[ANN] KRAKEN.COM - US-based Exchange w/ Margin Trading - OPEN BETA

Dargo

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Quote from: LeChatNoir on January 02, 2014, 09:42:11 AM

I was trying to develop a liquidity provider algo to this exchange but it's impossible to work with current rate limits.
I'm receiving the error rate limit exceeded even if i post one request every 6 seconds.
That limit is ridiculously low for developing trading bots.
Hope you will find a way to allow at least 1 order or request per second in the future, this is a very serious issue for an exchange that wants to attract liquidity and be competitive.
Can you please write of these limits in the API page?
It sucks to lose 3 working days to code something big and then realizing it can't work because of this ridiculous low rate limit!

Hi - It's not a big deal, but you've necroed our beta thread. We have a post-launch thread now and that's the best place to post stuff (it's in this same subforum).

I agree that if you're trying to operate as a liquidity provider or market maker, the standard limits aren't nearly enough. But we do offer higher limits for people who will be acting as liquidity providers. Just create a support ticket about it and PM me with the ticket number.

The standard rate limit should allow for 1 call every 5 seconds, so I'm not sure why you're having trouble with 1 call every 6 seconds.

LeChatNoir

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Coinpanion.io - Copy Successful Crypto Traders

I was trying to develop a liquidity provider algo to this exchange but it's impossible to work with current rate limits.
I'm receiving the error rate limit exceeded even if i post one request every 6 seconds.
That limit is ridiculously low for developing trading bots.
Hope you will find a way to allow at least 1 order or request per second in the future, this is a very serious issue for an exchange that wants to attract liquidity and be competitive.
Can you please write of these limits in the API page?
It sucks to lose 3 working days to code something big and then realizing it can't work because of this ridiculous low rate limit!

Rampion

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Activity: 1148

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Quote from: Dargo on August 21, 2013, 12:19:17 PM

Quote from: Rampion on August 21, 2013, 11:13:18 AM

I'm using the BETA, but I get the following error when I try to log in:

Should be fixed now - let me know if you are still having issues.

Quote

BTW, nice site, hope it can go live soon.

Thanks - we're hoping to go live soon too.

Fixed.

Dargo

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Quote from: Rampion on August 21, 2013, 11:13:18 AM

I'm using the BETA, but I get the following error when I try to log in:

Should be fixed now - let me know if you are still having issues.

Quote

BTW, nice site, hope it can go live soon.

Thanks - we're hoping to go live soon too.

Rampion

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Activity: 1148

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I'm using the BETA, but I get the following error when I try to log in:

BTW, nice site, hope it can go live soon.

kakobrekla

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Psi laju, karavani prolaze.

Quote from: btcx on May 03, 2013, 01:31:40 AM

Target launch for real trading is mid next week.

May 3rd. Just keepin a record.

Dargo

legendary

Activity: 1820

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Quote from: jimbobway on August 16, 2013, 02:24:00 PM

Any ETA for Kraken to go out of beta for live trading?

I'd love to give an ETA, but Lips sealed

can't. We're just trying to avoid projections at this point since they can be unreliable and a set-up for disappointment. We've made great progress in the last few weeks, but depending on how things go it could still be a while before we're able to take certain services live.

jimbobway

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Any ETA for Kraken to go out of beta for live trading?

Dargo

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Quote from: qxzn on August 14, 2013, 03:27:31 AM

Quote from: Dargo on August 14, 2013, 12:40:00 AM

Quote from: qxzn on August 13, 2013, 07:52:28 PM

Quote from: Dargo on August 13, 2013, 07:01:10 PM

The limit for sustained orders is about 1 per minute.

This strikes me as crazy too low, by about two orders of magnitude.

So you're saying that you need to trade at a sustained rate around 1 order every half second?

No, but that would be a nice margin of safety. An average rate of 1 order every few seconds is not crazy.

I see, just wanted to make sure I understood your suggestion. It's not crazy, but also not something we'll be able to accommodate at launch. Possibly later though.

Dargo

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Quote from: nitrous on August 14, 2013, 01:58:26 AM

Quote from: Dargo on August 14, 2013, 12:28:36 AM

Quote from: nitrous on August 13, 2013, 07:11:35 PM

Thank you very much, that's great

Are there any plans to reduce the limit for orders in the future? I remember using the beta a while ago and finding that I couldn't close a position because I had exceeded the rate limit.

Not that I know of, but our plans are flexible and we want to do everything we can to meet the needs of our clients (ya know, within reason, given certain limitations, the resources at our disposal and all that) - so please continue to communicate with us about what features you'd like to have. Since you hit the rate limit in beta trading with fake money, there's some question as to whether it would be an issue for you trading with real money, but if so let us know.

Ok, I understand that the clearing algorithms can be quite taxing so it's a good thing that you're enforcing some conservative limits. This is probably what other exchanges have got wrong in the past and the reason for their crashes, so this is some good forethought, though hopefully you'll be able to reduce the limit as you grow and get new resources. Yeah most likely; it was my first time on the beta and I went a little overboard with trading Wink

Yeah, we could probably reduce the limit in the future, and it'd be even more likely if enough users let us know they need a lower limit.

nitrous

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Quote from: Hfleer on August 14, 2013, 05:31:35 AM

Any way to update the post here to reflect current situation. Seems like it's a bit out of date. I see Dargo is answering some of the questions now. Just came here to check on the status, but don't want to read through the whole thread.

Hi Hfleer, here are the last two status updates from Dargo:

Quote from: Dargo on July 25, 2013, 12:48:38 PM

Quote from: capoeira on July 25, 2013, 10:22:58 AM

any date for the launch in sight?

We don't have a date, but the "to do before launch" list is getting pretty short.

But some of the things on the list are hard to get an ETA for, so it's hard to be specific.

Quote from: Dargo on July 31, 2013, 02:04:17 PM

Quote from: cet on July 31, 2013, 10:45:40 AM

Is there any word on Kraken release date? /cet

We're waiting on a few things that could fall into place anytime now, but could also take a while longer, so it's hard to say anything definite about a launch date. Hang in there, we're doing everything we can to make it sooner than later.

Hfleer

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Quote from: btcx on May 03, 2013, 01:31:40 AM

In light of recent events, we just wanted you guys to know that we’re on the motherfucker. Go back in there, chill out and wait for the cavalry which should be coming directly: https://beta.kraken.com

Target launch for real trading is mid next week. Beta accounts are auto-funded with funny money and will be wiped at launch. Actual deposits/withdrawals are disabled. Address support issues to beta-support@

Any way to update the post here to reflect current situation. Seems like it's a bit out of date. I see Dargo is answering some of the questions now. Just came here to check on the status, but don't want to read through the whole thread.

qxzn

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Activity: 609

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Quote from: Dargo on August 14, 2013, 12:40:00 AM

Quote from: qxzn on August 13, 2013, 07:52:28 PM

Quote from: Dargo on August 13, 2013, 07:01:10 PM

The limit for sustained orders is about 1 per minute.

This strikes me as crazy too low, by about two orders of magnitude.

So you're saying that you need to trade at a sustained rate around 1 order every half second?

No, but that would be a nice margin of safety. An average rate of 1 order every few seconds is not crazy.

nitrous

sr. member

Activity: 246

Merit: 250

Quote from: Dargo on August 14, 2013, 12:28:36 AM

Quote from: nitrous on August 13, 2013, 07:11:35 PM

Thank you very much, that's great

Are there any plans to reduce the limit for orders in the future? I remember using the beta a while ago and finding that I couldn't close a position because I had exceeded the rate limit.

Not that I know of, but our plans are flexible and we want to do everything we can to meet the needs of our clients (ya know, within reason, given certain limitations, the resources at our disposal and all that) - so please continue to communicate with us about what features you'd like to have. Since you hit the rate limit in beta trading with fake money, there's some question as to whether it would be an issue for you trading with real money, but if so let us know.

Ok, I understand that the clearing algorithms can be quite taxing so it's a good thing that you're enforcing some conservative limits. This is probably what other exchanges have got wrong in the past and the reason for their crashes, so this is some good forethought, though hopefully you'll be able to reduce the limit as you grow and get new resources. Yeah most likely; it was my first time on the beta and I went a little overboard with trading Wink

Dargo

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Activity: 1820

Merit: 1000

Quote from: qxzn on August 13, 2013, 07:52:28 PM

Quote from: Dargo on August 13, 2013, 07:01:10 PM

The limit for sustained orders is about 1 per minute.

This strikes me as crazy too low, by about two orders of magnitude.

So you're saying that you need to trade at a sustained rate around 1 order every half second?

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: nitrous on August 13, 2013, 07:11:35 PM

Thank you very much, that's great

Are there any plans to reduce the limit for orders in the future? I remember using the beta a while ago and finding that I couldn't close a position because I had exceeded the rate limit.

Not that I know of, but our plans are flexible and we want to do everything we can to meet the needs of our clients (ya know, within reason, given certain limitations, the resources at our disposal and all that) - so please continue to communicate with us about what features you'd like to have. Since you hit the rate limit in beta trading with fake money, there's some question as to whether it would be an issue for you trading with real money, but if so let us know.

qxzn

hero member

Activity: 609

Merit: 505

Quote from: Dargo on August 13, 2013, 07:01:10 PM

The limit for sustained orders is about 1 per minute.

This strikes me as crazy too low, by about two orders of magnitude.

nitrous

sr. member

Activity: 246

Merit: 250

Quote from: Dargo on August 13, 2013, 07:01:10 PM

Quote from: nitrous on August 13, 2013, 10:59:54 AM

Hi Dargo,

Can you clarify some points regarding the API?

1) What is the request/throttle limit before getting banned, if any? (e.g. 1 request per second)

It's a bit complicated since there are a variety of factors that can change things, but the basic limits are as follows. The limit for sustained requests is 1 request every 5 seconds. The limit for sustained orders is about 1 per minute. The sustained limits can be exceeded in short bursts. Keep in mind that this is subject to change as we see how people use the API.

Quote

2) Will you allow users to download all previous trade data with https://api.kraken.com/0/public/Trades? Many users have a need for bulk trade data, but this can cause undue load on API servers (hence MtGox's plan to provide a Google bigquery database), so if you don't want to support bulk data through this API method please consider an alternative way to access this data

Yes. But we'll probably have to add more systems to support it, so it may not be available initially.

Quote

3) Are there any plans to implement a socket API for realtime data?

Yep. As soon as more basic stuff is taken care of, it'll have priority. No ETA yet of course.

Quote

Thanks, I look forward to your release Cheesy

Yeah, we're looking forward too, and doing everything we can to make it ASAP!

Thank you very much, that's great

Are there any plans to reduce the limit for orders in the future? I remember using the beta a while ago and finding that I couldn't close a position because I had exceeded the rate limit.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: nitrous on August 13, 2013, 10:59:54 AM

Hi Dargo,

Can you clarify some points regarding the API?

1) What is the request/throttle limit before getting banned, if any? (e.g. 1 request per second)

It's a bit complicated since there are a variety of factors that can change things, but the basic limits are as follows. The limit for sustained requests is 1 request every 5 seconds. The limit for sustained orders is about 1 per minute. The sustained limits can be exceeded in short bursts. Keep in mind that this is subject to change as we see how people use the API.

Quote

2) Will you allow users to download all previous trade data with https://api.kraken.com/0/public/Trades? Many users have a need for bulk trade data, but this can cause undue load on API servers (hence MtGox's plan to provide a Google bigquery database), so if you don't want to support bulk data through this API method please consider an alternative way to access this data

Yes. But we'll probably have to add more systems to support it, so it may not be available initially.

Quote

3) Are there any plans to implement a socket API for realtime data?

Yep. As soon as more basic stuff is taken care of, it'll have priority. No ETA yet of course.

Quote

Thanks, I look forward to your release Cheesy

Yeah, we're looking forward too, and doing everything we can to make it ASAP!

Dargo

legendary

Activity: 1820

Merit: 1000

^^^ nitrous, I've passed your questions to the dev responsible for the API. Will let you know as soon as I hear back.

Topic: [ANN] KRAKEN.COM - US-based Exchange w/ Margin Trading - OPEN BETA (Read 14334 times)