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Direct MessagesDate/Time: Sat, 27 Apr 2024 18:10:33 +0000
New Sierra Chart Futures Order Routing with Data Service (Available)
View Count: 19206
| [2019-03-19 00:00:24] |
| User269843 - Posts: 1 |
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So is Rithmic finished as a byproduct of this new configuration? It is a brilliant approach - but all of these firms that you sign up to get funded (TopStep, Earn 2 Trade, etc..) use Rithmic I'm currently funded with E2T - should I make preparations to migrate to a different platform? Please advise Thnx |
| [2019-03-20 23:17:28] |
| User76183 - Posts: 68 |
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Have you guys already negotiated with AMP about charging from Trading account,not from SC-account? I was interested in transferring to your routing sys, but AMP staff didn’t know anything about it!!! I’m talking about AMP with CQG Date Time Of Last Edit: 2019-03-20 23:18:36
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| [2019-03-21 00:59:45] |
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Post #49 response: As we reread your post #37, we want to know who would pay for the order flow and what the purpose would be? This is what puzzles us. Has there ever been any known case of something like this and what was the objective. If the question is somehow the order would be handled by a different clearing firm which is somehow trying to take advantage of it for an unknown reason, inherently that would make no sense because then the order does not even show up in your account. It would go to a different firm. So it would be incredibly obvious something has gone wrong with a single order. You would not even see the PL related to the order on your statement at the end of the day. So that raises an immediate question. If the question is about selling the order fill data to someone, who would care about that? Maybe it's good that we don't even have any knowledge about such a thing because honestly we do not. I appreciate that you guys have put this together for us and I am looking forward to getting on board with it. That's good to know.
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: 2019-03-21 01:00:08
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| [2019-03-21 01:02:46] |
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Post #50 response: Rithmic will always still be supported and for unknown reasons they can provide CME market data for those who do not have known funded trading accounts even though this is inconsistent with CME rules and the CME has told us the rules. And by the way they are the only ones who are doing this so that raises a question as to how they can accomplish this. CQG does not do this. TT does not do this. And CTS can only do this with Top Step Trader because Top Step Trader has an old agreement with the CME in this regard. And we are not going to be able to do this either once we become a CME vendor other than for Top step Trader since they have this old agreement with the CME. The rules are quite clear. So there really is not an alternative in the case of Earn 2 Trade. There will be in the case of Top Step Trader once we become a direct CME vendor which is still in progress. We heard today that the CME complimented us on our application. They thought it was well done. So that is nice to know. 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: 2019-03-21 01:32:09
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| [2019-03-21 01:04:00] |
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Have you guys already negotiated with AMP about charging from Trading account,not from SC-account? We have not yet contacted them about this because we want to wait until we have a new package that includes the data feed and the order routing in one. At that time we will have a more complete logical package offer to the different clearing firms. This is still going to be about 2 to 3 months away.
I was interested in transferring to your routing sys, but AMP staff didn’t know anything about it!!! I’m talking about AMP with CQG 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 |
| [2019-03-21 01:55:19] |
| User379468 - Posts: 508 |
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We have not yet contacted them about this because we want to wait until we have a new package that includes the data feed and the order routing in one. At that time we will have a more complete logical package offer to the different clearing firms. This is still going to be about 2 to 3 months away.
Consider including the Sierracharts direct account in the package offer, all billed from the trading account. Also consider if Amp will subsidize the price of the Sierracharts direct account in this package, considering they currently provide Sierrachart accounts. Both of these will make this option more attractive and practical for your users. |
| [2019-03-21 02:19:36] |
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Would it help if we implement automatic billing to a payment card? Why would you want to pay from your trading account? We just want to understand the reasons for this. Brokers really do not want to act as payment processors. There is a reason, why they do pay for Sierra Chart but that type of relationship has its problems as well. And the reason, has to do is they want you to maintain an account with them with money in it. We know that it has been said here, that in cases where there is someone trading someone else's account that the fees have to be deducted from that account so that is understood but in the case where you are trading your own account we want to understand why. We don't want to get involved in this subsidizing stuff. These relationships really are not good and we are cleaning these up. We are just going to offer good consistent low prices for everybody. 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: 2019-03-21 02:19:59
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| [2019-03-21 02:42:06] |
| User379468 - Posts: 508 |
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Other reasons include time, convenience, costs, and taxes/bottom line net profitability. Software package, datafeed, exchange data fees, routing fees, especially with high volume all add up to significant amounts. Deducting all together from trading account cleans it up for the user, is easy and efficient and time saving, and automatically consolidates expenses and reduces gross profits and tax burden on profits. Date Time Of Last Edit: 2019-03-21 03:26:47
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| [2019-03-21 02:56:45] |
| User19165 - Posts: 346 |
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Would it help if we implement automatic billing to a payment card?
I do not think its necessary (for me) to have Sierra fees taken out of my trading account. I would prefer just directly paying through my credit card rather than pre-loading credit into an account of yours. |
| [2019-03-21 03:03:41] |
| User76183 - Posts: 68 |
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So, as I understood correctly,now it’s too early to take SC’s routing sys. When everything will be done and 100% clear for us....
Date Time Of Last Edit: 2019-03-21 03:04:22
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| [2019-03-21 04:11:11] |
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It is not too early. It is ready and available. When we say is in its early stage, we are just talking about things like web-based trading not yet available, making available a single package that bundles the data. We have to finish with certification for spreads and options. But if it has what you need now, then we do recommend using it. It is fully operational and available and stable. The other upcoming item related to this is us setting up another server in the Aurora data center. 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: 2019-03-21 05:53:29
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| [2019-03-21 11:48:56] |
| User796776 - Posts: 95 |
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The Supported Data and Trading Services page (Sierra Chart / Trading Technologies Futures Order Routing Service) states: The service documented on this page is now available as of February 22, 2019. Although it has a limitation where trading of futures spreads and options has not yet been certified. Only outright futures have been certified. Certification for spreads and options is expected to be within a few weeks. It has been 4 weeks since this update, would you provide an update on the options certification progress? Thank you |
| [2019-03-21 21:17:03] |
| User379468 - Posts: 508 |
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1, One of the advantages of the competing services like CQG, CTS, etc is that they do have great mobile apps. Will there be such a good solution that works for a mobile app with alerts, charts, order execution, trades, orders, and positions view? 2. In case of issues with a trade, order, position, and with order routing, who will support these things/how? |
| [2019-03-22 02:23:57] |
| Kiwi - Posts: 374 |
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I trade some Fx but primarily HKFE based futures contracts so latency to the Hong Kong exchange is important to me. I'm looking at opening an account with AMP Futures (in addition to my current IB account). Currently my orders go from my PC through an Australian Internet Router over a direct link to Hong Kong to the IB Server in HK & thus to the exchange. Will the connection to the HK exchange via AMP/Sierra be as direct as that or do I need to add another 100-200ms for a loop through the US? If AMP/Sierra isn't direct from Aus --> HK, do you have any recommendations? Edit: just read the post saying APAC was a possible future only. Date Time Of Last Edit: 2019-03-22 04:30:51
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| [2019-03-22 09:03:48] |
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In regards to post #61, that has been moved to a lower priority because we have other higher priorities that we have to work on. We will get to it as soon as possible. 1, One of the advantages of the competing services like CQG, CTS, etc is that they do have great mobile apps. Will there be such a good solution that works for a mobile app with alerts, charts, order execution, trades, orders, and positions view? Yes this is being worked on. But it will be just trading only. No charts. Longer-term though we do expect something like that for charting though. But maybe not this year.2. In case of issues with a trade, order, position, and with order routing, who will support these things/how? 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: 2019-03-22 09:05:49
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| [2019-03-22 16:11:11] |
| archymede - Posts: 18 |
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Regarding post #56, Does that mean that all the fees would be taken from the Sierra Chart balance (exchange data fees, number of symbols requested and 0.1$ per side per contract) ? On the website it's written that there's a need of at least a balance of 25$ on the account to be able to use the routing service. Is this amount the minimum required at any time ? What happens if we, for example, forget to fund the account balance which has only 0.1$ remaining on it after x trades (0.1$ is enough to open a trade but not to close it...) ? I was planning to use this service that I really find great, but having to pay everything from the Sierra account, or even from a credit card, instead of from a trading account is making me thinking twice if not more for various reasons mentioned in the post #57 and the ones below: 1. Deducting the expenses will need more justifications to be fiscally accepted, 2. There might be a legal issue, at least in my european country, because if one wants to deduct these expenses, the fiscal services would then legally consider the transactions out of law. That because the act of funding the Sierra Chart account is considered as a purchase of direct services and therefore subject to VAT, which in such case wouldn't have been declared nor paid by the user. This can certainly mean extra expenses and a possible need to pay back the VAT (extra 20+% expenses, which wouldn't be the case if taken from a trading account). 3. Paying from a credit card or adding money to the Sierra chart account all the time leds, at least for me, to quite expensive fees due to currency conversions (3% per transaction at least) and so, here again, extra expenses that are unfortunately not welcomed since everything adds up very quickly. I understand that "brokers really do not want to act as payment processors" but isn't that already the case when using cqg, rithmic, cts just to mention a few ? I really wish that it would be the same as using competitors solutions where everything is directly paid from a trading account, or at least that we could monthly fund the Sierra chart account directly from a trading account so as to tackle those difficulties. Is there at least anything being considered regarding that ? |
| [2019-03-22 17:34:03] |
| Async - Posts: 24 |
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AMP is the worst, why people are so obsessed with them
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| [2019-03-22 17:38:32] |
| Async - Posts: 24 |
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Is it possible to have a headless version of SierraChart? It would be beneficial for deploying an auto trading on linux vps. I don't see why the 1ms latency from SC server to exchange is so important for click trading, since the most of latency (probably > 10ms) is from SC on user's computer to SC server.
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| [2019-03-22 17:51:53] |
| Async - Posts: 24 |
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Would there be options chains in the coming web platform? Thanks.
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| [2019-03-22 17:52:52] |
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In regards to post #67, regarding fees, can you tell us who your clearing firm is. And if you pay in euro using the Dalpay option you can avoid currency conversion and transaction fees. In regards to post #69 the closest that is available is: Disabling Sierra Chart User Interface to Eliminate Graphics Load 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 |
| [2019-03-22 18:33:17] |
| archymede - Posts: 18 |
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Regarding post #71, the clearing firm would be dorman. Thank you for mentioning dalpay, didn't notice it was there the last time I paid. I will still need to check the difference in rates compared to the ECB daily fixed one that are used by banks for confirmation. |
| [2019-03-27 20:59:21] |
| JanS - Posts: 46 |
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You write that with TT and this new routing service, we would get "Trouble-free and properly managed server-side bracket orders." If I submit a stop and a limit order for a position on CME Globex, then this incurs additional margin. I can only have one order at the exchange which is in the opposite direction of my current position that does not incur additional margin. A second order would. So does server-side here mean that these bracket orders would not be sent to the exchange unless the price triggers one of them? It may be a general question about server-side bracket orders, but it's in particular regarding your new order routing service where these are supposed to work really well. |
| [2019-03-28 10:39:48] |
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In response to post #65, you would be using CQG in this case if you go with AMP. Where the server is in that case we do not know. "Trouble-free and properly managed server-side bracket orders."
That statement is not in regards to margin.The way this works when using server-side bracket orders with this order routing service, is when the parent order fills both the target and stop orders are sent to the exchange at that time. And we are not sure how TT would do the margin or position calculations in that case. We could use the TT server-side OCO and we are contemplating that but it is not something we have implemented and we do not know what consequences there would be of using it. 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: 2019-03-28 10:40:25
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| [2019-03-28 20:32:52] |
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We have removed the requirement that there is at least a 25 USD balance when using the new SC order routing service to cover the cost of the fees, to be able to connect. If your balance is low or goes negative, you get an email notice to add more credit. If your Sierra Chart services balance goes negative we will contact you about that. So access to the service always be maintained. 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 |
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