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Direct MessagesDate/Time: Sun, 28 Apr 2024 01:02:37 +0000
Latency and how Orders are handled
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| [2017-02-28 02:53:45] |
| User150371 - Posts: 70 |
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I am trying to understand exactly how certain orders are handled and how latency might affect trades taken in a fast moving market -- eg just after news releases. This chart : http://www.sierrachart.com/image.php?Image=1488248080288.png shows an OCO bracket order above and below the current price. The entry is a Stop order at 10t either above or below the current price, with attached Target of 10t and Stop Loss of 8t. The data provider is CQG (which has Server managed OCO and Bracket orders.) 1. Once I place this order, is there any further communication between my pc and the CQG gateway ? 2. Do the OCO Bracket Orders to Enter sit on the CQG server ? 3. Once the trade is initiated is any further communication required with my pc to place the Target and Stop Loss orders ? I have been considering using a VPS (a server located close to the Exchange), but if the answer to the above questions is "no", then I cannot see an advantage in this. 4. If I switch to Rithmic data, are any of the above orders handled differently ? Thank you. |
| [2017-02-28 04:19:34] |
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The data provider is CQG (which has Server managed OCO and Bracket orders.)
This is not correct. You are using Rithmic.1. Yes. 2. There are really three sets of OCO orders here. The top level OCO is not server-side because they both have Attached Orders. The child OCO orders will become server side once one of the parent orders fills. 3. Yes. 4. You are already using Rithmic. 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: 2017-02-28 04:20:19
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| [2017-02-28 04:52:35] |
| User150371 - Posts: 70 |
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To explain about the data --yes I have been trialing Rithmic for the past few weeks, but will be trying out CQG in March. Do the replies you gave above apply equally to both data feeds ? Thank you. |
| [2017-02-28 05:26:28] |
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In the case of the type of order that you are using, the answer is yes.
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 |
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