Support Board
Date/Time: Wed, 27 Nov 2024 00:43:40 +0000
Post From: New Teton Order Routing Service for CME, CBOT, NYMEX, COMEX, FairX, upcoming EUREX
| [2021-12-13 15:13:02] |
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This service is also offered completely for free. No cost to the clearing firms and no cost to users. There are no transaction fees. 0.00 USD per fill. Why is it that we are not billing for order fills? And will we eventually start billing for order fills? We are not billing for order fills now, because we do not have any costs for order fills ourselves. We have full confidence in the service, and the release of it has gone very well with no issues. So we really want to make a point, that order routing does not have to cost anything and it can be done exceptionally reliably. We also want to really be helpful to brokers to adopt this service and eliminate the complexity of order fill billing and make it very easy for them to use. Therefore, we do want to eliminate the administrative burden of billing for order fills by not doing that. So we are saving both ourselves and brokers this administrative burden. We also want to put pressure on the competition and have this as a major order routing service draw business away from the others, obviously. We have full confidence that it will be and it has proven to this point to be everything we knew it would be, super reliable. We also want to show, that order routing is not expensive and is not a complex operation. With properly engineered software, running on a reliable network and hardware and operating system platform, order routing is a reliable smooth efficient operation which requires no intervention, and simplified monitoring. This is one reason we will not bill for order fills because we want to make the service very attractive to the brokers, and make it very easy to use. This project actually started at the beginning of this whole covid situation. We knew what was going on in the world (we will not elaborate on that here), and we knew it was very essential to work to get towards independence and not be dependent on anyone else. We will continue to maintain free order routing indefinitely. Historically Sierra Chart has never billed for order fills for trading through Sierra Chart, other than with our TT based order routing service since TT was billing us for fills. So being that we have not billed for fills in the past, other than in this one isolated case which was only a small percentage of the business, we are not missing out on any income, by not billing for fills. So there is not a need to bill for order fills, at least not now, and everyone has all of the advantages of Sierra Chart not billing for fills through Teton. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2022-03-11 19:15:57
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