Autospreaders

patrickrooney · Mar 16, 2019

Robert Morse said:
The Real Tick spreader is server side. I believe the TT one is cloud based. Unless I'm hosted in the CME data center with a FIX or direct iLink connection, I don't see how building anything that sits in my office can be faster.

Happy Turkey day sle...cheers
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It is not cloud-based and never had been. We leverage the cloud for databases and workspaces; not execution.

patrickrooney · Mar 16, 2019

dextor said:
>> You could use a combination of backoff and payup ticks.

@patrickrooney , I have in fact used payup ticks while using TT. I know this may not be the fault of the paid up ticks but when I attempted to close the trade, it reversed my positions. TT support came in and attempted a fix - remove the quote on 1 leg instead of 2. My spreads since then closed properly but after a while the problem returned. Out of frustration, I changed to T4. Maybe TT has fixed the issue, we don't really know until I go back using TT.

Now with T4, everytime I put a spreads trade, the bid ask spread seems to be a lot wider than a trade done in TT. One could debate that volatility, timing could have played a part, but as a person who keeps seeing this; it's down to either I am not setting up my spreads correctly, or that TT has some advantage over T4 - yet to verified this.

I cannot help but feel that building an autospreader on my own could be a better option. The interesting thing is I want to earn a profit and not waste time troubleshooting autospreader issues. See the catch 22. If you need to build one, you will need to spend time troubleshooting. Until I trade bigger accounts would building your own autospreader be the way to go - lower cost and to resolve problems and not deal with software companies making changes creating new problems.
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You might wish to look at our Convert Quote to Hedge parameter. We added this last year.
https://library.tradingtechnologies.com/trade/as-spread-configuration-order-execution.html#convert

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Autospreaders

patrickrooney

patrickrooney