A plea for NinjaTrader to pull essential decision-making information together
How can we tell from your "alternative data feeds post" which feeds also do order handling a la zenfire?
I'll tell you what I need from NT in this crisis: A chart that shows which FCM's and/or IB's that support which feeds and which order handling conduits and which also support the NT platform. I'm more or less committed to NT although if I have to use a separate platform to enter/manage orders a lot of the value of NT goes out the window for me.
I've spent the entire day researching all this and although a tad clearer about it, I'm still confused... why? because the information is confusing. Matt from Optimus touts Rithmic, but I see that NT says release 19 is required... so how has Optimus been using it for years? Others say how great IQFeed is, but it doesn't handle orders and Kinetick is better because it is essentially IQFeed but eliminates a layer of s/w at the API level... bunches of folks jumping from mirus to Amp, but personally I'm not crazy about the fact Amp acts as its own clearing house. I prefer separation of management when it comes to funds. Also Amp's recent past reputation is questionable and as far as I can tell the same guy runs both Amp Futures and Amp Clearing (Dan Culp). I see a post from Ray: "In this scenario, a user would connect to Kinetick for market data and establish a simultaneous connection to CQG. Two different physical connections to two different networks." but no indication of whether or not this occurs within NT or if one has to use a separate platform. Not the most helpful post. Then there is stuff to sort out about the costs of the feeds and whether or not one can get credits based on number of trades to cover the Kinetick feed costs... It is a very big and complex puzzle to sort out with zenfire gone and the FCM/IB world looking like a wolf in sheep's clothing (just check out the NFA fines reports in the link below... can't find many that appear in the least "clean").
I guess obfuscation helps the marketing effort, but I would really appreciate it if NT staff would pull the above together in a matrix/chart of some sort since they have access to all these components and presumably the details behind them. A few links to the regulatory databases would help too (like this: Case Information and BASIC Details Details]).
This is a time for NT to show leadership and help out a LOT of struggling customers... you can do this without sacrificing your valued neutrality by simply providing the information to help your customers make a considered choice.
The following 11 users say Thank You to Saroj for this post:
We have used Rithmic with NinjaTrader along with the new releases it comes up with.
It has been a solid partnership for many years and very stable one.
We use Vision as our clearing firm who is a member of the CME Group.
You can always reach our to us directly if something is misunderstood..don't overwhelm yourself.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Favorite Futures: ES Options, VX, ES, NQ, ZN, ZB, MJNK, SIL
Posts: 124 since Aug 2013
Thanks: 13 given,
If anyone is listening...
Hopefully this doesn't fall on deaf ears.
For a long time I traded exclusively with IB and TD/TOS. Getting into futures in the past year, I found these lacking in terms of speed of execution, fill, incomplete data etc. This is specifically why I opened an account with Mirus, after much research into RELIABLE and consistently performing brokers/providers. Prior to this debacle I don't think I could have found a negative word about them.
Fast forward to today, I cant think of any business situation I've been privy to that has been handled more poorly than this Zenfire self destruction. Mirus has utterly Camel-ed, sticking its head in the sand and hoping that no one notices. On the 30th/31st, it was all hours away from bliss supposedly. Now the phones go straight to voicemail, the boxes full of course, the emails unanswered, the few corporate emails that have been sent out are proven within hours to be false/incorrect, live chat offline, even their own Mirus Trader has been offline for a couple of days, this was supposed to be the backup to everything else.
Dorman seems to want to help, after contacting them today, but has so far not gotten back to me since 9am this morning. They said they would have a solution but that was unknown to them. Unfortunately due to where I live, Optimus is out of the question. I do have an AMP acct that was opened at the same time as Mirus, just never funded due to a number of negative press, combined with my own experience of poor service from them while opening the account and trying out a few platform demos. They didn't seem to have any time whatsoever for me, so that made up my mind to go with Mirus.
I'm a Multicharts user, and have been test driving a Sierra Chart demo and really like a few things about it. It seems that both of these will run on Rithmic.
So, my hope is that someone from Dorman will provide a reliable feed very shortly that supports both Multicharts and Sierra, then I'm a happy boy. If not, it's back to the drawing board.
The following 2 users say Thank You to Japhro for this post:
In Ray's defense, managing a fast network is not easy and Mirus may have gotten it wrong. When ZenFire started ( IIRC ) the networking was handled by 7 ticks. I don't know who handled their network after 7ticks was bought, but the 7ticks guys were pretty good.