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Direct MessagesDate/Time: Tue, 30 Apr 2024 11:24:20 +0000
Sierra Chart Futures Order Routing Service With Data
View Count: 1046
| [2020-02-08 10:39:00] |
| Futurestrader77 - Posts: 126 |
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I´ve some questions regarding this service (Sierra Chart / Trading Technologies Futures Order Routing Service) as I´m using TT already and had been using SC for a long time before. You are saying that: "This new order routing solution is meant to evolve over time to be the very best and lowest cost futures trading solution for the Sierra Chart user base." How can it be the lowest cost futures trading solution since you can´t use any data for charting coming from TT? This would mean to pay exchange fees twice. So the costs would be: TT: 50,-$/month CME Bundle: 20,-$/month (since 2020) Plus Denali or SC Data Feed Plus CME Bundle: 15,-$/month (again through SC) Same is true for any other Exchange you have to add. There is now another problem regarding Eurex. I was with Dorman and they now requiere you to pay the 250,-€/month ETI session fee for Eurex besides the fee for the exchange itself. This applies to Advantage Futures as well but they are trying to reduce the costs in the future when X_Trader isn´t being offered anymore. I asked Wedbush about TT but they didn´t want to offer it to retail traders at that time. Not sure about other clearing firms and about AMP (But I don´t want to go with them). In my opinion TT with SC would only make sense if you don´t have to pay the exchange fees twice and are able to trade at Eurex without having to pay for the ETI session. Besides that I´m sure the combination SC witch TT is great! What is your opinion or am I missing some point here? Date Time Of Last Edit: 2020-02-08 11:08:51
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| [2020-02-10 04:07:25] |
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When we say it is the lowest cost, it is consideration with the overall functionality provided, versus the other services. How can it be the lowest cost futures trading solution since you can´t use any data for charting coming from TT? This would mean to pay exchange fees twice. We are not saying or recommending you should be using any TT services directly. Sierra Chart is a full trading platform in of itself and does not require anything from TT. So in the vast majority of cases there are not exchange fees to pay twice. And besides, if you have to pay them twice that is due to exchange policy and is not relevant for our discussion. These policies need to change because in an era that we are in, where information is so readily available and users can have various sources for data to feed various analytical programs, to be charging end user fees for trader generated "data" when they are already profiting off of trading fees simply makes no sense. I was with Dorman and they now requiere you to pay the 250,-€/month ETI session fee for Eurex besides the fee for the exchange itself. First we have heard of this. We do not think you would have to pay this through AMP or Dorman if you are not using any TT market data. Certainly we have not heard of this through AMP.
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: 2020-02-10 04:08:49
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