 "Stale quotes" - Toonces | July 26, 2012 6:23 PM |
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I trade in extended hours a lot, so stale quotes are unacceptable. If I open up a level 2 quote box after hours, it's a pretty safe bet that there will be several quotes still there from before 4:00. They're definitely stale, the level one quotes often show a bid and ask several levels below/above what's on level 2.
A couple of other issues. Do not use the 'SWIPE' button as a smart order routing algorithm. The tech guys at Sterling cost me about $400 because they gave me bad info on how it works.
There are some other issues, like the extended hours charting not working right, and the inability to look backward at time and sales. If you trade only during regular market hours, it may work just fine. But it's definitely not for extended hours trading.
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 "All In all a good piece of software." - WhiteOut56 | September 23, 2010 12:31 AM |
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I want to comment on the one comment where the the user states the service is horrble. This couldn't be further from the truth. In fact I would say that sterling is really the only one that supports their software.
Software for the most part is solid. The only thing I can say is that their API is slightly slower than others, however it is a solid , very feature rich and this is a huge huge plus. They really are the only ones that truely support their API.
I'm very happy w sterling. |
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| "For high-volume API and automation it is great." - NazSpaz | April 14, 2009 2:27 PM |
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I have used Sterling for many years through Echotrade where it is private-labeled as 'ECHOpro' (and has some extra basket features not in the normal Sterling) when you run and install it. From what I know, Echotrade was the first big firm to use Sterling going back 7 or 8 years or something like that, the deal they made to bring Sterling on as a platform was they would run it all on Echo/Merrill Lynch servers and lines, which they still do if you use it through Echotrade.
After Sterling grew they added in their own Sterling-based execution servers and lines, and every other firm connects through those. From everything I have seen all the guys having issues with reliability and such are using the Sterling servers, using the Sterling-Echopro version through Echo servers has been solid as a rock for as long as I have been there so my review is based on that experience.
I am a remote trader with 90+% automation running a ton of shares per day through Sterling (Echo) and it is the best program for this I have used, and I have been around the block. When you ramp up to thousands of stocks the API does have its limitations on throughput which makes you have multiple logins and pay Sterling more money is the main downside, but even with this I have found it to be such a reliable and powerful platform I can definitely recommend it to other traders such as myself.
Some of what I do still is trading by hand, and Sterling is good at that so long as you take the time to set up all your defaults and hotkeys. The way it installs it takes 4-5 clicks to do anything, if you dig around the settings and set it up right you can make it trade about anything with a hotkey or 1-2 mouse clicks, I have never understood why they do not set it up like that when you first install, I think many guys would be happier not having to figure it all out - and some probably never do. I link a lot of windows together and am very happy with how quickly I can change between symbols just with a double-click in a Stock Watch or P&L window. Also the 'Basket Add-on' is a very useful and quick way to move a lot of stock quickly, I use that quite a bit.
Overall I'd say this software is best suited for guys running strategies with some form of automation involved, from light to moderately heavy volume. Even running some simple things using excel macros through the API work like a charm. I would say for anyone learning an API and developing a system it is by far the best way to go, I pound shares on the API all day and am very happy with how it does for me.
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| "I've seen much worse, works great !" - krazyanyway | March 12, 2009 1:58 PM |
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Compared to Prosper Pro, this is heaven. Of course, it depends on your trading style. But it's the best out there for what I do. |
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| "I wanted to like it." - Ed Zep | December 02, 2008 12:26 PM |
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I really wanted to like this software, it started out quite well a few years ago but has since turned to absolute crap. It could have something to do with Sterling growing too fast. Their quote servers simply cannot handle it and they seem to be not skilled enough as programmers to fix the system. It has been consistently bad for about a year now and especially bad this month. Trading with Sterling has proven very expensive in November. On every volume surge the quotes freeze, re-set and then come back on Level II without Time and Sales or charts. In order to see WTF is going on, you have to log off and back on and pray you can get a clean trade off.
It's really too bad. |
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