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Date/Time: Sun, 16 Jan 2022 09:35:44 +0000



[Locked] - Teton Order Routing versus CQG

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[2021-12-29 15:29:22]
Sierra Chart Engineering - Posts: 99672
In this post we are going to show the differences between Sierra Chart and CQG order routing in regards to latency.

We will discuss other items later like OCO and bracket order management. And risk management which Teton is superior to CQG.



We tested order latency at Equinix in the Chicago Cermak data center where we expect CQG is located. Sierra Chart servers are in Aurora Illinois colocated with the CME.

The entry point for the CQG Web API is not in Aurora. That is clear based on ping times. They are not even in Aurora and yet they charge so much. And Sierra Chart is doing free order routing in Aurora.

These times below are microseconds and are the round-trip time for a new order (from submitting to getting an acknowledgment) using the CQG Web API:
15561
18838
7965
33974
7956

1000 µs needs to be deducted, to account for Internet network latency. There is quite a large variance here. That variance, could be due to the fact that we are routing the orders over the Internet to CQG but why would there be such a problem with the Internet connectivity within the data center?

In the case of Teton order routing, round-trip time is approximately 600 µs. That does not include Internet network latency. At best, CQG takes 11.5 times longer to get an order to the exchange, versus Teton. So let's round that off to 10 times. So 10 times longer. This should be a fair comparison.

There is no reason to be using CQG. You are paying $0.10 a fill and getting substandard routing and risk management.

We will be raising the price to use CQG to service package 12, at some point in 2022.
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:
https://www.sierrachart.com/index.php?page=doc/SierraChartDirectOrderRoutingService.php
Date Time Of Last Edit: 2021-12-29 17:00:47
[2021-12-29 17:01:46]
Sierra Chart Engineering - Posts: 99672
We have some inside information that CQG is colocated in Equinix CH1( Chicago Cermak data center). They are not in DC3 (Aurora DC where the CME Exchange matching computers are). They get CME routed from DC3 to Equinix CH1.

So CQG does not have direct routing in the Aurora Data Center where the CME is located. However, Teton order routing from Sierra Chart does have co-location with the CME, and we do not charge anything for it.
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:
https://www.sierrachart.com/index.php?page=doc/SierraChartDirectOrderRoutingService.php
Date Time Of Last Edit: 2022-01-01 17:02:02

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