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Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)
Apex Rithmic data feed does NOT come with level 2 data.
Your platform isn't streaming 2 data feeds for the same instrument. The account dropdown in your screenshot does not change data feeds, it is only the selection for where orders get placed, but that data is still from your Edge Clear account where you bought level 2. Try the same thing but disconnect from your broker and only be connected to Apex Rithmic.
Can you help answer these questions from other members on NexusFi?
It's not chart trader, these are two separate instances of the software with two separate connections. I'm confused. I don't see the DOM when logging into my Apex connection through RTrader. I don't see it when logging in through Ninja. But when I use Apex's Rithmic connection with Motivewave, I get the full DOM. I'm pretty sure I've had this since before I opened my EdgeClear account last month.
I log directly into Rithmic using Apex on the Motivewave startup screen:
When I do, I can see everything. My buddy started using Motivewave and also started seeing the full depth of market. I'm pretty sure he's never logged onto Motivewave with a personal account before (I don't even think he has a personal account). Even if he did, my Motivewave subscription only lets me connect to ONE datafeed at a time, so I have no idea how I could be connected to Apex and somehow pulling info from EdgeClear in the background. So it must be pulling it from Apex's Rithmic connection, no?
I don't know but have you tried placing a limit order on both your Apex and personal accounts? First on Apex first, and then on the personal account, at the same price. Would be very interest to hear if the personal one gets filled first
I was considering doing that. I'll buy a 25k eval tonight and compare the two. I'll try to screen capture and upload it to YouTube so I can share it here.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
The problem is, in a sim environment, you don't have a position in queue as you don't have a real order. Which is why your always at the back.
Probably unrealistic/not an easy task to expect the sim environment to estimate what your actual PIQ is. Would involve rebuilding the orderbook with your sim orders.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
Should have added, I think CME actually tells you what your position in queue is, (ie you don't have to calculate it yourself) which obviously doesn't work for sim orders.
Couldn't find anything in CME site confirming this but this TT site says...
TT supports position in queue, which is your individual queue position per order at each price level for the products you are trading. Position in queue is either provided by the exchange on their price feed or provided by TT as an estimate of your queue position.
TT supports the following exchanges that provide actual queue position at each price level on their price feed:
They definitely do. When I sit with a limit order with EdgeClear I can see myself moving up the queue as orders are pulled/stacked/filled.
Definitely. But if Apex were throwing us at the back, they should make it known, as it puts you anywhere from a slight disadvantage (trading NQ) to a huge one (scalping/taking small trades on bonds).
Something I just remembered, TopStep also uses Rithmic, and seems to offer the user a preferential placement in the queue. This is from their "Prohibited Conduct" section, "Taking advantage of the simulated environment to gain an edge in the Trading CombineŽ is not permitted. By way of example, slippage, preferential order in the que, market gaps, and high volume of trades within short periods of time are areas you are not permitted to take advantage of in the Trading CombineŽ."
But as far as I can tell, you are most certainly not being given a preferential position in the queue with Apex. It seems you're at the bottom. I will test and get back to you guys tonight or tomorrow.
well, this has also a special smell...
they are not charging for validation - but on the other hand, you have to open an account with them and trade profitable with your own money to qualify... so their main business is still being a cfd broker and not a prop firm.
