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Date/Time: Fri, 29 Mar 2024 13:35:08 +0000



Post From: Announcement: Realistic Futures Trading Evaluator Service Now Available

[2019-02-02 20:45:53]
Sierra Chart Engineering - Posts: 104368
Basically we are pretty much ready to get it out in the coming days. It got delayed because there was a lot of work to process the TT Position data. Unnecessarily complicated.

They do not provide that data over FIX but they have a REST API for it.

There are some final details related to billing. The billing per contract is going to be done through us. But this also means that you no longer pay the order routing technology fees to your broker. It is going to be .10 USD a contract per side. Now if a broker is willing to be billed by us for the per contract fees and for Sierra Chart for your account that is fine as well. That capability exists as well.

At this point, whatever broker you want to use, we will need to get in contact them and work out the details of making sure your account is shared to our TT FIX connection so when Sierra Chart sends orders to it, they will not get rejected. We can get started on that now. Contact us through a Account Support ticket about that:
https://www.sierrachart.com/usercp.php?page=SupportTickets

And maybe we should not say anything now but we do have our application into the CME and we are going to become a direct CME vendor and this will allow us to provide better pricing for the data feed over time. Not right away but over time as we build up the number of users. And the reason for this, is that rather than our current vendor of record getting all of the money and we get nothing, we then get the money and also can use that to continue to invest in the technology and the exchange costs.

And this is why we want to concentrate our user base onto this solution rather than all of the others because we want to be able to get more income so we can provide more exchanges and on top of that you are going to get totally reliable service.

All of the nonsense that exist with other services goes away. We are going to continue to support CQG as well and this will also be a choice as well but this is going to be technically a better solution. There simply overtime will no longer be an incentive for us to continue to support Rithmic or CTS. We are not going to drop support for those, but as we said previously we are going to make it clear to the firm's not to put anyone onto those systems at some point in the future if they want to use Sierra Chart.

What is the point in someone paying .25USD to Rithmic or CTS per trade when we get nothing and we have to put up with all of the issues that make us look bad. It does not make any sense. Users will save money on this solution and have better service, and we have a little more income to continue to invest in it and add more exchanges. Like order routing in Europe to the EUREX through a TT server in Europe.

No longer are you going to have problems connecting. The connection will just work so long as your clearing firm has provided access to the trading account.

Now finally, everything we have said above is expectations and intentions. We want to be proven correct and we will see if we are proven correct. If we are proven correct, then great. If we are proven less than correct, then we will continue to work on improving this unified solution until we are proven fully correct and until it becomes compelling that there is no reason to be using anything else. At this point in time we are not here to be forcing anyone to use the solution or forcing any kind of change. We will work towards making it compelling through operational fact and make it clear it is the best choice. This is our intention. And we will continue to make all of the enhancements to make it the best choice.

Rather than spending time integrating to various services, our development time will be concentrated on one unified solution.

Now the other thing is why are we using TT in the background for order routing? Some firms and some platform providers do not have a good experience with TT. In part due to their patent and legal issues with them. We have never had a bad experience with TT. Whenever we have communicated with TT they are quite knowledgeable and helpful. They technically have exactly what we need at a reasonable price and they have already established relationships with a large number of clearing firms which gives us access to the customers of those firms, and it is that simple.

But that does not mean we cannot do something similar like this with CQG. We will see in time.
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:
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Date Time Of Last Edit: 2019-02-02 21:02:04