Support Board
Date/Time: Wed, 05 Mar 2025 01:35:12 +0000
Support of placing Hidden Orders TETON
View Count: 1379
| [2021-12-18 07:32:35] |
| User470294 - Posts: 8 |
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We are currently signed up with Teton service. We understand the new Teton system is supporting Iceberg order types which should allow us to send limit orders with 0 display quantity. How do we go about creating an order that does such using the DTC protocol? Our goal is to submit hidden limit orders through the DTC protocol. Thanks |
| [2021-12-18 15:06:50] |
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You cannot use a quantity of 0: Display quantity of an order to be shown in the order book at any given time.
The value of MaxShow must be a fixed number N between 1 and value in tag 38-OrderQty. If MaxShow is reduced (due to matches) to 0, then MaxShow is reset to the lesser of N or the number in tag 38-OrderQty remaining and the order reinstated at the bottom of the book. See also: Order Display Quantity. Not available for some: FX futures FX options CME Interest Rate Options In CME Eurodollar Futures products, the maximum display ratio is 1:60. Using DTC, you would use the DTC::s_SubmitNewSingleOrder::MaxShowQuantity field to specify this. 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 |
| [2021-12-19 05:46:32] |
| User470294 - Posts: 8 |
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So if I understand correctly, there is no way to submit a fully hidden limit order through Sierra Chart?
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| [2021-12-20 04:10:43] |
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The CME does not allow this. The quoted part in the post above, is from the CME.
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 |
| [2021-12-20 10:32:12] |
| User470294 - Posts: 8 |
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The quoted part above from CME is from their iLink 2 Documentation. As I understand, iLink 2 was to be fazed out as of March of 2021. Does sierra chart still use iLink 2? If so, is it planning to migrate to iLink 3 at some point? |
| [2021-12-20 13:23:10] |
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No that is not correct. iLink 2 refers to the Convenience Gateway. ILink 3 refers to the market segment gateway. Definitely no plans for iLink 3. It offers no benefits and only adds a lot of unnecessary complexity. And besides, you would not be able to use it anyway, if the clearing firm does not provide that type of iLink which they normally would not do. It is up to the clearing firm, what type of iLink is provided. In most cases it is iLink 2. 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 |
| [2022-01-12 07:43:56] |
| User155017 - Posts: 41 |
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I can see the MaxShowQuantity field in the in Google buffer encoding file for message SubmitNewSingleOrder, but not in the online documentation, https://www.dtcprotocol.org/index.php?page=doc/DTCMessages_OrderEntryModificationMessages.php#Messages-SUBMIT_NEW_SINGLE_ORDER. The documentation is not as updated as the GBP file? Is this field only supported by the great new service TETON? TT,IB and CQG all support Iceberg orders. For IB they can be easily submitted via the tws api, so I would tend to believe it should be quite easy to have them in SC as well, if there is a will to do it. For TT and CQG it may depend on the terms of the API usage agreement between these ISV and SC, but for markets for which TETON is, and probably will probably not be available, (asia,south america for example) iceberg orders support via SC is crucial to attract any professional trader. Synthetic icebergs are possible, but the latency of SC with TT and CQG would make then quite inefficient compared to native exchange iceberg orders. Some brokers actually prevent the use of icebergs because they sell the order flow .. https://futures.io/traders-hideout/42734-payment-order-flow.html, does SC also receive any kind of payment-order-flow ? Date Time Of Last Edit: 2022-01-12 07:46:28
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| [2022-01-12 15:07:03] |
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This field is only supported with the Teton order routing service. We cannot help with any other service and there will be no effort in this regard. We will update the documentation. does SC also receive any kind of payment-order-flow ? No. And when we have been asked this before, we are very puzzled by the question and do not understand what this is all about. And then we realized, that when it is asked in relation to the futures market, there is no such thing as selling order flow. This is not possible at all.
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: 2022-01-12 15:07:18
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