Running MM-type algos
Hi everyone,
I’ve been meaning to get into the MM game for a while, but it seems like the odds are really stacked against retail in this sense. Every time I try to explore this space, I end up abandoning it because of some major road block: data cost, latency and fill probability have been the biggest ones so far. This is primarily why a while back I chose to focus exclusively on higher time frame trading (hourly or daily). This seems to work a lot better for me.
Therefore, out of curiosity, and before I kill a tone of time on this avenue again, has anyone here actually developed and ran live market-maker type algos? I’m not talking about the crazy FPGA and co-location segment, optimised for micro if not nano seconds of latency. Perhaps something a little less a sophisticated? And if so, has it worked? What was your experience in general?
Thanks for your input in advance!