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Direct MessagesDate/Time: Sat, 18 May 2024 07:25:05 +0000
Post From: OTC forex broker connectivity
| [2015-10-12 01:17:46] |
| Vizhouz - Posts: 6 |
|
It's not a popularity contest, especially in the OTC retail space lol
Yea, popularity itself isn't that much of a deciding factor whether a platform is good or not but it's important for a broker if he wants to satisfy as many of his customers as possible. First of all, the DTC Protocol is not our protocol. It is an effort initiated by us, but this is for the industry. It is a "neutral" protocol. It is not Sierra Chart specific.
You should not underestimate our ability to get this adopted. In our last most recent conversation with Oanda they are not completely opposed to the idea of supporting DTC, unless they are only being polite with us. We will talk with them again sometime in the spring of 2016. Their basic explanation is that there is not demand for it but they do regard it as a better technical solution. We guess their web-based API users, whether they are commercial software programs or not, find their web-based API acceptable. But is our position that the DTC Protocol is a much better designed protocol and really it is. Okay, thanks for your answer, that sounds good! Of course I didn't know that you stayed in contact with Oanda after the initial mails you posted here. My post was more what I thought about the whole thing and I just wanted to keep on discussing about it since I think available brokers are an important feature/selling point. Overall you obviously know way more about all of this and it's nice to get some insights. And we do not agree that there are other programs which are easier to integrate to at least with a proper reliable and quality integration for market data and trading. Just the opposite. To our knowledge there is no other charting or trading program that provides a protocol based network socket interface implemented in a proper, logical and efficient way for market data and trading, like Sierra Chart.
I realize this was a misconception by me. I thought it would be easier for a broker to integrate multicharts/nt/etc. since they already use the current "standards" and the broker wouldn't have to understand and use a new protocol. But since, from what I've read so far, there isn't really that one universal protocal it's different from what I initially thought and its more about understanding/learning one or another protocal and the DTC is better designed. So I understand why it would be beneficial for others to adapt it. We also want to make another thing very clear, there is 0% chance that support will ever be added for Oanda in Sierra Chart unless Oanda makes some effort to at least partially adopt the DTC Protocol.
This on the other hand doesn't sound that promising, because I would really like to see Oanda+Sierrachart, but we'll see. Thank for you insights! |