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Direct MessagesDate/Time: Fri, 03 May 2024 07:24:06 +0000
LMAX: Proposed Change for CFD Order Quantities
View Count: 2306
| [2017-01-13 04:17:17] |
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LMAX uses fractional quantities for Forex pairs. Since Sierra Chart uses integers for order quantities, the only way in which a .1 quantity can be represented is by specifying it as an integer which would be 1. An order quantity of one is specified as 10. Therefore, order quantities in Sierra Chart for LMAX need to be multiplied by 10. This is also the case with CFDs which do not trade in fractions. We propose, that in the case of CFD symbols, that that you specify the integer quantity exactly as is which will be sent to LMAX with the order. So for example a quantity of 1 will be sent as 1 in the case of a CFD. The objective of this is to make trading CFDs easier because the quantities are easier to understand. We would like feedback about this proposed change. Whether you agree with it or disagree. The change has to be coordinated. We need to set a time to actually do the changeover and at that time there cannot be any working CFD orders over the weekend it is done. So these will need to be canceled by you before the changeover and if we see any CFD orders, we will not be able to do the change. 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 |
| [2017-01-13 08:27:14] |
| Entropy - Posts: 36 |
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I think this makes sense. I don't hold positions overnight so for me it's not an issue as far as that part of the changeover is concerned. We MUST be informed in advance though! Cheers, Fred |
| [2017-01-13 08:29:53] |
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Yes of course this will be communicated at least 2 to 3 weeks in advance.
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 |
| [2017-01-27 00:55:42] |
| AndyL - Posts: 119 |
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It certainly makes sense. Entering 10 in Sierra and actually getting 1 contract is a bit odd. Although i dont think its a big deal either way, as long as it is clearly documented.
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| [2017-01-27 04:15:41] |
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Another user told us that there can be a partial fill of 1 lot CFD trading on LMAX. For example .8 . Is that possible?
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 |
| [2017-01-27 05:05:11] |
| AndyL - Posts: 119 |
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Its not entirely true, because if you look at the lmax contract specs all commodity contracts are defined as "spot fx" and not CFDs. They also follow the fx symbol nameing convention (for example the Crude oil contract is symbol XTI/USD). Those can have fractioal fills just like currencies. I suppose the user is refering to those. Only equity index contracts are defined as CFDs and can not have fractional fills (and dont have fx-style symbol names). See: https://mtf.lmax.com/membership/document-library So maybe just move the commodities in the "find symbol" dialog into the Forex section, and only do the changes for indices? |
| [2017-01-30 00:12:23] |
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Yes we can do the change only for indices.
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 |
| [2017-02-18 11:00:38] |
| sierra28 - Posts: 120 |
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Hello support team, When will you release please ? thanks |
| [2017-02-18 22:04:15] |
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Will be sometime within the next two months.
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 |
| [2017-05-25 10:27:09] |
| sierra28 - Posts: 120 |
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hello Support, Some news ? thanks |
| [2017-05-29 18:08:08] |
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We have not done this yet. We have not had time to concentrate on this yet. We can do it soon, but it is very treacherous to get involved with and could have serious consequences if someone does not know the change has taken place. We will get plenty of notice, at least 30 days, but inevitably someone is probably not going to pay attention to the notice. So it is easiest for us to do nothing rather than to change this. This is the reason why it has not happened. So at this point, it is still under contemplation with no definite change planned. 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 |
| [2017-05-29 18:27:43] |
| sierra28 - Posts: 120 |
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OK, a message through Sierra on connection 'd probably be the best solution to inform lmax users. Thanks for your feedback |
| [2017-05-29 18:41:31] |
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Yes that is what we would do, but there are going to be those who ignore it anyway.
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 |
| [2017-07-03 04:22:12] |
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We have contemplated this some more, and it is good that no changes have been made. In general, since LMAX supports .1 quantities, and the fact that Sierra Chart only supports integers for quantities which is a very solid method to handle quantities, it makes sense that universally across all symbols, that a quantity of 10 equals 1 and 1 equals .1. As an outside service provider for LMAX, if we start trying to handle this differently for certain groups of symbols, over a long period of time we could make a mistake and mishandle a quantity. And some users are going to get confused by the change. So we are not planning any changes. And if we changed it, it inevitably is going to have consequences. Instead what we will do is add a multiplier/divisor which can be set on an individual chart to multiply an entered quantity by this multiplier. For example if this multiplier set to 10, when you enter a quantity of 1, then it becomes an actual quantity of 10. An individual user can set this on a chart, and start using 1 for CFD's. We do not know how soon we can get to this, but it is something we expect to finish before the end of the year. 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: 2017-07-03 04:24:48
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