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Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 795 since Oct 2009
too expensive, especially when their unique dome has lost its uniqueness in the world of HFT's and other work arounds
too much competition has invalidated what made TT (which made the earliest automation methods possible) so unique in the early years.
one has to constantly innovate their products, or build it to sell it business model.
the business model where you retire off your assets has long ago melted under the heat on invention and being in such a dynamic marketplace
its not surprising that TT is losing its entrenched base, as so many thousands of retail traders voted with their accounts at brokers that didn't have those fixed costs and fees, and as such, those firms lost their volume edge. Wasn't this something similar to what happened with Velocity Futures and quite a few others?
Can you help answer these questions from other members on NexusFi?
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 795 since Oct 2009
I read this thread again, and in the light of so many stable names, (at least that was the old impression) have burped and bellied up....
looking at a new broker relationship has suddenly become relevant.
one thing that I do not like about this referenced broker is their 888 phone number does not work.
massive red flag!!!
can anyone else attest as to their viability?
they evidently require $5,000 initial balance and ask that you stop trading at / below $2,000
they charge $25 to force a stop out on margin violation and that's reasonable and common..
they have some of the most attractive day trade margins...
they publically state they are for high volume traders and institutions and will tolerate retail accounts (as long as you don't get in their way or take too much time), ok, those are my impressions.....
anyone else can vouch for these guys?, they really seem like a very good deal (pm me)
I just called the 888-407-7918 and Howard answered. You must have misdialed.
Howard at DDT has been nothing but helpful and courteous, with very fast responses. He posts the all-inclusive commissions, has no recurring account fees, rates and margins are low, and has many data feeds/charting packages available. I recommend them. It's just too bad that their FCM (Crossland) is dropping TT.
TT FIX through a platform like SierraChart still provides one of if not the lowest trading cost trading feeds, which is also fast, unfiltered, and stable/reliable. I have not seen a better feed in terms of speed, stability, and cost.
Those who were using TT through Crossland, what are you switching to? I have stayed with DDT and switched to Rithmic, but may open another TT account with Amp for the lower TT routing fees/more reliable feed.
It works ok to figure out daily PnL through the Chart Trade Windows and sum them in your head, plus you get daily PnL statements. There is supposed to be a summary view in the Trade Stats for Charts tab of the Trade Orders and Positions window, but it has been problematic and Sierra has been trying to iron out the issues, which may be resolved now. Some of which are caused by the TT FIX adapter not supporting overnight reporting, and having to use an Order Fill Calculated Position setting in SC. Supposedly with TT on Amp, their FIX adapter supports overnight reporting, but I am still waiting for them to get back to me and confirm this, and they haven't been responsive for a few days.
yea, +1 for Howard. Been with him since Christmas-ish, no issues, prompt and professional on the communication too. Yesterday I had a datafeed issue, and Crossland (the FCM that DDT IB's for) was being a bit slow to get back to me - so I contacted Howard about it. Got the issue resolved within an hour!
I have been asking Howard Lender some questions about his company and I am a little stumped with the latest answer he provided. By the way, he has been very responsive and cordial. Couldn't ask for better responsiveness on his part.
With that said, I though I would appeal to some current customers to help explain in more detail questions I have about using Sierra Charts and getting access to historical data.
Howard wrote the following back to me:
To make sure we are on the same page here, historical data merely refers to being able to have access to intraday, daily and weekly data on futures contracts, correct?
It seems like the Rithmic and CTS are pretty self explanatory. However, his CQG response puzzled me. If I select the CQG option, then I am basically paying the .05 cents per contract and $10 month to simply have access to placing orders on the Sierra Charts platform? And then in order to get chart data and historical information I need to purchase additional data?