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Minimizing slippage when scalping...
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Minimizing slippage when scalping...

  #1 (permalink)
Elite Member
Boston, MA
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Rithmic/IQFeed
Favorite Futures: ES, ZB, GC, 6E, CL
 
Silent warrior's Avatar
 
Posts: 41 since Feb 2015
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Minimizing slippage when scalping...

Any advice on obtaining the quickest fills, minimizing latency/slippage in the bond futures market?

Are all trading platforms similar in this regard?

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  #2 (permalink)
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  #3 (permalink)
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Silent warrior View Post
Any advice on obtaining the quickest fills, minimizing latency/slippage in the bond futures market?

Purchase a dedicated server co-located at Aurora next to the exchange and your broker.

Mike

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  #4 (permalink)
Elite Member
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Posts: 41 since Feb 2015
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Commercially-available platform/broker for futures (ES/ZB).

Thank you for your previous response Mike!

Does it make a big difference in minimizing slippage to have a dedicated server colocated at the exchange like you recommend? Any idea of how much does this would cost (ballpark)?

For a beginner like myself, what are the best (fastest) platform/broker to trade futures on (ZB/ES)? I have been reading that the combination of Interactive Brokers coupled with a NinjaTrader platform is ideal. Any thoughts on this or other suggestions?

Thanks!

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  #5 (permalink)
Site Administrator
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Silent warrior View Post
Thank you for your previous response Mike!

Does it make a big difference in minimizing slippage to have a dedicated server colocated at the exchange like you recommend? Any idea of how much does this would cost (ballpark)?

For a beginner like myself, what are the best (fastest) platform/broker to trade futures on (ZB/ES)? I have been reading that the combination of Interactive Brokers coupled with a NinjaTrader platform is ideal. Any thoughts on this or other suggestions?

Thanks!

Any discretionary retail customer using IB or NinjaTrader doesn't need a co-located server for latency or reduced slippage reasons. You might benefit from one if you want to remotely access your trading workspace from multiple locations (home, office) and/or your internet connection is unreliable (disconnects). But latency? No.

Cost of a VPS is around $60-80 a month, or dedicated co-lo you would need to buy the hardware ($3k) and then rent the rackspace (about $200/mo for 1U).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #6 (permalink)
Elite Member
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Futures Experience: Advanced
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Posts: 41 since Feb 2015
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Futures Broker/Platform/data feed decisions...

That's helpful Big Mike, thank you!

So... at first glance, it seems like the NinjaTrader platform/charting is more user-friendly and versatile.

However, it also seems that the IB "Smart routing" feature makes it a better (faster) choice to trade directly.

Finally, which data feed do I couple to either/both platform/s?

Hope you don't mind simplifying it down.

Thanks in advance!

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  #7 (permalink)
Always Learning
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Correct me if i am wrong but i don't think you need smart routing for the futures market its geared more towards the equities market where the product is traded on more than one exchange.

For data feed you can use Kinetick,IQFeed etc IB also provides data but i believe its not good enough if you are trading using a tick chart.

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  #8 (permalink)
Elite Member
Chicago, Il
 
Futures Experience: Master
Platform: NT, CQG, Bloomberg
Favorite Futures: US
 
Posts: 64 since Apr 2014
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Big Mike View Post
Any discretionary retail customer using IB or NinjaTrader doesn't need a co-located server for latency or reduced slippage reasons. You might benefit from one if you want to remotely access your trading workspace from multiple locations (home, office) and/or your internet connection is unreliable (disconnects). But latency? No.

Cost of a VPS is around $60-80 a month, or dedicated co-lo you would need to buy the hardware ($3k) and then rent the rackspace (about $200/mo for 1U).

Mike

I agree with what Mike says.

If you a scalping you should look into a VPS as it can be more reliable than your home or office PC and internet connection, which is important if you are running ATM strategies.

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  #9 (permalink)
Normal Wizard
Sydney, NSW, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader with Jigsaw DOM
Favorite Futures: CL, 6E, ES, Piano
 
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Posts: 194 since Nov 2014
Thanks: 164 given, 198 received

I trade with NT from Australia and I was pleasantly surprised by the response time going live, I didnt notice any latency. Usually if I connect to a US server playing games a get 200ms latency and I can notice it. In terms of slippage from size, you wont have any problems with treasuries because they are super liquid.

Understanding yourself is just as important as understanding markets.
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