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You'll probably need around 500k even at non-bank FCMs to order your own iLinks and a demo of your risk layer, even though CME exposes a lot more control to their clearing firms. There's not much convincing to do.
Also, OnixS's feed handler is significantly slower than advertised when you're consuming multiple channels, I think it wasn't designed with that in mind. It's OK for example if you're just trading CL against CL.
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
This is not my area of expertise but I did run algo using rithmic and am a little familiar with their set up. If you want low latency without getting a risk check from your broker, look for true DMA. No risk check or risk check done by the execution platform. Advantage futures will probably fit the bill. Rithmic can do what you want and the standard API is 250 us latency. If you pay up, Rithmic will work with you to get sub 50 us, risk check included. Reach out to Advantage and reach out to Rithmic. Rithmic offers hosting at $300 a mo, direct connect into their servers. The biggest sources of latency IMHO are going generally going to be 1) your algo 2) broker risk check.
Also consider TT as an option. They're already at 50 us for their standard API and sub 20 us for their TT prime offering. Risk check included I believe but double check...which I'm sure you will do. Good luck brah!