Cool trader, 1. I don't believe so. 2. Depending on which clearing firm you use will determine as to weather they will allow for a block account setup. GL is a platform that is good for a trader that would like to trade every market. Hope this helps. Regards, Comp
this topic comes up from time to time. For most people the major difference in speed is going to come from how long it takes to set-up an order - rather than the speed that it gets to the exchange. Unless of course you're someone who wants to scalp the 25 cent spread on the e-mini - in which case you should probably be using some type of automated software. btw as far as GL is concerned - GL cover many exchanges but it is not very well set-up for fast order entry and set-up. Certainly can;t compare to IB's or Realticks order entry speed.
Take note, If you use a gme contoller through globex you can remove 8 key strokes from your order entry process. comp
Joe, I have a question. If I set up in an account in a clearing firm for CME's GL/Trade, can that account be used for trading on other exchanges? If not, that's a disadvantage. There are times when opportunities are in other markets. Thanks.
I picked up late in this discussion but do have a little knowledge to share on the subject GL cut a deal early on with the CME to make a CME SPECIFIC GUI they would roll out as GLOBEX TRADER When you get the $400 software from the CME that is what you are getting- GL access to CME only GL also sells its own GL Trade software which has slightly different features and allows you to trade multiple markets from the same screen connection setup wise- there is no more direct connection than GL globex trader...their servers sit within the CME and are connected directly to the matching system remarkably this does not mean they are the fastest, because their technology may distribute data differently I have used Trading Technologies for CME in the past- and have raced them side by side- and found with functionality in the equation TT beats the other machine every time (it all depends how you trade)