Support Board
Date/Time: Wed, 27 Nov 2024 21:34:22 +0000
Post From: Topstep Funded Account + Sierra Charts
| [2021-12-09 18:49:54] |
| SK819618 - Posts: 9 |
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2. Can you avoid paying this exchange fee through top step trader?:
I just received a response from Topstep and they stated: "When you are funded you will still need to pay for data from us because you will be trading a sub-account of our master account and would be considered a professional trader." So as of now, it seems if I want to use Denali Data Feed activated via Sierra Charts, I will be paying for both Rithmic CME data and Denali CME effectively paying for the exchange twice. I have submitted a request with Topstep to consider an option for their funded traders to pay a reduced fee for order routing only through Rithmic so that the trader can pay for the exchange and receive the data through another platform. Message to Topstep: Can submit a request to consider for future development?
Seeking a reduced price option to allow for order-routing only through Rithmic. This way we can still route our orders through Rithmic for the funded account, but the trader can use whichever charting platform and data subscription without paying exchange fees twice. Currently, it seems if we want to use Sierra Charts' Denali Data Feed: 1. Pay for CME data subscription + order-routing through Rithmic: Paid to Topstep ($105) 2. Pay for CME data subscription through Sierra Charts/Denali Data Feed Paid to Sierra Charts ($115) Proposed setup: 1. Pay for order-routing only through Rithmic Paid to Topstep at reduced cost. (<$105) 2. Pay for CME data subscription through Sierra Charts/Denali Data Feed Paid to Sierra Charts ($115) The benefit for the trader would be a data service that runs more optimally with Sierra Charts while still routing orders USING sierra charts connected to Rithmic. |