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Yes. For example, if you currently have an active license for Trading Technologies and one year from now, you switch brokers and they only support Patsystems --> Send us an email and we will change your license to Patsystems at no charge.
Currently, CQG/Continuum only offers the full market depth without a way to offer clients the lower priced bid/offer. We are hoping to have a solution in place by the January 1st deadline that would allow traders to choose just the bid/offer option and pay $3 bundled pricing.
I am trying to understand the implication for traders who learn of and purchase the NT platform after 15 Jul 2014. If a trader want to use NT to trade an Asian Exchange e.g. could be BMD or Jakarta Future Exchange through PAT or Continuum whichever is available through the local Asian FCM; what are the options available for this trader assuming none of the listed broker on the NT Ecosystem trade into these exchanges.
We exchanged a few posts earlier in this thread on the same topic. In short, Interactive Brokers would be the best brokerage option with the most Asian exchange coverage at this time however, having a strategic partner in the region is desirable. All I can say at this time is that I am personally working on finding an FCM partner in the region and our datafeed/technology strategy likely will be driven by the FCM.
About existing NT clients, say we drop existing brokerage relationship for a new one. In that case are we stuck to the restricted Ecosystem partners list or able to change for a past technology that is no longer supported ?
I believe NT brokerage is currently only futures so you wouldnt be able to park your ira there. Could use IB ot MBT I think are the only full service left.
I emailed NT Brokerage soon after the transition (2 weeks ago) to take advantage of the new rates. At first I got an email that the new rates have been approved for my account.
To my surprise on the next statement the commission for ES roundturn was raised to 7,24$!
Emailed the support again and now got an email from Mr. Radecker, who I know was a Mirus support affiliate or so in Germany. He said that the publically posted commissions on the NT Brockerage website are not for German traders! Questionable, but there is nothing I can do about that.
But only last Friday after 2 weeks my commissions were corrected with an empty email answered by the NT support. No refund has been given for the 32,50$ overcharge.
So traders please be aware. After this trouble I guess I will take my business elsewhere...