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Date/Time: Fri, 19 Apr 2024 22:12:06 +0000



Post From: TT order routing

[2019-09-21 10:15:00]
Sierra Chart Engineering - Posts: 104368
This will be the final post in this thread. The thread is now locked.

We are looking at an alternative to TT. We will continue to support TT, but we do have a new alternative that we are likely to be working with for order routing to the CME and ICE. And later EUREX. At a minimum we will be able to cut the order routing cost down to .05USD per contract per side. And this other alternative is very very reliable and solid from what we are told. And we should be able to get the latency down to under 100 µs from when the order is received to our server and it goes out to the exchange. This is 1/10 of a millisecond.

And if we are successful with this, then we will have finally established a very viable alternative to Rithmic, CQG, and CTS. We will beat all of them on cost and latency. Even TT as well.

Many of you use CQG but keep in mind, CQG is $25 a month (standard price through most firms for connectivity and historical data) and $0.10 a contract per side, and has connectivity and data lagging issues, and only provides historical data for current contracts. And only provides 10 levels of depth. And its symbology is not very good, and really poor in the area of spreads and we think options as well. You also do not have the ability to search for spreads and get an automatic listing. And does not have support for proper functioning server-side bracket orders.

And if this other solution works out, we would not ourselves be developing direct order routing to the CME. There would be no point in it.
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: 2019-09-24 17:05:57