I am seeking insights from traders who have implemented algorithmic trading programs on the cloud or at their local workstations. My goal is to determine the most efficient, cost-effective, and scalable option that meets my performance and security requirements.
Project Overview:
I am looking to implement a medium frequency trading system that trades in capital markets. My initial setup executes orders per 10 seconds, but I will upscale it to 1 millisecond in due course. I have reservations about the scalability of my local machine to handle varying loads. Also, I came across multiple resources that suggest cloud solutions are more reliable. I am also skeptical about redundancy and failover mechanisms on the cloud. Is my data secure?
Given my strategy executes orders in a time-sensitive interval, latency and bandwidth are my utmost priority. Also, cloud solutions are managed services so I can better focus on monitoring the system, rather than doing maintenance. Any suggestions about system configurations and networking protocols are most welcome.
Thank you for your time and effort in responding to this question. I am grateful for your insights.
Thanks,
Sandeep
