Forums - How TT connected to CME?

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Posted by maxima120 on 03-20-10 11:09 PM:

How TT connected to CME?

From my experience different FCMs have different execution times (this is why I stay with RCG despite them having old version of XT)...

But I cant completely figure out how TT servers connects to CME for example. I know that FCMs own servers and run TT software on their infrastructure. But how these servers get market data?

I dont see TT in CME data vendors so must be FCMs somehow connect on their own...

Any ideas?

Posted by henderson on 03-22-10 10:30 PM:

Its actually very simple. Search cmegroup.com for developer resources. It is very comprehensive.

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Posted by maxima120 on 03-22-10 11:02 PM:

erm... the question was not what API or code is needed to connect TT server to CME.

My question is - what data vendor provides market data for TT servers own by FCMs.

Or are you saying there is nobody in the middle and all FCMs connected straight into CME?

But I (end-user) receive data from XT - arent those FCMs should be in CME licensed data vendors list then?

Posted by covered_call on 03-22-10 11:11 PM:

What is TTNET™?
TTNET is TT’s fully-managed hosting solution for FCMs, trading firms, banks and other institutions that prefer an outsourced solution. TTNET allows customers to easily distribute trading screens to traders around the world from TTNET hubs in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. Specially trained, highly qualified TT technicians handle all responsibilities of network administration, hardware configuration, infrastructure maintenance, data line management, upgrades, backups, security and user support. Leverage TT’s vast experience and efficient IT practices to achieve superior availability, security, and support…so you can focus on trading!

http://www.tradingtechnologies.com/ttnet.aspx

Maximum Speed, Unparalleled Redundancy and Disaster Recovery
TTNET™ delivers maximum uptime through fast, highly resilient and fully redundant connections to the world’s top futures exchanges through shared facilities in North America, Europe and the Asia-Pacific region. Built on a multi-gigabit fiber optic backbone, TTNET provides both datacenter failover and intrasite redundancy. TTNET utilizes a fully redundant cross connect architecture that leverages high capacity DWDM circuits in order to provide higher availability and performance. And hosting at a TTNET collocation center provides your algorithmic orders exceptionally fast access to the exchanges’ electronic matching engines.

Posted by maxima120 on 03-22-10 11:18 PM:

excellent thank you!

so FCMs buy software from TT, setup servers and host them in TTNET facilities... nice..

Now, how TTNET connects to CME. I understand the only connection available is FAST/FIX. Technically speaking.

But from corporative prospective - what legal entity receives CME market data on behalf of all FCMs using TTNET?

Thank you again

Posted by Jaywalker on 04-07-12 04:27 AM:

Looks like some FCMs run TT software on their own servers, while others use TT's TTNet infrastructure.

Anyone aware of FCMs/brokers offering platforms other than X_Trader on TT feed AND using TTNet?

I know Velocity do, but at the same time they don't deal with international customers

Posted by maxima120 on 04-07-12 02:21 PM:

Quote from Jaywalker:I know Velocity do, but at the same time they don't deal with international customers [/B]

what? are you in Iran or something?

anyway where are only few retail brokers who does TT. Call Global Futures and ask specific questions. I had most pleasant experience with them. Also 50c R/T comms are the best on the market.

Posted by jeb9999 on 04-09-12 08:05 PM:

Quote from maxima120:

what? are you in Iran or something?

anyway where are only few retail brokers who does TT. Call Global Futures and ask specific questions. I had most pleasant experience with them. Also 50c R/T comms are the best on the market.

Other than having more than $250K in your account how do you get $0.50 RT commissions with Global Futures ?

Posted by maxima120 on 04-09-12 10:03 PM:

ok. it was 0.50 R/T for 2 yrs at least. I had that comms... you should look faster.

I am sure if you call Michelle in person and be a little articulated about your trading you can get it now.

Posted by comintel on 04-10-12 01:32 AM:

Quote from Jaywalker:

Anyone aware of FCMs/brokers offering platforms other than X_Trader on TT feed AND using TTNet?

Deep Discount Trading has Ninja with TT
http://www.deepdiscounttrading.com/...gPlatforms.html

Posted by Jaywalker on 04-10-12 04:20 AM:

Quote from comintel:

Deep Discount Trading has Ninja with TT
http://www.deepdiscounttrading.com/...gPlatforms.html

I already checked with them - Crossland run TT software on their own servers.
Commissions for FIX 50c+15c per side. 15c is FIX part, which drops to 10c after 2000 RTs a month. I guess 50c can also be negotiated for high volumes.

Posted by Jaywalker on 04-10-12 04:28 AM:

Quote from comintel:

Deep Discount Trading has Ninja with TT
http://www.deepdiscounttrading.com/...gPlatforms.html

I already checked with them - Crossland run TT software on their own servers. Commisions for FIX are 50c+15c per side. 15c is FIX part which drops to 10c after 2000 RTs a month. I guess 50c can also be negotiated for higher volumes.

Posted by comintel on 04-10-12 05:02 AM:

Quote from Jaywalker:

I already checked with them - Crossland run TT software on their own servers. Commisions for FIX are 50c+15c per side. 15c is FIX part which drops to 10c after 2000 RTs a month. I guess 50c can also be negotiated for higher volumes.

That is very interesting.

How much of the TT software is hosted on Crossland's servers? Are orders still routed to TT for execution? If so, one might get most of the benefits.

Another possibility is E*Trade. They are listed on TT's site as using TT*Net.
https://www.tradingtechnologies.com/ttnet/customers/

Apparent they offer a white-label version of X_Trader that is called TT_Trader. It may be more limited but much cheaper or free.

Please post what you find out about all this.

Is another possibility to go with a CQG-connected broker? They have their own network also.

Posted by AK100 on 04-10-12 08:05 AM:

For many many retail traders if they rely on the speed of their orders hitting the exchange they probably don't have much of a strategy, or at least one that will last overtime.

Think about it, ALL of your profits should logically come from buying low and selling high (and vice-versa) and not from being 0.0001 second quicker to be filled.

I'm sure there are many on here that couldn't care less if it takes 0.1, 0.5, 1 second or even 5 seconds for their orders to hit the Exchange and I bet many of those have been around for years...

Posted by Jaywalker on 04-10-12 08:32 AM:

AK100, I see your point, but technologies advance and conditions change you know, many years ago people had to phone their broker to put an order, and not so many years ago what people saw in order books was pretty reliable, but now only a fraction of the orders cluttering the books live long enough to be executed. And nobody heard of HFT - it just did not exist. You can still make a living nowadays putting orders over phone (but what account size would this require?), but that does not mean that scalping is not valid way to trade.

Posted by comintel on 04-10-12 10:21 AM:

Quote from AK100:

For many many retail traders if they rely on the speed of their orders hitting the exchange they probably don't have much of a strategy, or at least one that will last overtime.

Think about it, ALL of your profits should logically come from buying low and selling high (and vice-versa) and not from being 0.0001 second quicker to be filled.

I'm sure there are many on here that couldn't care less if it takes 0.1, 0.5, 1 second or even 5 seconds for their orders to hit the Exchange and I bet many of those have been around for years...

It's not just the speed.

It's also the reliability and redundancy in the case of a major communication outage that might affect other brokers.

Also TT and CQG have the broadest set of international product listings.

Posted by AK100 on 04-10-12 10:55 AM:

Quote from Jaywalker:

But that does not mean that scalping is not valid way to trade.

Agree, it can be profitable. But for every successful scalper (with a minimum of 5 years of good profitability behind them) there are probably 999 that have broke even at best and lost at worst.

Good luck for those that try it but easier money to be made by position trading, a lot less hassle as well and probably less risk.

Posted by Kristi Mai on 05-04-12 03:37 AM:

Quote from Jaywalker:

Looks like some FCMs run TT software on their own servers, while others use TT's TTNet infrastructure.

Anyone aware of FCMs/brokers offering platforms other than X_Trader on TT feed AND using TTNet?

I know Velocity do, but at the same time they don't deal with international customers

Jaywalker,

We offer Sierra Charts and Ninja Trader with TT data Feed but on our own servers that we maintain ourselves. We have numerous international clients. May i ask what country you presently reside in?

Kristi Mai

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Velocity Futures, LLC
Houston-Chicago
1 800 490 9390
kmai@velocityfutures.com
http://www.velocityfutures.com/?s=db
Futures Magazine Top 50 Broker

Posted by Jaywalker on 05-04-12 11:47 AM:

Thanks Kristi, looks like I misread Dale's post on BMT about Velocity using or not using TTNet.

He also clarified that you don't deal with Australians and Canadians (and I'm an Australian resident).

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