MattZ
Optimus Trading Group
Registered: Jan 2009
Posts: 26 |
08-30-12 02:05 AM
Quote from Tradethoven:
Currently I am researching and drafting up documents for a CTA.
I am looking on advice for brokerages. I use transact currently for my prop account and haven't had any problems. Although my trades are not high frequency, my holding time can be very short term depending on market speed (few seconds).
Seeing as I will obviously be trading a larger amount of contracts for multiple accounts, fills and execution will play more of a factor. I have seen youtube videos of transact vs zenfire and transact obviously lags a bit.
I am looking for insight from any CTA's out there. What broker/platform do you use? Do they offer a single DOM for all accounts?
I will use this thread for further questions as I know I will have more.
I would like you to consider our brokerage for CTA clearing. We use Rithmic (low latency+unfiltered data) as our backbone to fuel many platforms: Ninja, Multicharts, Sierra, etc
You will have access to each individual account you trade and at the same time have a control account for your entire account trading.
Our back office staff will help your customers with paperwork and
accommodating individuals needs: IRAs, LLCs, etc
Since some of your trades will be of short time span, we can offer drip order, time sensitive orders, and real time reporting categories (filtering open/closed/cancelled, etc)
In the event that your customers don't want to leave their FCM, we can open give up agreements with other firms. We have done so with RJO,IB,Straits,etc
Naturally, you can view,test and get a demo of anything you need before you make a switch.
I wish you well in the growth of your CTA, and hope you find a good solution for your trading needs.
Thank you.
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Matt
Optimus Trading Group
www.optimusfutures.com
www.tradersplatform.com
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