Support Board
Support Board
Search Board
Control Panel
View My Posts / Threads
Direct MessagesDate/Time: Wed, 24 Apr 2024 15:22:54 +0000
Post From: Convenience vs mkt segment gtwy
| [2021-07-23 14:42:32] |
| User220914 - Posts: 239 |
|
While I appreciate what you said it is incorrect. if i am competing with other internet users and if you understand what "BATCH" sending means and RANDOMIZATION of ALL ORDERS in the convenience gateway then you would never have really stated what you did. ALL ORDERS IN THE CONVENIENCE GATEWAY are batched and randomized and DO NOT GET FIFO first in first out priority on the trade engine until they get to the MARKET SEGMENT GATEWAY! if this is not true then 1. the legal CME website is just plain lying and 2. all the professionals trading at prop firms via mouse click must have a reason for being on the MARKET SEGMENT GATEWAY. I will still use your service for execution once it is set up and running but make no mitake about it there is a FIFO time stamp to the NANO SECOND as far as the que and if my competition is other mouse clickers looking at the same charts then priority and speed is all that i have as an advantage. it is hilarious to me that so many people in the industry say well if you are mouse click trader then it doesnt matter. um.. whateve then why even try and have low latency to begin with? Maybe one day you will offer the market segment gateways in say the e mini or the nasdaq. that would be great. Many other services offer direct to the mkt segment gateway and MOST PROFESSINAL MOUSE CLICKING TRADERS USE the mkt segment gatteway to get that FIFO priority instead of a random batch send then time stamp. that is the main issue. I can buy before you and you might just get a better fill than me since it is randomly batched! now there are reasons for the hft that it is randomly batched but most don't understand the true arbs that are going on from the convenience to market segment gateway. obviously you guys seem to be set on the convenience gateway which is the only place to start so maybe down the road it could happen. I am still looking forward to using your execution services for a lot of reasons and mainly because you have always put out excellent products at very good prices and i applaud all of you for that. thanks |