NexusFi: Find Your Edge


Home Menu

 





Rithmic feed and rissues


Discussion in Brokers

Updated
      Top Posters
    1. looks_one Japhro with 16 posts (7 thanks)
    2. looks_two mattz with 15 posts (4 thanks)
    3. looks_3 timefreedom with 4 posts (5 thanks)
    4. looks_4 bob7123 with 3 posts (0 thanks)
      Best Posters
    1. looks_one NinjaTrader with 1.5 thanks per post
    2. looks_two timefreedom with 1.3 thanks per post
    3. looks_3 Japhro with 0.4 thanks per post
    4. looks_4 mattz with 0.3 thanks per post
    1. trending_up 28,755 views
    2. thumb_up 25 thanks given
    3. group 8 followers
    1. forum 50 posts
    2. attach_file 0 attachments




 
Search this Thread

Rithmic feed and rissues

  #31 (permalink)
 timefreedom 
Indianapolis, IN USA
 
Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker: Several
Trading: ES CL ZB
Posts: 374 since Dec 2009
Thanks Given: 226
Thanks Received: 381


SgtJ View Post
Japhro, up until your last few posts and Matt's confirming the issue, it sounded as if you had a personal ax to grind with Rithmic. Thanks for informing the community. Not that it matters but I didn't find anything wrong with Matt's commentary. He knows more about Rithmic then most, so why not welcome his or anyone else's input? If Mike has a problem with it he will handle it.

There were 2 problems. 1. @mattz made the comment that he was happy things were resolved. Nothing was resolved. The issue was that due to data feed outages the original poster was out "a small, but annoying" amount of money. Further, the original poster was lamenting the possible need to change data feeds. @Japhro did not post that he recovered his money, nor did he post that he had found an acceptable replacement for his data - although he did mention CTS T4 had served him well in the past. In other words, nothing was resolved. The original poster is still of the opinion that Rithmic is not as solid as it once was, the money is still gone, and based on the information to this point in the thread, the search for better data continues. 2. Matt, oblivious to the poster's situation, kept replying with insinuation that the problem was not with Rithmic - a company for which he is a vendor.

I'm sure all intentions were good and I hope the data feed issues are solved.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Request for MACD with option to use different MAs for fa …
NinjaTrader
Looking for an MQL4 MetaTrader programmer/coder
The Elite Circle
NexusFi Journal Challenge - May 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
62 thanks
NexusFi site changelog and issues/problem reporting
46 thanks
Battlestations: Show us your trading desks!
34 thanks
GFIs1 1 DAX trade per day journal
31 thanks
What percentage per day is possible? [Poll]
21 thanks

  #32 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

Moderator Notice
Moderator Notice



Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
  #33 (permalink)
 Japhro 
Canada
 
Experience: Advanced
Platform: Sierra
Broker: AMP/Rithmic
Trading: NQ, ES, YM, UB
Posts: 213 since Aug 2013
Thanks Given: 33
Thanks Received: 195


Just a follow up since this was posted, Rithmic had another 2 issues since then, the latest being this morning where some of their historical data servers were down or unavailable, causing my Multicharts platform to have quotes on the DOM but blank charts for 3 hours or more.

Started this thread Reply With Quote
  #34 (permalink)
 
bob7123's Avatar
 bob7123 
Amsterdam, The Netherlands
Legendary Market Wizard
 
Experience: Intermediate
Platform: Ninja, IRT, ToS
Broker: EdgeClear, LMAX
Trading: NQ
Posts: 668 since Oct 2011
Thanks Given: 134
Thanks Received: 2,682

This thread gave me pause.

In the past I had used Rithmic with Vision Financial and didn’t have problems. I was mostly a sim trader then, so I probably wasn’t hitting the platform hard enough to notice problems, I mostly relied on what others were saying on futures.io (formerly BMT) and elsewhere.

At this point I am about to give Rithmic another whirl, with an account that uses ADMIS as the FCM.

I’m wondering if people felt problems like the one discussed in this thread are more or less likely to happen with ADMIS as the FCM. I’ve seen some very positive things posted on futures.io (formerly BMT) about ADMIS, but I am concerned about reliability.

Also, I’m aware that this thread got somewhat discordant at times. If folks could try to be dispassionate in their replies and keep in mind we are a community trying to help each other as well as make money for ourselves, I’d appreciate it.

Thanks,

-Bob

Follow me on Twitter Reply With Quote
  #35 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


bob7123 View Post
This thread gave me pause.

In the past I had used Rithmic with Vision Financial and didn’t have problems. I was mostly a sim trader then, so I probably wasn’t hitting the platform hard enough to notice problems, I mostly relied on what others were saying on futures.io (formerly BMT) and elsewhere.

At this point I am about to give Rithmic another whirl, with an account that uses ADMIS as the FCM.

I’m wondering if people felt problems like the one discussed in this thread are more or less likely to happen with ADMIS as the FCM. I’ve seen some very positive things posted on futures.io (formerly BMT) about ADMIS, but I am concerned about reliability.

Also, I’m aware that this thread got somewhat discordant at times. If folks could try to be dispassionate in their replies and keep in mind we are a community trying to help each other as well as make money for ourselves, I’d appreciate it.

Thanks,

-Bob

This is only my general opinion as far as feeds: You would likely see more issues as far as platforms and feed integration, rather than FCM and data feed differences. Most FCMs and IBs rely on the data feed server's rather than the FCM's in many cases. Some FCMs may have their own servers, that some data feeds may require.
I know this does not answer your question, but this would help you ask the right questions.

Matt

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

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Reply With Quote
  #36 (permalink)
 
bob7123's Avatar
 bob7123 
Amsterdam, The Netherlands
Legendary Market Wizard
 
Experience: Intermediate
Platform: Ninja, IRT, ToS
Broker: EdgeClear, LMAX
Trading: NQ
Posts: 668 since Oct 2011
Thanks Given: 134
Thanks Received: 2,682


mattz View Post
This is only my general opinion as far as feeds: You would likely see more issues as far as platforms and feed integration, rather than FCM and data feed differences. Most FCMs and IBs rely on the data feed server's rather than the FCM's in many cases. Some FCMs may have their own servers, that some data feeds may require.
I know this does not answer your question, but this would help you ask the right questions.

Matt

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

I guess my question is: Are incidents like the one detailed in post #27 likely to happen again, and is having ADMIS as a FCM going to make these incidents more or hopefully less likely?

What gave me pause was that the starter of the thread claims he "woke up to find that I was in a position that I never entered." That's not good at all.

Interestingly, the Rithmic incident was reported on Dec 1. It looks like Vision Financial transferred their accounts to ADMIS on Nov 30th. ( nexusfi.com (formerly [AUTOLINK]BMT[/AUTOLINK]) link) It could be coincidence, but perhaps someone "kicked a cable' during the transition, affecting clients besides those with Vision accounts.

Who knows really, and I doubt anyone would fess up, but it is odd...

Follow me on Twitter Reply With Quote
  #37 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


bob7123 View Post
I guess my question is: Are incidents like the one detailed in post #27 likely to happen again, and is having ADMIS as a FCM going to make these incidents more or hopefully less likely?

What gave me pause was that the starter of the thread claims he "woke up to find that I was in a position that I never entered." That's not good at all.

Interestingly, the Rithmic incident was reported on Dec 1. It looks like Vision Financial transferred their accounts to ADMIS on Nov 30th. ( nexusfi.com (formerly [AUTOLINK]BMT[/AUTOLINK]) link) It could be coincidence, but perhaps someone "kicked a cable' during the transition, affecting clients besides those with Vision accounts.

Who knows really, and I doubt anyone would fess up, but it is odd...

#27 was a Rithmic issue, not the FCM. Therefore, any FCM can't make something "less likely" when they had nothing to do with it from the first place. I have addressed the issue with Rithmic per the indecent on this thread, and although non our our customers reported anything, Rithmic acknowledged it and took care of the issue. I have known them as a team of people that does not have a cavalier approach to situations like this. Neither do we.
Futures trading has many components, and we try and go via a step by step process to help you out in case you have a snag.

Matt

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

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Reply With Quote
  #38 (permalink)
 
bob7123's Avatar
 bob7123 
Amsterdam, The Netherlands
Legendary Market Wizard
 
Experience: Intermediate
Platform: Ninja, IRT, ToS
Broker: EdgeClear, LMAX
Trading: NQ
Posts: 668 since Oct 2011
Thanks Given: 134
Thanks Received: 2,682


mattz View Post
#27 was a Rithmic issue, not the FCM. Therefore, any FCM can't make something "less likely" when they had nothing to do with it from the first place. I have addressed the issue with Rithmic per the indecent on this thread, and although non our our customers reported anything, Rithmic acknowledged it and took care of the issue. I have known them as a team of people that does not have a cavalier approach to situations like this. Neither do we.
Futures trading has many components, and we try and go via a step by step process to help you out in case you have a snag.

Matt

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

Hi Matt,

Thanks for the input.

One thing I think we all agree is this is not something to be cavalier about, so it is definitely worth discussion.

Hopefully it was a one time event regardless of cause.

Follow me on Twitter Reply With Quote
  #39 (permalink)
nojgic
Jindřichův Hradec, Czech Republic
 
Posts: 22 since Feb 2013
Thanks Given: 14
Thanks Received: 28


bob7123 View Post
This thread gave me pause.

In the past I had used Rithmic with Vision Financial and didn’t have problems. I was mostly a sim trader then, so I probably wasn’t hitting the platform hard enough to notice problems, I mostly relied on what others were saying on futures.io (formerly BMT) and elsewhere.

At this point I am about to give Rithmic another whirl, with an account that uses ADMIS as the FCM.

I’m wondering if people felt problems like the one discussed in this thread are more or less likely to happen with ADMIS as the FCM. I’ve seen some very positive things posted on futures.io (formerly BMT) about ADMIS, but I am concerned about reliability.

Also, I’m aware that this thread got somewhat discordant at times. If folks could try to be dispassionate in their replies and keep in mind we are a community trying to help each other as well as make money for ourselves, I’d appreciate it.

Thanks,

-Bob

hi Bob,

there weren't any problems with Rithmic since those really rare issues recently. I've been using Rithmic for year and half and it is extremely stable and solid datafeed. Nothing is 100% all the time so those issues were acceptable as long as they don't repeat frequently and so far they don't. Using Sierra Chart with Rithmic datafeed via Optimus Trading Group which is introducing broker to FMC Admis and it is great combo. So that is feedback and recommodation I can provide you. Good luck in trading.

Reply With Quote
The following user says Thank You to nojgic for this post:
  #40 (permalink)
 Japhro 
Canada
 
Experience: Advanced
Platform: Sierra
Broker: AMP/Rithmic
Trading: NQ, ES, YM, UB
Posts: 213 since Aug 2013
Thanks Given: 33
Thanks Received: 195


Just wanted to follow up that as of late, Rithmic has been very reliable again, back to it's old self. Not sure what issues they were having during that period, but they seem to have it solved and I am using them happily for the last few months. Just FYI. Cheers - J

Started this thread Reply With Quote
The following user says Thank You to Japhro for this post:





Last Updated on June 30, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts