I'm definitely aware that I can save the data however I want.  I've
modified the format extensively in the past, and continue to do so.
Similarly, I know that the *entire* book is too much data for
optimization jobs due to the sub-second updates, etc.  I was hoping to
spur a discussion of how others may have modified the format, and if
any of those modifications might be considered candidates for
inclusion into the baseline.

For instance, I have not touched the 1-second resolution, but for what
I'm currently testing, I've added a single price field to each line
that gives me additional insight into the state of the book.

-Adam

On Jul 8, 6:07 pm, nonlinear5 <[email protected]> wrote:
> > As I understand it, the major reason for not saving the entire book
> > was that the data files would get way too big way too quickly.  Large
> > data files would be difficult to share over the net, and would add a
> > lot of disk overhead during optimization and backtesting.
>
> > Over the last couple of years, it seems to me that the amount of data
> > file sharing has dropped off dramatically.  Other aspects of the
> > optimizer performance have been improved, which might now be able to
> > be traded for disk usage.  In my backtesting and optimization system,
> > I've got a 7-disk 3TB ZFS Raid, a dual-processor multi-core CPU
> > configuration, and loads more RAM than I had years ago.  I'm also on
> > fiber now, instead of cable.  Data file size is really not the same
> > obstacle it used to be for me.
>
> Disk space is cheap, indeed. It was never the issue, however. The
> problem is with backtesting and optimizing these enormous quantities
> of data. If you want to capture the entire book, it would be 40 items:
> 10 bid prices, 10 bid sizes, 10 ask prices, and 10 ask sizes. Each of
> these 40 items changes approximately 4 times per second. This totals
> to about 40 * 4 = 160 data pieces per second. This mean that JBT would
> take about 100 times longer to backtest and optimize. I have a pretty
> fast machine, but some optimization jobs take several hours. With the
> "full book capture", these jobs would take weeks to complete.

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