a wider variety of market events.

AlgoFast Strategy Engine

1. Local Computer (at your home or office)2. Co-Located Server (at the exchange)3. In the Cloud

Moore’s Law

Moore’s Law

Ray Kurzweil

Law of Accelerating Returns

CONCLUSION