Full transparent cost of using MATLAB for Algo Trading
david phan
on 2 Feb 2023
Latest activity Reply by Christopher Stapels
on 2 Feb 2023
Hi all,
I am wondering whats the total cost to use MATLAB for algo trading. The transparent part is of coz the price of matlab and the toolboxes. But I was shocked to find out the APIs to connect to Interactive Brokers are not free (costly in fact!). Is there free API to connect to IB? What other hidden costs are there? I saw the X Trader in the Automated Trading with MATLAB video. Is this XTrader software part of MATLAB toolbox? Do we need to pay additional to Trading Technologies (to use X_Trader). Also what data feed is the most cost effecient? Is there any additional hidden cost that I am not aware of?
Thanks!
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Log into your MathWorks account and click the Get MATLAB link near your avatar at the top. This will lead you to options for purchasing or provide you a way to contact sales staff to get a quote.
XTrader is owned by trading technologies but the datafeed toolbox is compatable and can communicate with the XTrader system.
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