Yes, Continuum by CQG has POP's around the globe. On connection, you should be automatically routed to the server with the lowest latency. If this is not the case, please email firstname.lastname@example.org.
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This is a good question and one that has been asked several times in various forms throughout this thread. I invite you to listen to the webinar I presented here on July 2nd where I respond to this question in detail, my response below is a high level summary of what I discussed. In short, there are many business reasons that come into play and you must consider them as a whole versus individually.
The futures industry has been hit with the collapse of MF Global and PFGBEST.com, increased CME data fees and recent negative news such as the significant NFA complaints against several brokerage firms. This has paved the way for consolidation that is already underway and will result in a different brokerage landscape where FCM’s with proprietary technology will compete directly for clients and will reduce their reliance on introducing brokers. It is important that NinjaTrader remain relevant and competitive in order to continue to deliver the world class experience that our clients expect, we needed to shift our business model to align with the forthcoming changes in the industry.
We believe that extending the NinjaTrader platform from the desktop to the cloud and shifting features such as ATM Strategies server side is critical to be successful as a platform developer long term and provide our clients with a seamless trading experience across any device. The economics and practicality of delivering on this vision can only be achieved through an integrated platform/brokerage strategy.
Most introducing brokerages have historically leveraged NinjaTrader’s high brand equity to acquire prospects only to re-direct them to another platform that was in their best interests. In one of many examples, just a few weeks ago a broker ran a Google search ad offering “Free NinjaTrader” but when you clicked on the ad, it directed you to a landing page promoting a different platform. We have chosen to refine the list of available brokerage outlets for new clients after July 15th, 2014 to eliminate conflicts of interest in an inevitable changing brokerage backdrop. For the few brokerages that are an exception to the norm, in the overall context of the evolving market place it is both technically and economically impractical for us to make accommodations.
Existing NinjaTrader platform users who purchased before the 15th of July will always have access to the brokerage technologies that are currently supported providing them with mobility to broker where they wish now and in the future. New clients after July 15th will still have brokerage choice based on the refined list publicly listed here NinjaTrader Ecosystem | Broker Partners. It is also important to understand that we will continue to explore and enter into strategic brokerage relationships in the future.
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That sounds good.
So is it like this, that the few brokers left are a kind of honoured by NT (even AMP is fighting with futures.io (formerly BMT) in the moment)?
Another question, even i´ve watched the seminar: even NT can´t avoid the new 15$ fee for CME, or did i miss sth.?
We will provide choice to our clients to decide to run any level of automation either client side or server side. ATM strategies I would not consider proprietary algorithms and I am confident that our users would prefer to have them run server side.
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Hello @NinjaTrader Thank you for your reposnse, and my sincere apologies to beat a dead horse but I neglected to ask.
Does that include the data feed of ones choice available through their existing broker and/or their future choice.(for existing license holders prior to July 15th)
Thanks in advance for your patience through all of this. One might admit though that you are throwing out one heck of a curve ball for all.
As a non professional trader, you can choose from 2 packages $3 for bundled exchanges just bid and ask and $15 for bundled exchange with complete depth correct ? would you offer both choices in the NT brokerage ?