fastest CME retail trading API? - Beginners and Introductions | futures io social day trading
futures io futures trading


fastest CME retail trading API?
Updated: Views / Replies:2,831 / 26
Created: by LukePoga Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

fastest CME retail trading API?

  #11 (permalink)
Elite Member
Taipei, Taiwan
 
Futures Experience: Intermediate
Platform: Custom
Broker/Data: IB/IQFeed
Favorite Futures: HG
 
Posts: 29 since Jul 2014
Thanks: 19 given, 23 received

I have a dedicated server in Chicago, which has ping speed of 1ms to CTS T4 server. However, I don't know how long it takes for order to travel from CTS T4 server to CME Aurora. That's why Aurora hosting with direct market access seems to be the only sure way to break that 1 ms barrier which really feels more like 50 ms barrier when market is in extreme rush.

The one thing I understand about speed when starting out is that you can just assume that you will be the slowest one among all the people/machines running similar class of strategy. Those people who been in this market for a long time have had enough profit to upgrade to Aurora with direct market access long ago.

So the decision here isn't really speed because you don't want to pay to break the sub-1ms barrier. The decision then becomes cost. Who will be the least costly among the 1ms combinations for you to start out.

Why do you care about latency anyway? Do you want to be fast for order submission or cancellation? Do you care about latency in general, or do you care about latency only when the market is in a rush. Those two are actually different.

Reply With Quote
The following user says Thank You to oasisjoe for this post:
 
  #12 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Intermediate
Platform: Rithmic API
Favorite Futures: ES CL
 
Posts: 56 since Jan 2014
Thanks: 7 given, 17 received


oasisjoe View Post
I have a dedicated server in Chicago, which has ping speed of 1ms to CTS T4 server. However, I don't know how long it takes for order to travel from CTS T4 server to CME Aurora. That's why Aurora hosting with direct market access seems to be the only sure way to break that 1 ms barrier which really feels more like 50 ms barrier when market is in extreme rush.

The one thing I understand about speed when starting out is that you can just assume that you will be the slowest one among all the people/machines running similar class of strategy. Those people who been in this market for a long time have had enough profit to upgrade to Aurora with direct market access long ago.

So the decision here isn't really speed because you don't want to pay to break the sub-1ms barrier. The decision then becomes cost. Who will be the least costly among the 1ms combinations for you to start out.

Why do you care about latency anyway? Do you want to be fast for order submission or cancellation? Do you care about latency in general, or do you care about latency only when the market is in a rush. Those two are actually different.

Low latency gives more certainty so when modelling I will find more trade opportunities during a rush.

Why does your trade seem like 50ms? Latency to cts does not increase during events, it is internal to cts, either cts being slow to place your order, or it is market micro structure at the time (not sure if you mean limit or market orders)

so choosing your provider like Rithmic or CTS can be more important than your first hop. Unfortunately measuring how your provider handles events is tedius and empirical work.

Reply With Quote
The following user says Thank You to LukePoga for this post:
 
  #13 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Intermediate
Platform: Rithmic API
Favorite Futures: ES CL
 
Posts: 56 since Jan 2014
Thanks: 7 given, 17 received


Not sure if belongs here, but does Rithmic API provide MDP 3.0 raw from exchange? I would prefer this as it includes orders and i can build my order book accurately.

on another note i tried about 10 VPS providers, and i managed to find a $5/month linux server that is 0.460ms (0.23ms one way) RTT from Rithmic. fantastic! I might tell some people in private if they are interested.


Last edited by LukePoga; November 28th, 2017 at 05:00 PM.
Reply With Quote
 
  #14 (permalink)
Elite Member
charlotte nc
 
Futures Experience: Master
Platform: ninjatrader
Broker/Data: NinjaTrader
Favorite Futures: Emini (ES, YM, NQ, ect.)
 
Posts: 337 since Jan 2015
Thanks: 59 given, 709 received


LukePoga View Post
Not sure if belongs here, but does Rithmic API provide MDP 3.0 raw from exchange? I would prefer this as it includes orders and i can build my order book accurately.

on another note i tried about 10 VPS providers, and i managed to find a $5/month linux server that is 0.460ms (0.23ms one way) RTT from Rithmic. fantastic! I might tell some people in private if they are interested.

Hi Luke,

I would be very interested in hearing about it!

I would love to know which VPS providers you have tried / tested and get your take on which ones you liked.
I am in the process of setting up something that may be similar and would love to pick your brain.

Thanks

Ian

Reply With Quote
 
  #15 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Intermediate
Platform: Rithmic API
Favorite Futures: ES CL
 
Posts: 56 since Jan 2014
Thanks: 7 given, 17 received

Please dont msg me asking what provider. I wasnt using the live gateways for that test so its invalid (sorry i cant edit the post).

There is only 1 vps provider now for Aurora, theomne.

Reply With Quote
The following user says Thank You to LukePoga for this post:
 
  #16 (permalink)
Elite Member
charlotte nc
 
Futures Experience: Master
Platform: ninjatrader
Broker/Data: NinjaTrader
Favorite Futures: Emini (ES, YM, NQ, ect.)
 
Posts: 337 since Jan 2015
Thanks: 59 given, 709 received

Thanks Luke.

Reply With Quote
 
  #17 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,602 since Dec 2013
Thanks: 2,092 given, 4,494 received
Forum Reputation: Legendary


LukePoga View Post
There is only 1 vps provider now for Aurora, theomne.

Huh?

Reply With Quote
 
  #18 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Intermediate
Platform: Rithmic API
Favorite Futures: ES CL
 
Posts: 56 since Jan 2014
Thanks: 7 given, 17 received

sorry, if you use rithmic there is no point getting another VPS they are all as slow as chicago.

theomne has one on the rithmic LAN and its the only one worth using. these are the TCP 3-way handshakes (in ms)

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


there is a big overhead for VPS networking. a dedicated server would be much faster and 5 times as expensive.

Reply With Quote
 
  #19 (permalink)
Trading Apprentice
Deft ZH, Netherlands
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Emini ES, Crude CL
 
Posts: 6 since Apr 2018
Thanks: 2 given, 0 received

Do you happen to know if using Rithmic Diamond API gives noticeable improvement? They claim 250 microseconds round trips on their website.
Did anybody experience that? Of course it comes with the price, around 1000$ a month.
LukaPoga, you said using VPS as opposed to dedicated is slower. May I ask how much slower?
Additionally, do you see value in investing in 10GB port? Thank you.

Reply With Quote
 
  #20 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Intermediate
Platform: Rithmic API
Favorite Futures: ES CL
 
Posts: 56 since Jan 2014
Thanks: 7 given, 17 received


using a VPS is wrought with uncontrollable lags, the cpu has jitter. eg. a Thread.Sleep(1) wont sleep 1ms all the time. sometimes it will sleep for 19ms lol.

i havent been able to get a dedicated server with Rithmic yet to test it. even though my VPS RTT ping was as low as 350us, the tick delay was averaging 3-4ms. with 97% ticks received within <30ms. so it wouldnt make much difference if you are in the datacenter or in central chicago with this system. Rithmic have another system (not Diamond) that they set up for dedicated servers and that could be much faster but I havent tried it.

There is another company Rival Systems. not very well known or talked about online, but they market 12 microseconds. that could be an alternative if you have capital.


Last edited by LukePoga; April 12th, 2018 at 06:14 PM.
Reply With Quote
The following 2 users say Thank You to LukePoga for this post:

Reply



futures io > > > > fastest CME retail trading API?




Upcoming Webinars and Events (4:30PM ET unless noted)
 

Journal Challenge w/Earn2Trade and $599 in Prizes

November
 

Anthony Drager: TBA

Nov 29
 

Linda Raschke: TBA

Elite only
 

Peter Davies: TBA

Dec 6
 

Brannigan Barrett: TBA

Elite only
 

Cannon Trading: Ask Me Anything

Dec 13
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
GAIN Futures API / OEC API ..it seems interesting, anyone have thoughts? fivewhy Open E Cry 19 January 22nd, 2018 06:11 PM
information about the retail trading market tomozean Traders Hideout 1 February 11th, 2015 10:51 AM
CME Group Launches CME Direct Technology for Online Trading of Exchange Listed and OT kbit News and Current Events 4 December 26th, 2014 03:51 AM
Futures FIX API for retail trader s5804 Reviews of Brokers and Data Feeds 2 June 30th, 2013 06:22 AM
CME Group Adds Ethanol to Expanded CBOT Grain and Oilseed Trading Hours on CME Globex kbit News and Current Events 0 May 3rd, 2012 07:17 PM


Tags
account size, average, broker, brokers, cme, cts, cts t4, data feed, data provider, dedicated server, elite, es, fcm, futures, futures trading, hft, information, large account, order book, rithmic, strategy, trading, variable, vps

All times are GMT -4. The time now is 04:56 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-11-19 in 0.15 seconds with 14 queries on phoenix