AlgoTrader is a Java based Algorithmic Trading Software that lets trading firms automate trading strategies in forex, options, futures and stocks There are two ways to access algorithmic trading software: build or buy. Purchasing ready-made software offers quick and timely access, while building your own allows full flexibility to customize it to your needs. The automated trading software is often costly to purchase and may be full of loopholes, Futures, or rather, futures contracts, are somewhat similar to options – they, too, consist of an agreement between seller and buyer about a transaction at a predefined price and time. While with options the buyer is free to waive his right, with futures the obligation to buy and sell is mutual.