It's in the works...they need to install new servers that have X Trader 7 something or other on them.
i think i'll reword my question. does it matter which broker you use with X_Trader or not in respect of order filling. I understand that it is Globex software that matches orders and orders are routed via TT gateway. Does broker's equipment have any impact on order execution speeds. Thank you all.
yes your broker can make a difference in speed due to the quality of their IT staff, the number of traders you are sharing exchanges gateways with, etc.... The person that recommended looking at the audit trail to measure performance gave you good advice. the log will show two kinds of messages which you can use to measure performance. when you click to enter an order you will first see and ACCEPT message. This basically means that the TT gateway has received your order and is going to try to send it to the exchange. next you should get an OK message indicating that the exchange has received your order and everything is ok. (you might get REJECT if there is something wrong with your order) The people that gave you advice sayijng that latency (round trip time) is more important than bandwidth are correct in general, though the CME price feed is notoriously noisy so you'll need at least 1mb. the fastest most reliable method to trade through a broker's gateways is to get a direct line to them (not across the internet) second choice would be use something like radianz or yipes. the fastest way period is to set up your own TT gateway in your house and have a line directly to the CME but this is out of reach for most people trading from home but i don't like to make assumptions about people's resources. i hope that helps
Market Hacker you wrote second choice would be use something like radianz or yipes. Please explain what is radianz or yipes. I have no clue? Thank you. Dan
Thank you for your answer, much appreciated. Maybe you could PM me the best execution broker in your experience. Thanks again.
i'm sorry but i don't have any experience working with brokers over the internet. when i was trading seriously i had direct lines to the exchanges and was based in chicago. i'm sure if you ask around you'll get some info but it always pays to check stuff like this yourself by measuring the accept/ok times. once you know how to do that you can also monitor the performance and ensure that it doesn't degrade over time.
google them, their websites will explain better than i do... the first entry google returns for both "radianz" and "yipes" is the one you wnat.
Thank MH, I actually thought of that and did it, while waiting for your response. Just from the looks of the website it looks too expensive for a piker like me. When I step it up maybe then. Right now I believe I will by a good dual wan router and bond cable and dsl, not for speed so much, but redundant connection.