To an algorithmic trader, Bitcoin is just another foreign currency. It is freely convertible to most major currencies, it can be traded 24x7, and it can even pay interest[1]. Furthermore, one can ask for historical data for backtesting, including level 2 quotes, from most of the exchanges. These exchanges offer application programming interfaces (API) to algorithmic traders for connection to their own automated trading programs. So the only question left is: what sort of systematic strategies can work on Bitcoin? To an algorithmic trader, Bitcoin is just another foreign currency. It is freely convertible to most major currencies, it can be traded 24x7, and it can even pay interest[1]. Furthermore, one can ask for historical data for backtesting, including level 2 quotes, from most of the exchanges. These exchanges offer application programming interfaces (API) to algorithmic traders for connection to their own automated trading programs. So the only question left is: what sort of systematic strategies can work on Bitcoin?
To an algorithmic trader, Bitcoin is just another foreign currency. It is freely convertible to most major currencies, it can be traded 24x7, and it can even pay interest[1]. Furthermore, one can ask for historical data for backtesting, including level 2 quotes, from most of the exchanges. These exchanges offer application programming interfaces (API) to algorithmic traders for connection to their own automated trading programs. So the only question left is: what sort of systematic strategies can work on Bitcoin?
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