Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Hello,
As I'm sure many of you are aware, Sierra has decided to narrow their order routing to TT. They claim that this will allow them to double down on their order routing development and maintenance by focusing on one channel.
I'm curious to hear thoughts regarding 'comfort' levels using Sierra and TT for order routing. We know that earlier in the year TT had major outage and performance issues - so curious to hear thoughts on whether folks think that making a switch to an Introducing Brokers that supports TT is worth it - or if switching your order routing to Denali + TT is worth it.
Thanks
Ankh
Hello,
Yes, currently it is TT's order routing. Sierra is also currently working on their own Order Routing. You can view this Sierra post for more information.
7.29.21 Copied and pasted the wrong URL: Here is the correct URL: https://www.sierrachart.com/SupportBoard.php?ThreadID=46231
Outside of the outage TT faced earlier in the year which you refer to above, the Sierra Chart Futures Order-Routing Service has been terrific from my experience. The TT outage prompted Sierra Chart to focus on removing the dependency on TT, and I believe based on the quality of their other services like the platform and the Denali Exchange Data Feed that this will be very good.
Still, even with the TT dependency I would say it is excellent. Server-side bracket-orders with auto-scaling that work without error (plus probably a lot more order types that I don't currently use) and very good execution in my experience. Should only get better if they remove TT from the backend too.
With Edge Clear and I'm sure with other brokers, you may not be able to use any trading metrics that the broker provides and you may not get a clear balance until the end of the day since they do not have a way to tie in to the order-routing system, but you can track this anyway (and Sierra will display the gross P/L change) and since its an order-routing system I don't want any overhead anyway. Not sure if Sierra will offer some kind of metrics when they remove TT from the backend.
Yes, I knew the current SC order routing was TT, but from your post it sounded like you were saying the new order routing was going to be TT which I didn’t think was accurate.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
I'm not sure what TT order routing entails any more, especially when we talk about someone like SC.
Back in the XTrader days, TT had a product called exchange gateways (which have their own Order Servers & Price Servers), and brokers would have their own gateways for their clients. Easy to see how somebody like SC could connect to these exchange gateways.
New TT though is a hybrid cloud/exchange co-located product. TT's front end, is all in the cloud but the autospreaders, ADL, etc is all co-located at the exchange. Not sure how someone like SC leverages this.
In my experience, most if not all of the 'New TT' order routing issues (and there are a lot more than there were when we used XTrader Gateways) are not due to the actual order routing (what I think of as the old 'exchange gateways') but due to communication/messaging or infrastructure issues between the cloud and exchange infrastructure. It's difficult to know precisely, while TT are good at notifying you of outages, they are not good at following up and explaining what went wrong. As we saw with the AMP fiasco earlier in the year, the little explanation we saw, was released by AMP and not TT, even though what AMP released was written by TT.