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comintel
Registered: Jun 2008
Posts: 1077 |
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.
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AK100
Registered: Nov 2004
Posts: 1019 |
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...
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Jaywalker
Registered: Apr 2012
Posts: 5 |
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.
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comintel
Registered: Jun 2008
Posts: 1077 |
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.
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AK100
Registered: Nov 2004
Posts: 1019 |
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.
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Kristi Mai
Velocity Futures
Registered: Jan 2009
Posts: 1 |
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
__________________
Kristi Mai
Broker
Velocity Futures, LLC
Houston-Chicago
1 800 490 9390
kmai@velocityfutures.com
http://www.velocityfutures.com/?s=db
Futures Magazine Top 50 Broker
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