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Date/Time: Thu, 28 Mar 2024 22:43:33 +0000



Confused, multiple questions inside regarding Package/denali

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[2020-09-11 16:40:44]
Jessome - Posts: 8
Bear with me, I am currently using Interactive Brokers as my broker. I am a novice futures trader looking for an all in one package (data/charting/dom) etc.

My plan is to use Sierra chart + denali feed and execute my trades off the Interactive Brokers chart. Is this viable?

Would my total price be:

Package 5 (36 USD)
Denali Feed (20 USD)
Non-professional CME + depth (~10 USD)

After that, would I be required to do that thing where I have to disconnect/reconnect once a month to maintain non-professional status?

Am I missing anything I would have to do. Thanks for your help in advance
[2020-09-11 17:21:33]
John - SC Support - Posts: 30444
You have the information generally correct and your prices are correct.

The only thing is in relation to needing to connect once a month. You only need to do this if you are not staying connected to Interactive Brokers. There is no reason for you not to stay connected to them throughout the month, even if you are not trading directly from Sierra Chart to Interactive Brokers (which you can).

If you have not already read it, refer to the information on connecting to Interactive Brokers with Sierra Chart at the following link, which also includes the Setup Instructions:
Interactive Brokers Trading Service
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2020-09-11 18:04:42]
Jessome - Posts: 8
Would I have to sign up for the routing service if I were to trade from SC? Or just having TWS open would allow it from granting API access

Also for the agreements I have to sign in my account management: Exchange Agreements - Uniform Subscriber Agreement

I am assuming the Trading account # would be my margin account number and the clearing firm would be Interactive brokers

Apologies again for novice questions, I know you guys are busy.
[2020-09-11 18:11:53]
John - SC Support - Posts: 30444
Signing up for the Order Routing Service is a "where you trade" decision. If you are going to trade through IB, then follow the Setup Instructions on the page linked above, and do not sign up for the SC Order Routing. If you want to use the SC Order Routing instead of IB, then you would go down that path.

If you are trading through IB, then as per the Setup Instructions, you will need the TWS software running for Sierra Chart to connect to it and route the trades.

In order to get the Denali Exchange Data Feed, you will need to sign both the Uniform Subscriber Agreement in which you enter the Clearing Firm as Interactive Brokers and enter your Account Number with them (do not worry about the Sales Person, you can leave that blank). You will also need to sign the CME Non-Professional Certification in which you will select Yes, that you are a Non-Professional.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2020-09-11 18:31:50]
Jessome - Posts: 8
That's great. Makes total sense now John. I appreciate your time.

Have a good day/evening

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