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Show HN: Trade stocks from the command line with no commission

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Re: Show HN: Trade stocks from the command line with no commission

#51

Post by gunn »

teruakohatu wrote: post #33
larrykubin wrote: post #10

Shameless plug: I started a YouTube channel on this topic that covers a lot of commission free trading API's, including Alpaca (got featured in their docs), Robinhood Private API, TD Ameritrade, Tradier, and more. I'm seeing a huge growth in interest in developing automated trading bots and algos. With commissions dropping to zero, there is a huge wave of day/swing traders that want to learn Python, so am creating as…

I have subscribed to your channel. Do you know of any services that allow non US residents to join? I am in New Zealand.

There's https://hellostake.com/ for NZ and AU. They don't have an API yet but would like to in the future - see comment here: https://old.reddit.com/r/PersonalFinanceNZ/comments/fnbmlx/x...

As mentioned, Sharesies plan to allow US market access: https://app.sharesies.nz/us-equities-register They do seem to have a private API at least: https://app.sharesies.nz/api/fund/list

https://www.revolut.com/en-NZ have plans to expand to NZ, I don't know much about their services though.

Re: Show HN: Trade stocks from the command line with no commission

#52

Post by klohto »

srazzaque wrote: post #45

(Disclaimer that I'm working on an open source FIX engine in Lisp.) This is a really cool project! But alas I couldn't use it as I'm not in the US, and I don't trade with Alpaca. And I feel like this plays into a negative trend I'm seeing. The retail brokerage market right now is treading on similar 'mistakes' in institutional markets 15ish years ago. Proprietary APIs were prolific, and therefore increased switching…

Since you’re not from US, what trading platforms do you use? I haven’t found any with free commissions and public APIs in the EU. Well, except for Interactive Brokers.

Re: Show HN: Trade stocks from the command line with no commission

#53

Post by hnarn »

klohto wrote: post #52
srazzaque wrote: post #45

(Disclaimer that I'm working on an open source FIX engine in Lisp.) This is a really cool project! But alas I couldn't use it as I'm not in the US, and I don't trade with Alpaca. And I feel like this plays into a negative trend I'm seeing. The retail brokerage market right now is treading on similar 'mistakes' in institutional markets 15ish years ago. Proprietary APIs were prolific, and therefore increased switching…

Since you’re not from US, what trading platforms do you use? I haven’t found any with free commissions and public APIs in the EU. Well, except for Interactive Brokers.

Not sure about API but there’s Degiro.

Re: Show HN: Trade stocks from the command line with no commission

#54

Post by nelaboras »

klohto wrote: post #52
srazzaque wrote: post #45

(Disclaimer that I'm working on an open source FIX engine in Lisp.) This is a really cool project! But alas I couldn't use it as I'm not in the US, and I don't trade with Alpaca. And I feel like this plays into a negative trend I'm seeing. The retail brokerage market right now is treading on similar 'mistakes' in institutional markets 15ish years ago. Proprietary APIs were prolific, and therefore increased switching…

Since you’re not from US, what trading platforms do you use? I haven’t found any with free commissions and public APIs in the EU. Well, except for Interactive Brokers.

IB doesn't seem to be commission free though.

Re: Show HN: Trade stocks from the command line with no commission

#55

Post by srazzaque »

klohto wrote: post #52
srazzaque wrote: post #45

(Disclaimer that I'm working on an open source FIX engine in Lisp.) This is a really cool project! But alas I couldn't use it as I'm not in the US, and I don't trade with Alpaca. And I feel like this plays into a negative trend I'm seeing. The retail brokerage market right now is treading on similar 'mistakes' in institutional markets 15ish years ago. Proprietary APIs were prolific, and therefore increased switching…

Since you’re not from US, what trading platforms do you use? I haven’t found any with free commissions and public APIs in the EU. Well, except for Interactive Brokers.

I'm in Australia, so the choices here are also a bit limited. Also, I'm less interested in equities. In the CFD space, my shortlisting technique now is basically "do you offer cTrader", because as mentioned above, this means they have a FIX endpoint.

Broker offerings here seem a few "paradigm shifts" behind the US. Zero commissions are unheard of last I checked. Also, if you approach some brokers here and ask for an API or a FIX endpoint, you're either told to go away, or you're effectively ushered into a luxurious room, poured some exquisite scotch, and asked about how many millions of AUD you're looking to trade per month. And _then_ told to go away.

Edit: disambiguate "Aus" :-)

Re: Show HN: Trade stocks from the command line with no commission

#56

Post by zelly »

srazzaque wrote: post #45

(Disclaimer that I'm working on an open source FIX engine in Lisp.) This is a really cool project! But alas I couldn't use it as I'm not in the US, and I don't trade with Alpaca. And I feel like this plays into a negative trend I'm seeing. The retail brokerage market right now is treading on similar 'mistakes' in institutional markets 15ish years ago. Proprietary APIs were prolific, and therefore increased switching…

The proprietary API is guaranteed to be slower. The brokers must send order flow as FIX to the exchange. This adds latency of however long it takes the broker's software to translate to FIX. I don't think there are any successful quant strategies that don't rely on speed, so basically anything with a proprietary API is solely for amateurs.

Re: Show HN: Trade stocks from the command line with no commission

#57

Post by giorgioz »

bwood wrote: post #34

Alpaca is great! As far as brokerage APIs go, theirs is top notch and a breeze to code for. The founders are also really responsive and helpful. I know this because I wrote an app that connects to Alpaca accounts (as well as other brokerages) to help people build their own custom index funds [0]. It only took a few weeks to build our Alpaca integration, whereas other brokerages often take months/years just to get acc…

how does Alpaca make money?

Re: Show HN: Trade stocks from the command line with no commission

#58

Post by gunn »

gunn wrote: post #51
teruakohatu wrote: post #33

Earlier quoted context omitted.

I have subscribed to your channel. Do you know of any services that allow non US residents to join? I am in New Zealand.

There's https://hellostake.com/ for NZ and AU. They don't have an API yet but would like to in the future - see comment here: https://old.reddit.com/r/PersonalFinanceNZ/comments/fnbmlx/x... As mentioned, Sharesies plan to allow US market access: https://app.sharesies.nz/us-equities-register They do seem to have a private API at least: https://app.sharesies.nz/api/fund/list https://www.revolut.com/en-NZ have plans to…

I also just found https://hatchinvest.nz/ - has US market access, I don't know about an API

Re: Show HN: Trade stocks from the command line with no commission

#59

Post by sitzkrieg »

lawrenceyan wrote: post #46
pmorici wrote: post #39

Earlier quoted context omitted.

Sell order flow to HFT?

Exactly.

which is fine for retail traders, often resulting in execution improvements in dark pools etc. its amazing to me no one questions no commissions but trading equities is decentralized garbage anyway

Re: Show HN: Trade stocks from the command line with no commission

#60

Post by nurettin »

srazzaque wrote: post #45

(Disclaimer that I'm working on an open source FIX engine in Lisp.) This is a really cool project! But alas I couldn't use it as I'm not in the US, and I don't trade with Alpaca. And I feel like this plays into a negative trend I'm seeing. The retail brokerage market right now is treading on similar 'mistakes' in institutional markets 15ish years ago. Proprietary APIs were prolific, and therefore increased switching…

FIX is just a protocol template. Vendors will make non-standard extensions to it. For example: OCO you send to CQG won't work with StoneX.
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