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Which IB/FCM for new user?

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[2021-06-04 00:06:14] #1 [Go To First Post]
skellington - Posts: 14
Hi, I've done my research in the documentation and for my situation (want to trade ES exclusively for now, US citizen located in US) I'm looking for the best integration of Sierra Chart with data/IB/FCM/order-routing and based on what I've read the preferred path by SC is: [PLATFORM] Sierra Chart service package 12 (SC advanced + MBO + Denali data) [$56.00/mo] [ROUTING] SC Futures Order Routing Service w/ Data [$0.10 per contract per side] [DATA] Denali - Full CME Group w/ market depth for non-pros [$31.20/mo] But I'm stuck on the IB/FCM part. To use the SCFutures Order Routing Service w/ Data, SC recommends the following IBs/FCMs: Advantage Futures Dorman Trading ED&F Man Capital Markets Stage 5 Trading Phillip Capital Edge Clear AGN Futures Trade Pro Futures (www.tradeprofutures.com) (Any other futures clearing firm supporting Trading Technologies) Is there a preferred choice from the above list based on order speed (if there is any impact), trade report quality, customer service, reliability, low margins, low cost, etc.? I'm guessing that SC wants to stay somewhat neutral to IBs/FCMs, but there must be informed opinions available based on years of experience with the above. Did I forget anything in the selection of platform, routing, data? Are all costs accounted for? Thanks!

[2021-06-04 03:03:34] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Regarding what Sierra Chart Service Package to use, you can use either 10 or 11. You only need package 12 if you require market by order data. Regarding the clearing firm, we would recommend Advantage futures. You do have all of the costs correct. 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

[2021-06-04 04:44:39] #3 [Go To First Post]
skellington - Posts: 14
Thanks! I will get in touch with Advantage Futures. A few follow up questions: -- I need "CME data w/ market depth for non-pros" to get the normal LEVEL II information in the DOM, but MBO data is a feature of service package 12? So there is nothing else extra needed for MBO other then SP-12? -- Since I only want ES/MES (MES = ET?) for now, I can use the "CME with Market Depth for nonprofessional Trading accounts" for $10.40/mo instead of "Full CME Group w/ market depth...". Correct? -- Is there a separate web/phone-app way to manage orders through Sierra Chart? Or should I ask the IB/FCM about this? I just want multiple ways to flatten my positions if there are any technical issues. Thanks again!

[2021-06-04 04:55:07] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
-- I need "CME data w/ market depth for non-pros" to get the normal LEVEL II information in the DOM, but MBO data is a feature of service package 12? So there is nothing else extra needed for MBO other then SP-12? Yes this is correct. -- Since I only want ES/MES (MES = ET?) for now, I can use the "CME with Market Depth for nonprofessional Trading accounts" for $10.40/mo instead of "Full CME Group w/ market depth...". Correct? Yes this is correct. -- Is there a separate web/phone-app way to manage orders through Sierra Chart? Or should I ask the IB/FCM about this? I just want multiple ways to flatten my positions if there are any technical issues. This is available. If using the Sierra Chart Order Routing Service, then refer to: https://www.sierrachart.com/index.php?page=doc/SierraChartOrderRoutingServiceWithData.php#WebBasedTradingPanel 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

[2021-06-04 05:16:42] #5 [Go To First Post]
skellington - Posts: 14
Last question I think, When I contact Advantage Futures (or any other IB/FCM), do I need to tell them not to charge me for data and order-routing? Or will they automatically know what to do if I say I want Sierra Chart and Sierra Denali-data and Sierra order-routing and I want Advantage Futures to just do clearing? Thanks again!

[2021-06-04 16:53:12] #6 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
do I need to tell them not to charge me for data and order-routing? Yes. You would need to fill out this form: https://www.sierrachart.com/UserControlPanel.php?page=SCOrderRoutingServiceTradingAccountAssignmentRequestForm 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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