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fastest CME retail trading API?
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fastest CME retail trading API?

  #1 (permalink)
Elite Member
Sydney Australia
 
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Favorite Futures: FX
 
Posts: 35 since Jan 2014
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fastest CME retail trading API?

Hi,

I am looking for a fast API. All I care about is receiving ticks and placing orders. so Tick to Trade latency is all that matters.

So far I have found

Rithmic,
CTS T4 API,
and i think TT
has some APIs but their website is very confusing.
RealTick API

I already tried a test Rithmic VPS in Aurora and pinging Rithmic's LAN IP was slow! 1-2ms within the DC. Whats up with that! I can get that 10 miles away.

are there any professionals on here using APIs? or any other APIs i have missed?


Last edited by LukePoga; November 27th, 2017 at 07:49 AM.
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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
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LukePoga View Post
Hi,

I am looking for a fast API. All I care about is receiving ticks and placing orders. so Tick to Trade latency is all that matters.

So far I have found

Rithmic,
CTS T4 API,
and i think TT
has some APIs but their website is very confusing.
RealTick API

I already tried a test Rithmic VPS in Aurora and pinging Rithmic's LAN IP was slow! 1-2ms within the DC. Whats up with that! I can get that 10 miles away.

are there any professionals on here using APIs? or any other APIs i have missed?

1-2Ms is slow? Go for the Diamond API, host your equipment in the CME Aurora center, and see if you can get subpar 1Ms.

I think for most API users 1-2 MS is very reasonable unless you have a frequency that exceeds most retail volumes.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; November 27th, 2017 at 11:04 AM.
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  #4 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
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If you really are that speed focused you should be looking at direct market access with a feed direct from the CME. Unfortunately thats both expensive, and you'll probably struggle to find a broker to back you unless you have a very large account size.

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  #5 (permalink)
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Posts: 35 since Jan 2014
Thanks: 4 given, 4 received


mattz View Post
1-2Ms is slow? Go for the Diamond API, host your equipment in the CME Aurora center, and see if you can get subpar 1Ms.

I think for most API users 1-2 MS is very reasonable unless you have a frequency that exceeds most retail volumes.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Matt, latency and transaction fees determines trade frequency. It is chicken and egg.

The higher the frequency the better one sleeps at night.

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  #6 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
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LukePoga View Post
Matt, latency and transaction fees determines trade frequency. It is chicken and egg.

The higher the frequency the better one sleeps at night.

I respect your experience, and you have the right to apply it the way you see fit with your capital.
However, my experience in building a method into a frequently traded program has been different with existing customers.

If you have a method that works and you believe that subpar 1M justifies the cost, then you should also consider a CME membership to reduce fees.

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #7 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,932 given, 2,781 received
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SMCJB View Post
If you really are that speed focused you should be looking at direct market access with a feed direct from the CME. Unfortunately thats both expensive, and you'll probably struggle to find a broker to back you unless you have a very large account size.

You are right.
Besides size, there is a specific onboarding process for the Direct CME feed, and one of them is proving that your script has limits written into it. Then, the risk side of the FCM has to approve these limits.
In my experience, it does take above average account size.


Matt Z
Optimus Futures

There is a substantial risk of loss in Futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #8 (permalink)
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I understand if one starts spending $2000USD a month, one is tempted to increase leverage. and we all know what happens then (*risk of ruin)

theres definitely good reasons to take a chill pill here.

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  #9 (permalink)
Market Wizard
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$2000 a month is nothing. Even software like TT will cost you about 1500, then you have membership and data fees on top of that. CME DMA Data Feed will cost considerably more. (Can't find it right now but think its $10k?)

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  #10 (permalink)
Elite Member
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Futures Experience: None
Platform: R | ApiPlus
Favorite Futures: FX
 
Posts: 35 since Jan 2014
Thanks: 4 given, 4 received


yeah. the 1ms boundary jumps from $200/m to $2000/m and then beyond probably $20K/month

i am not up at that level. although i can theoretically benefit, it puts too much pressure on me to perform.

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