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Learning2Trade
Registered: Dec 2010
Posts: 17 |
10-26-12 08:03 PM
Hi everybody, can anybody recommend a solid futures broker available to Canadians, specifically those living in British Columbia? I was interested in signing on with AMP but was told I could not do so. Looking for a broker that specializes in futures, is open to Canadians / BC'ers, and offers real-time tick data that I can hook up to NinjaTrader.
Thanks in advance for your replies!
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Kirkx
Registered: Nov 2010
Posts: 66 |
10-26-12 11:50 PM
I would try US futures brokers with a Canadian office first. The only drawback is that RTH margin limits won't be as low as with a US based account, due to Canadian regulations.
Interactive Brokers Canada
http://www.interactivebrokers.ca/en/main.php
RJ O'Brien Canada
http://www.rjobrien.ca/
RJO might be better to get free tick data, check if they support CTS T4 platform. With IB you would probably need to pay for DTN IQfeed, IB data is 100 ms snapshot, not tick. I don't really know how this would work with Ninja (I use SierraChart).
Here are two older threads you could also check. Just ignore references to MF Global Canada and PFG Best Canada, they have both gone belly up since then. RJO has high rankings in the US, they actually took over all Canadian PFG accounts. That's the beauty of Canadian regulatory framework, everything went smooth up here and in the US it's still a big mess.
http://www.elitetrader.com/vb/showt...=6&pagenumber=5
http://www.elitetrader.com/vb/showt...=6&pagenumber=2
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comintel
Registered: Jun 2008
Posts: 1119 |
10-27-12 05:38 AM
Quote from Kirkx:
I would try US futures brokers with a Canadian office first. The only drawback is that RTH margin limits won't be as low as with a US based account, due to Canadian regulations.
Interactive Brokers Canada
http://www.interactivebrokers.ca/en/main.php
RJ O'Brien Canada
http://www.rjobrien.ca/
RJO might be better to get free tick data, check if they support CTS T4 platform. With IB you would probably need to pay for DTN IQfeed, IB data is 100 ms snapshot, not tick. I don't really know how this would work with Ninja (I use SierraChart).
Here are two older threads you could also check. Just ignore references to MF Global Canada and PFG Best Canada, they have both gone belly up since then. RJO has high rankings in the US, they actually took over all Canadian PFG accounts. That's the beauty of Canadian regulatory framework, everything went smooth up here and in the US it's still a big mess.
http://www.elitetrader.com/vb/showt...=6&pagenumber=5
http://www.elitetrader.com/vb/showt...=6&pagenumber=2
This is definitely what you should do, so as to have the benefit of the Canadian insurance fund. This covers $1 million per account.
If you go directly to a U.S. broker, you will not have this insurance. If you go to the Canadian subsidiary of these U.S. brokers, you will.
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Learning2Trade
Registered: Dec 2010
Posts: 17 |
10-28-12 05:48 PM
Awesome, thanks for your replies. I am already with Interactive Brokers but you're right, their data is aggregated / not true "tick" data and in any case, I'm looking to find a broker that specializes in futures. I'll check those links out. Appreciate any other suggestions.
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