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Date/Time: Mon, 22 Oct 2018 09:09:57 +0000



Support for DAS Trader Pro FIX API

Support Request:
[2017-09-15 21:44:52]
jseppa - Posts: 5
Hi,

I was wondering if there were plans to include support Trading Service via DAS Trader Pro using their FIX API
https://dastrader.com/
http://www.dastrader.com/form-sub-das.html

This would be awesome if it was on the roadmap

Cheers,

Jason
[2017-09-18 06:49:12]
Sierra Chart Engineering - Posts: 65062
We have looked at this previously, but they are a service provider and the benefit of this, would be really limited to those brokers or other traders who use them.

So do you currently use them for routing orders and market data?

At some point we could support order routing through them but we would have to see a clear benefit and interested users would have to pay for part of the cost of that.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2017-12-31 05:20:06]
User963581 - Posts: 12
I trade stocks along with futures and have been using DAS Trader Pro for stocks. DAS Trader Data feed and especially Order routing add-on for Sierra Charts through their routes (I use Arca or Smart ) would be very beneficial for people who trade stocks like myself.

I would like to have DAS Trader Pro Api with Sierra Charts. Order entry via Trading Dom would be amazing.

I saw a lot of people have been looking for DOM for Das trader in other forums. ( Elitetrader-T2W ) Once they realize, most likely they will be Sierra Charts user too.

If there is a cost for this feature, I can share the cost .

If datafeed doesn't work, no problem. If we can run Sierra charts with other data source for datafeed, and routing orders via Das Pro, it would still be awesome.
Date Time Of Last Edit: 2017-12-31 07:19:04
[2017-12-31 21:46:12]
Sierra Chart Engineering - Posts: 65062
You use DAS Trader Pro for trading, but what broker do you go through? Or are you a member of the exchange?

We are trying to understand the details of this, so if we do this, we can then see how our customers or potential customers can benefit from this and utilize the order routing connection.

For example, we plan to add support for the Investors Exchange but just market data because if we have trading support, what use would it be being that we ourselves are not a broker and although they are used by brokers like Interactive Brokers, in that particular case the orders would have to be routed through Interactive Brokers own gateways which then send the orders to the Investors Exchange. Otherwise, Interactive Brokers cannot manage those orders, be aware of them, or provide the necessary risk management.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2017-12-31 21:48:32
[2017-12-31 23:42:37]
mad2mad - Posts: 1
I would like to use Das Pro Data feed and Order routing via Dom Screen with Sierra Charts. I hope it can be done .
[2018-01-01 00:50:56]
User963581 - Posts: 12
I dont know too much about the technical side of the process but will try to share my knowledge.

As you may know, Das Trader is a very popular direct access software and used/provided by a lot of Brokers.

I am just an end user/ trader/client and use das trader PRO provided by Centerpoint securities.(Broker)

The broker provides available routes ( their smart route, arca, edgx, etc.) for das trader pro.

Traders can choose any available routes at broker in das trader pro when placing an order. Traders can set one route as default and/or can change it while sending the orders. Stop orders require another route.

Every route has its own pricing. Some provides rebates while others don't. Arca route is a necessary one as it provides biggest rebate.

Market orders are easy but placing limit order is a painful process. Picking a desired price, adjusting size requires a lot of keyboard work (hotkeys or buttons, doesn't matter )

Trading via Dom is a must for das trader users. Datafeed for charts is important but not as much important as order routing/ sending.

Real benefit here is , trading via Dom Screen. This would make SC a necessary tool for Das trader users.

I would say, Order sending from Dom screen to das pro and broker should not be any different than sending orders to Interactive Brokers via SC Dom Screen.
[2018-01-03 18:53:42]
Sierra Chart Engineering - Posts: 65062

As you may know, Das Trader is a very popular direct access software and used/provided by a lot of Brokers.
No, we did not know that and it is good to know.

We will look into adding support for their API for order routing. But this is something longer-term. It is not something we can look at soon.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2018-01-03 18:57:47
[2018-01-03 21:32:41]
jseppa - Posts: 5
Just a note, In my experience, DAS Trader does not allow multiple connections at once for the same account.
So it's either the API connecting, or the USER connecting to the account, but not both.
I spoke to Speedtrader to see if I can get another user added, apparently it's against the exchanges policy.
So the API needs to support all order management functionality as once the API is connected, the USER is not.
[2018-01-04 00:30:41]
User963581 - Posts: 12
We will look into adding support for their API for order routing.

Great news, Thank you .

I hope FIX API will also supply data for the charts.
[2018-01-04 03:02:44]
Sierra Chart Engineering - Posts: 65062
Just a note, In my experience, DAS Trader does not allow multiple connections at once for the same account.
So it's either the API connecting, or the USER connecting to the account, but not both.
I spoke to Speedtrader to see if I can get another user added, apparently it's against the exchanges policy.
So the API needs to support all order management functionality as once the API is connected, the USER is not.
This is not a problem because we would use a centralized order routing connection where you would be able to maintain multiple connections to our server.


I hope FIX API will also supply data for the charts.
It is highly unlikely we would use their market data. It is not going to be cost-effective. We would require that you use the Sierra Chart Exchange Data Feed for data.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.

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