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Date/Time: Sat, 20 Apr 2024 07:46:18 +0000

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[User Discussion] - Clearing house and brokerage firm for futures

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[2021-08-20 18:36:57] #1 [Go To First Post]
User841161 - Posts: 196
Was wondering if you could recommend a clearing house / brokerage for Futures trading. I do plan on utilizing Sierra Charts spreadsheet trading and experimenting with auto trading. Also looking at most cost effective way to get the necessary data i need to do the trading and charting. I currently have a td ameritrade account, a Gain Futures account, and have had a Transact Futures account, but be willing to open an account with whomever would be the best option. Edit: I have read the recommendation on the following, looking for a pointer to a specific one if you have one: Introducing Brokers: ADM Investor Services Advantage Futures AMP Global Clearing Dorman Trading ED&F Man Capital Markets G. H. Financials Stage 5 Trading Wedbush AGN Futures (Any other futures clearing firm supporting Trading Technologies) Thanks

[2021-08-20 19:16:18] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
At this time we would recommend Advantage Futures. And they do have introducing brokers like Stage 5. 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

[2021-08-20 19:38:33] #3 [Go To First Post]
58LesPaul - Posts: 429
Could you give the reasons you recommend Advantage over the others? Thanks

[2021-08-20 20:11:41] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Well at this point it is safe to say that Advantage Futures will be the first firm to be supporting the new direct CME order routing. 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: 2021-08-20 20:11:50

[2021-08-20 20:35:12] #5 [Go To First Post]
58LesPaul - Posts: 429
Well at this point it is safe to say that Advantage Futures will be the first firm to be supporting the new direct CME order routing. When Advantage starts supporting the new CME order routing does that mean Stage 5 is included or will that be a separate occurrence?

[2021-08-20 20:40:57] #6 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
It will be supported with any introducing broker of Advantage. 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: 2021-08-20 20:41:05

[2021-11-19 19:33:34] #7 [Go To First Post]
User379468 - Posts: 508
What are the differences from the trader's perspective in going through an IB vs Advantage directly?

[2021-11-20 03:37:59] #8 [Go To First Post]
User920967 - Posts: 62
I'm not sure about going through an IB like stage5, however, Advantage Futures currently requires an intraday trading margin of $5,750.00 per ES contract. Safe to say this is extremely noncompetitive when compared to other serious clearing firms. If anyone has different information, i'd be happy to be corrected.

[2022-02-01 14:47:02] #10 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
In regards to post #7, our general understanding is the advantage of working through an Introducing Broker is that you have a better quality level of support rather than having an account direct with the clearing firm. In either case though your account still would be at the clearing firm. The introducing brokers do not hold any money. 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: 2022-02-01 14:47:28

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