Do you confirm me -- Global Futures traders on TT transactional billing (Penson GHCO) -- that as of tomorrow August 1 all the TT accounts will be closed and the traders forced to use another platform?
where did you hear this??? no info here. i bet it's just no new clients under transactional TT thanks:eek:
I knew of no further clients under transactional since last June; but I've just received an email about the above situation, too... Maybe my volume is not enought and Penson GHCo decided to trash TT low-volume accounts?...
I've received another email from the Office Manager, confirming that Penson GHCO will no longer be offering the X_TRADER on transactional billing basis. Am I the only one that will be transferred to the Strategy Runner lite platform?!... :eek:
I just got the email too, I am a low volume trader also, so I do wonder if that had something to do with it. Personally, I'm leaning more towards NinjaTrader, as I know nothing about Strategy Runner lite. Any software recommendations anyone?
I suspect GHCO makes a simple calculation: if you generate at least 30 rt per day consistently you are worth as a customer since it's the same thing that paying $600 on TT fees on 1 exchange ($1.00 per trade --> $600 rt monthly), otherwise you are discontinued...
After trading on TT feed , in terms of reliability and speed, it's difficult to accept SR on Pats as alternative @ Global Futures. I would suggest anyone to look for a TT feed on Ninja or SR platforms or... evaluate a broker that offers TT_Trader but probably the software at the current stage is not fully debugged...or simply Velocity Futures, apparently the only FCM that still offers the transactional billing on X_Trader 7. Now that we have a 7.4 platform fast and stable, they are forcing us to look elsewhere; simply they do not care as customers anymore.. that's all folks.
Yeah, I'm kinda pissed off, I stuck with GHCO and had many problems, then they finally added more servers last month. They are full of it to dump us now. Thanks Penson!