Date/Time: Wed, 04 Oct 2023 09:10:53 +0000
Post From: New Teton Order Routing Service for CME, CBOT, NYMEX, COMEX, FairX, upcoming EUREX
Sierra Chart Engineering - Posts: 104368
We would also like to briefly explain why options trading is not supported. Handling orders for options carries a higher risk especially when a user is going short these options. Or if auto liquidation is enabled.
Margin data for outright futures and for spreads is obtained from the CMEGroup website (https://www.cmegroup.com/clearing/margins/outright-vol-scans.html) through simple CSV files. Therefore, there is no problem determining margin values for these types of products. It is straightforward.
In the case of options, last time we looked, there is not proper valid margin data available from the CME website, and when there are strategies involved, it gets even more complicated to determine margin requirement. Now as we understand there are systems available, to determine proper margin data for options and option strategies, but that is not something that Sierra Chart supports right now.
We designed a very good and very reliable order routing system. We want to keep it that way. We have full confidence in it. We are not doing anything which creates an unnecessary risk. We have analyzed all the risks and mitigated them. And we determined options is something that we should just not support at this time.
It shows a high degree of responsibility, care and attention to detail by not supporting futures options trading.
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:
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: 2021-12-25 17:53:52