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Guys I am not speaking from experience here. So you should check anything I say.
But, are you saying that NinjaTrader doesn't support FIX? Because if it does, then why would Velocity need to know you are using NT. Just get FIX, plug it into NT, and be done with it. You can buy static dom credits from NT directly.
If looking for deep discount, and dont really care about the interface not being NinjaTrade(which is not that big of a deal)... you can look at Cunningham Commodities, LLC which can trade on CME, CBOT, NYMEX, ICE, EUREX LIFFE and KC. The minimun account opening is similar to IBKR, $10,000, and their commissions are lower, $1/RT. They match IBKR Margin at 50% for day trading. Just another alternative, even if not using NT7.
First post here in 2years nearly. Took much back and forth here. Here's my 2cents - had an account with howard at DDT (Howard is exceptional and you won't go wrong with him). However Vision matched my costs with the Rithmic NT engine so I went back to Vision (I really wanted Rithmic I guess)
Here was my break down on TT NT costs -
YM - 3.3RT (+0.10 per side TT royalty) = 3.5RT
TF - 3.3RT (+0.10 per side TT royalty) = 3.5RT
6E - 4.22RT (+0.10 per side TT royalty) = 4.42RT
ES - 3.3RT (+0.10 per side TT royalty) = 3.5RT
Since then the exchange fees have gone up 0.02cents
All this is equivalent to 0.50 per side + (exchange fees) + 0.10x2 TT royalty. At the end of the month you are supposed to get back TT fees from Crossland such that it becomes 0.05 per side (you get back 45 cents per side). The effective cost is then -
0.05 per side + exchange fees + 0.20 TT royalty. So for ES for example the net is -
0.10 + 2.32 + 0.20 = 2.62RT
I said you are "supposed to". I never did - and I stopped caring because I was already back to Vision (and you need to check RTrader - if you scalp - you are doing yourself a disservice if you don't - it is that good a platform). Minimal latency and fully hosted redundancy with Real time PNL...I made a short review on my blog..if some cares to check.
Also, just added a sample from my daily statements for cost so you can check for yourself -
In October when I moved to DDT, they were setting up Rithmic for NT, but it fell through, Rithmic NT have specific alliances and they refused to give one to Crossland and DDT. i spent weeks with Howard and Brian Hofferica (trading Applications manager at Crossland trying to sort it.
No go, so I was forced to move. because i do not scalp the extra cost reduction with either NT-TT or Rtrader is not such a deal breaker
Seems odd, please talk to Steven Silver at Vision. I was quoted no such thing. Even the base rate without any special accouunt size consideration is as is shown here