Support Board
Date/Time: Thu, 27 Feb 2025 14:55:32 +0000
Post From: Order Routing - Want To Avoid CQG - Rithmic Improved Integration?
| [2021-06-25 20:59:42] |
| John - SC Support - Posts: 38222 |
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The short answer is that you should go with Rithmic for right now, but even that has some drawbacks. Here is why: - The existing Sierra Chart Order Routing Service does support CME and EUREX, but it uses TT in the backend for the final connection to the exchange. TT charges a fee to the brokers for the connections, and in the case of EUREX there is apparently not enough business that the brokers feel they can absorb the cost, so they pass that cost back to the end-user (you). Which means that all the brokers we know of are charging $50 - $250 per month to users to use the Sierra Chart Order Routing Service for EUREX. - The new Sierra Chart CME Direct Order Routing will only be for the CME to start. We will then have to work on our interface to the EUREX, but that could take some time and we do not have a specific timeline yet as really have not looked into it deeply (we want to get the CME connection done and released first). - We have a current connectivity with Rithmic, but we have not been happy with it and we stopped technical support about a year ago. It does still work for some customers, but we will not deal with any issues associated with it. Rithmic has a new interface that they developed for us that we will be supporting, but Rithmic is currently doing "Beta" testing with it, so it is not yet available for general use. Hopefully in a few days, but it is not our decision, it is up to Rithmic and we do not have any more information. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |