Support Board
Date/Time: Thu, 27 Feb 2025 19:32:06 +0000
Which broker is preferred for Sierra execution with Denali data?
View Count: 937
| [2021-07-26 18:08:56] |
| marcson909 - Posts: 3 |
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I'm trying to decide between Tradeovate and AMP Futures and have been reading through old posts regarding both. I want to chart and execute trades through Sierra Chart using Denali data for CME exchange futures. Which of those 2 brokers is preferred from a Sierra Chart point of view and what service do I specifically need to use through either. I'm assuming it's CQG but I want to double check. Thanks in advance.
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| [2021-07-26 19:26:13] |
| John - SC Support - Posts: 38246 |
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We do not make specific broker recommendations, therefore we will leave that to other users to comment on their thoughts of AMP versus Tradeovate. With AMP you could use either CQG or Rithmic for your order routing. With Tradeovate we are only aware of CQG as an option. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-07-26 19:34:27] |
| marcson909 - Posts: 3 |
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Okay I understand. I guess the answer i'm looking for then is whether CQG or Rithmic is preferred and also if there are any long-term concerns to using CQG or Rithmic with Sierra Chart for execution in the medium/long term. We will be discontinuing support for CME and EUREX data from CQG, most likely in September 2021. And that data must come from the Denali Exchange Data Feed. CQG can still be used for trading. But we will be providing a financial incentive, to move users off CQG, once our direct order routing service is out for CME and EUREX. Is it known whether Tradeovate or AMP will be able to use Sierra direct order routing in the future when it's available? I'm trying to set myself so that I don't have to make too many changes in the future in order to use Sierra Denali Feed & trading execution through Sierra. |
| [2021-07-26 20:11:20] |
| John - SC Support - Posts: 38246 |
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Definitely the preferred solution is to use our Sierra Chart Order Routing Service today and/or our upcoming CME Direct Order Routing Service when it is available. Between Rithmic and CQG, we do not have any specific comments. We just recommend using the Sierra Chart data feeds for data in order to ensure you do not have issues with the data. We do not know if AMP or Tradeovate will offer the Sierra Chart CME Direct Order Routing service or not. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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