Support Board
Date/Time: Mon, 24 Feb 2025 01:26:31 +0000
Discount Trading (Rithmic) - Setup & Review
View Count: 2055
| [2021-04-09 22:31:00] |
| user_xyz - Posts: 446 |
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I spent some time researching alternate brokers from https://www.sierrachart.com/index.php?page=doc/OtherSitesLinks.php#Brokers. Based on that I chose Discount Trading. My experience with Meagan and the team over at Discount Trading (BTW I have zero affiliation) was really positive. Support, setup, install, and trading this past week was super smooth. I traded a few hundred contracts and it was flawless. Pros: They answer the phone, 20+ yrs in business, Ironbeam FCM, Multiple Order Routing Services, Very Low & Customizable Margins (https://www.discounttrading.com/margin.html), Low commissions, Excellent customer service, Fully functioning backend customer web portal (balances, trade, funds, etc). When discussing my trading needs, they mentioned a recent influx of SC customers, some having installation problems/questions around Rithmic. I mentioned I'd document the install, setup and experience here for others. Sierra Chart - Hopefully you don't mind, Important to me and assuming many others. I discussed your upcoming CME Direct Routing along with the recent TT/CQG issues. They were very interested in offering this and will be discussing at their next management meeting. I know much work needs to be done but it looks like you have an interested broker that is super easy to work with. Installation & Setup Notes: 1 - Setup account at Discount Trading in my case I'm using Rithmic for order routing & SC Denali Feed. 1a. No additional data fees at DT just commissions, exchange & Rithmic/Order routing fee per trade. 2 - DT will provide a username / password to access their Website, Firetip (real-time account info/trading), and Rithmic/rTrader. 2a. Download Rithmic/rTrader if you want to reset your password. 2b. It appears rTrader propagates password changes down to DT website & Firetip. 2c. If you change it on the website or Firetip it may not propogate up to rTrader then you will have to call support. 2d. The password you use for Rithmic/rTrader is the username/password combo you enter in Sierra Chart > Data/Trade Service. 3 - Install the Rithmic Bridge Files here Rithmic Bridge Files 4 - In Sierra Chart -> Global Settings -> Data/Trade Service Settings -> <Rithmic Trading> Set your server, username & password and you are done. 4a. SC auto-launches the DTC Rithmic Bridge app in the \Rim folder to make the connection. Cheers |
| [2022-06-04 19:24:58] |
| Tony - Posts: 549 |
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Thanks so much for your info, user_xyz. I wish I had read your post much earlier, I am glad that I don't need bridge files anymore as a Linux user. btw, does Discount Trading support Teton Routing now? If they do, does that mean I don't need Rithmic at all? Thanks again. |
| [2022-06-05 06:59:01] |
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This is an old thread. btw, does Discount Trading support Teton Routing now? If they do, does that mean I don't need Rithmic at all? Deep Discount Trading does support Teton routing through Ironbeam. Rithmic is not needed if you are just trading the CME Group of markets. 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: 2022-06-05 06:59:22
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| [2022-06-05 19:17:07] |
| User524013 - Posts: 5 |
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Deep Discount Trading does support Teton routing through Ironbeam. Rithmic is not needed if you are just trading the CME Group of markets.
Deep Discount Trading is a totally different broker than the Discount Trading with Meagan who told me 3 months ago "We are working on the Teton setup. I will let you know once we have an update." Still waiting, LOL. Thankfully I have an account with Stage 5 who has been fantastic with setting up Teton! |
| [2022-06-05 19:27:28] |
| Tony - Posts: 549 |
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Thanks User524013, I just noticed that they are different brokers too. One of things I like Discount Trading is that they treat Canadian customers exactly the same as US customers. Meagan is very helpful, hopefully they will figure out how to set up Teton soon.
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| [2022-06-06 14:34:04] |
| Tony - Posts: 549 |
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Unfortunately I got this message from Discount Trading: We offer CQG or Rithmic for SierraChart routing. We recommend Rithmic, it has no latency and ultra low margins. We do not recommend the Teton order routing at this time. If you use Teton there is no margin trading, you must maintain exchange required margin at all times. A bit disappointed, but I will stay with Discount Trading, since I need low margin. Date Time Of Last Edit: 2022-06-06 14:34:15
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| [2022-06-07 14:43:52] |
| Sierra_Chart Engineering - Posts: 18541 |
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If you use Teton there is no margin trading, you must maintain exchange required margin at all times. What they are really saying is that they do not want to support Teton order routing for unknown reasons. Teton has full risk controls based upon exchange specified margin, and percent of margin requirement, day margins, and also margin based upon a fixed currency value.It is very advanced. 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, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2022-06-08 17:08:10] |
| Stage 5 Trading - Posts: 155 |
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Hi Traders, Stage 5 fully understands and appreciates the trials and tribulations of changing brokerage firms. Which is why we take great pride in helping traders transition as seamlessly as possible. Personally, I believe the best solution is to switch to Sierra Teton Order Routing with Denali for real time and historical data. This is all maintained by Sierra directly, which I feel provides great benefits to traders as Sierra can focus on enhancements instead of maintenance of other third party order routing feeds. In addition, I feel it is the best overall quality and value for traders. You can open an account for as little as $100 and you will receive $0.20 per side commissions on the micros and $0.45 commissions on non micros plus exchange and regulatory fees. Please feel free to contact us and we will gladly assist you with any questions you may have and/or the process of transitioning your account and hopefully helping you improve your current trading solution. We would be able to provide some DOM chartbook layouts that will hopefully be more in line with what you are accustomed to. In addition, we would be more than happy to have a remote session to help get you setup with the new layouts. If you have questions or would like to speak to an assigned personal broker for details, please call us at 1-312-896-9897 or 1-800-258-6675. You can email us at sierrachart@s5trading.com and can also contact us here: https://stage5trading.com/contact/ If you are ready to move to the Teton Order Routing solution right away, we invite you to complete an application by clicking the blue button at the top of the https://stage5trading.com/ page that says Introducing Sierra Chart Teton Order Routing - Click Here to Open an account Thank you, Anthony Giacomin Stage 5 Trading Trading derivatives carries a high degree of risk, and may not be suitable for all investors. Past performance is not necessarily indicative of future results. |
| [2025-01-02 23:09:28] |
| Discount Admin - Posts: 1 |
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Discount Trading has been offering Teton routing for a long time. We fully recommend and support Sierra Chart over Teton. Sierra Chart with Teton is fully available at Discount Trading. See here for more info - https://www.discounttrading.com Discount Trading has been servicing futures traders since 1997 and we are always happy to help. Sierra Chart is compatible with our low margin and low commissions structure for futures trading. If you have any questions you can call us at 219-769-0366 or 800-747-1420 Thank you! Meagan @ Discount Trading Date Time Of Last Edit: 2025-01-02 23:10:55
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