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Date/Time: Wed, 15 May 2024 07:35:55 +0000

Post From: QUESTION about Sierra Chart Does Not Recommend CQG!and your new routing in the future

[2020-01-14 18:01:17] Link To Thread - Link To Post [Go To First Post]
User450179 - Posts: 105
They complicate things on purpose so there is a TRUE TIME difference for the customers of the CME that do 70 % of the volume which is HFT and they have TRUE DMA right to the messaging gateways for over 100k a year. But if you need to layer the book based on the orders resting on the convenience gate way for 2-3 milliseconds and since those orders were sent and have regsiterd at the CLOB then they are valid orders to the public book. This is what separates TRUE DMA HFT from non DMA convenience gateway. That is all the time they need to set up the book before those orders gett thru the convenience gateway. At that point they know the orders and set up the book to fill them advantageously and this of course is why the CME does this and make no mistake about it. THE CME could care less about retail having a level playing field. You are correct though that 99 % wont need it. interestingly enough though the lag the CME tells you could be an average or a median or even be for certain times throughout the day. Who knows the true latency is the cme and when thigns get really busy and HFT is purposefully jamming orders INTO THE convenience gateway to slow it down while setting up orders thru the messaging gateways to just COLLECT MONEY! or the spread. yeah the CME has serious problems that will not be fixed anytime soon that is for sure since they are SELF REGULATING to make money for shareholders. thanks for the fast response and I am looking forward to using the new service when you get going