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Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100
There is no any benefit for traders who want to trade options or only trade Asian exchanges to use package 12.
And there is definitely no any benefit for traders who want to trade options or only trade Asian exchanges to use package 10 or higher since Denali data feed doesn't including data of Asian exchange, and SC said this will never support.
According to above statement, even the same price it is overprice to traders who want to trade options or only trade Asian exchanges, so it is absolutely not reasonable to charge more to us.
Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100
Hi Josh, what op said is not inaccurate thing, looks the following from SC website:
Effective January 15, 2022, Service Package 5 or higher will be required to use CQG when there is a usage time renewal, or for new Sierra Chart accounts.
And sometime thereafter, probably March 2022, there will be a requirement that Service Package 10 or higher is required to use CQG in the same way.
And eventually, when there is sufficient support for the Teton order routing service among the clearing firms, and we have EUREX trading support added to Teton, probably we will require package 12 to use CQG. CQG support will remain for those who want to trade futures options, or want to trade less common exchanges like the Asian exchanges.
I've been using Sierra Chart since 2009 & possibly even before that. There was a moderate initial learning curve & I'll admit that I walked away from it once or twice in the beginning for a few months because of it. In my opinion, it is a fantastic trading platform. The costs have gone up for me over the 13 years, but not by much & not more than you'd expect over that period. I'll use their support once or twice a year & haven't had any issues. I use it for futures trading & stock/futures analysis.
The company's software & philosophy are a good fit for me, but not for everyone.
What does any of this have to do with my reply post that you quoted?
Just to be clear- your assertion that Sierra is not good or 'worth it' because you can't trade Asian exchanges using Denali as you suggested is illogical. It is not geared towards this, so why would you even judge it by that yard stick?
Guys, come on... seriously. A trading package is very personal, and everyone has different needs. At least be logical about how you judge something.
Clearly you can't knock a package for not doing what you want it to do- if it was not made for that in the first place. It's not like they offer that service and it's broken.
Everything Sierra is designed to do, it does very well (for the most part), and offers incredible amounts of customizability unseen in any other retail package. It might not be designed for what YOU need. So look elsewhere.
I'm not a Sierra Chart 'fanatic' or anything of the sort.
The only reason I am even putting a few minutes into typing these messages in this thread to their defense is the same reason I have done in other threads-
People come to this forum to get informed. If I can do my part in making sure they are properly informed, I will.
So if someone comes and bashes a good tool, for reasons that are not (in my opinion) sound or valid- it should be countered and rebuffed civilly; as done here- when I saw a thread titled as it is here, and erroneous information (or misinformation) provided.
However, you can't trade CME options and Asian exchange product through their direct order route, and there is no any benefit for me to use package 12.
Tell me, what kind of logics can let traders as me to agree you that SC is under priced?
Now CQG users become commercial tool of SC to help them defeat their competitor.
This is "totally" different from what you mentioned, only "fanatic guys" will want to dwarf themself to become commercial tool of SC voluntarily without any paid.