Reuters Trader for Commodities

Discussion in 'Trading Software' started by Iceman14, Nov 13, 2007.

  1. Iceman14

    Iceman14

    Does anyone have any experience with Reuters live quote/news platform. I am aware that many of the professional commodities traders and many of the commercials use if for their quotes, charts, news, etc. Everything but order entry. Is this an expensive product -- is it feasible for the individual trader? Pros/cons?
     
  2. Try Metastock Quotecenter (formerly Bridge) with global commodities option. $135/month. Best deal out there for retail.
     
  3. I have BridgeStation and Kobra, both are Reuters products. I am a broker so I don't have to pay for them out of pocket, or else they would probably not be economical. As far as functionality, I have TradeStation (for backtesting) and have worked with several other platforms/data-providers and with the exceptions of a Bloomberg on your desk, the Reuters products are superior to many of the more retail oriented products on the market.

    How much are you expecting to pay? Reuters gives discounts for bulk purchases, and even with that my Bridge costs upwards of 1K a month (with almost every exchange you can think of), Kobra almost twice that, though it has a fantastic news feed...
     

  4. >Iceman14

    If you do try Quotecenter as mokwit suggests, and if you
    use tick charts in your trading, beware. The charting is
    called Athena and the tick charts miss ticks like crazy.
    Very undependable.
    They do have Metastock charting as an add on. Metastock
    is more accurate but the interface is poor and is cumbersome
    to use IMHO.
     
  5. Fair comment I am sure. I am not doing that kind of trading anymore so would not have noticed any issue with tick charts. When i did I used IB TWS hooked up to Sierrachart.