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Date/Time: Thu, 28 Mar 2024 18:08:56 +0000



Post From: New Sierra Chart Futures Order Routing with Data Service (Available)

[2019-04-07 04:10:20]
Sierra Chart Engineering - Posts: 104368
1. No, there still is a very substantial cost. And this is one reason why we have said, that it is best that most users are concentrated on to this particular service with us receiving the payments for data feeds, and earning a little extra on order routing fees, so there is sufficient funds to pay for all of these market data connections. This is our longer-term intention. So we hope there will be progress made over time with with providing low latency market data from other exchanges.

2. None of the above. Do you really think clearing firms are going to put their reliance on us for risk management while at the same time using TT for order routing? Order routing and risk management is handled by TT with oversight continuously by clearing firms. They should not even put their reliance on TT either. They can get into trouble with that. While we do not have inside knowledge of how clearing firms operate with risk, we have heard enough to understand, that this is closely monitored by them.

While we certainly develop quality software, and do plan on releasing risk management functionality for live trading at some point, this is not how it works.


All margin checks are performed by TT. And most likely the clearing firm would just simply utilize order quantity and position checks and do no account balance check. The margin and account balance checks may just be manually monitored by the clearing firm.
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: 2019-04-08 04:57:01