Support Board
Date/Time: Wed, 27 Nov 2024 15:35:51 +0000
Would I receive real-time market data & meet the necessary CME requirements in this case?
View Count: 600
| [2023-07-24 16:35:15] |
| marketorderer - Posts: 9 |
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I'm new to Sierra Chart and am leaning towards Ironbeam as my broker due to a few reasons that suit me. I plan to use the Denali feed and Teton order routing. I would like to paper trade and get comfortable with Sierra Chart for a few months in an environment that's as close to the 'real' thing as possible, hence wanting to ensure I get real time market data, not delayed. I'm a non-proffesional. Although to suit some financial needs for the moment... I would like to fund the account with as little as possible. I came across the page below which mentions that I should pick between Stage 5 or Edge Clear and fund the account with $100 to $200 USD in order to get the real-time market data under CME's requirements. Although my question whether Ironbeam would also work in this case? I know they're a popular broker plus they support Denali and Teton. I see they have no minimum amount to open an account. And I'd imagine the bare minimum of $100 (let's say $110 for a small cushion) would be ok? Easy Solution to CME Funded Trading Account Requirement Date Time Of Last Edit: 2023-07-24 16:40:29
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| [2023-07-24 19:41:54] |
| John - SC Support - Posts: 36315 |
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You would have to ask Ironbeam about whether a $100 deposit would be enough for them to setup an account and configure it to use the Teton Order Routing Service. If they are willing to setup the account, then that is great and once they have you setup, you would just need to connect to that account by following the instructions starting at Step #6 at the following link: Sierra Chart Teton Futures Order Routing: Setup Instructions You can then setup the Denali Exchange Data Feed for the CME Group data by following these instructions: Denali Exchange Data Feed: *Setup Instructions: CME/CBOT/NYMEX/COMEX Exchanges* While you are paper trading, we recommend using our Simulated Futures Trading Service. Refer to the following: Simulated Futures Trading Service Just be aware that if you do use that service, you will not be connected to your Ironbeam account, so you will have to ensure that you connect at least once a month to the Ironbeam account to verify your non-professional status to be able to continue to get the CME Data in real-time. Refer to the following instructions: Real-Time Exchange Data Feeds Available From Sierra Chart: Connecting Only Once a Month to Trading Account to Support CME Group Exchange Fees For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-07-28 19:20:24] |
| Ironbeam - Posts: 9 |
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Hello, Would you be using the Ironbeam account to place your trades? Or would the data be paired with a funded account from a company such as Apex/Topstep etc? Feel free to shoot me an email if you have more questions: brent.murphy@ironbeam.com Date Time Of Last Edit: 2023-07-28 19:36:37
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