Support Board

Date/Time: Sat, 11 May 2024 08:21:07 +0000

Post From: Latency and how Orders are handled

[2017-02-28 02:53:45] Link To Thread - Link To Post [Go To First Post]
User150371 - Posts: 70
I am trying to understand exactly how certain orders are handled and how latency might affect trades taken in a fast moving market -- eg just after news releases. This chart : http://www.sierrachart.com/image.php?Image=1488248080288.png shows an OCO bracket order above and below the current price. The entry is a Stop order at 10t either above or below the current price, with attached Target of 10t and Stop Loss of 8t. The data provider is CQG (which has Server managed OCO and Bracket orders.) 1. Once I place this order, is there any further communication between my pc and the CQG gateway ? 2. Do the OCO Bracket Orders to Enter sit on the CQG server ? 3. Once the trade is initiated is any further communication required with my pc to place the Target and Stop Loss orders ? I have been considering using a VPS (a server located close to the Exchange), but if the answer to the above questions is "no", then I cannot see an advantage in this. 4. If I switch to Rithmic data, are any of the above orders handled differently ? Thank you.