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Trading futures with Tradovate "no commissions" broker?
Started:May 15th, 2016 (02:58 PM) by jmboss Views / Replies:9,135 / 47
Last Reply:October 21st, 2016 (07:58 PM) Attachments:0

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Trading futures with Tradovate "no commissions" broker?

Old September 8th, 2016, 07:51 AM   #21 (permalink)
Trading Apprentice
New York, New York, USA
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Emini ES
 
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flowscalper View Post
Is it somehow possible to connect from another platform like Ninjatrader, Multicharts or Jigsaw (standalone)?
THEN this would be very interesting!

Given that the actual FCM apparently is Dorman it is highly unlikely that
they have invented new technology for the data and execution feed.
So what is it? CQG? Rithmic? Is there any actual user out there who could comment?

- They do offer Jigsaw. Not sure what you mean by standalone. No other platforms.
- My understanding is the data is CQG.
- I am in the process of opening an account.

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Old September 8th, 2016, 10:39 AM   #22 (permalink)
Elite Member
Bonn, Germany
 
Futures Experience: Advanced
Platform: Jigsaw, NinjaTrader, TT
Broker/Data: CQG, TT
Favorite Futures: FGBL, FESX, ZN, ZB, ZF
 
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Laconic View Post
- They do offer Jigsaw. Not sure what you mean by standalone. No other platforms.
- My understanding is the data is CQG.
- I am in the process of opening an account.

What do you mean by "They do offer Jigsaw"?
I mean the Jigsaw DOM and that is what I need to be able
to use for the broker to be useful to me.

Currently Jigsaw is available as an add-on to various trading platforms
(but you say "no other platforms") and in the future Jigsaw will have
it's own standalone version (Not ready yet).

So I am a bit confused right now. Can I use the Jigsaw tools with this broker?

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Old September 8th, 2016, 10:48 AM   #23 (permalink)
Trading Apprentice
New York, New York, USA
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Emini ES
 
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flowscalper View Post
What do you mean by "They do offer Jigsaw"?
I mean the Jigsaw DOM and that is what I need to be able
to use for the broker to be useful to me.

Currently Jigsaw is available as an add-on to various trading platforms
(but you say "no other platforms") and in the future Jigsaw will have
it's own standalone version (Not ready yet).

So I am a bit confused right now. Can I use the Jigsaw tools with this broker?

- First off, I think Jigsaw at Tradovate may only be in beta testing at the moment. But the release should be soon.
- The setup is that you access the Jigsaw tools through the Tradovate platform, which I would guess is the same way you would do it through Ninja, Multicharts, etc. So you do have to have the Tradovate platform running but Jigsaw looks and runs the way you expect.

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Old September 11th, 2016, 06:06 PM   #24 (permalink)
Elite Member
Brisbane + Queensland/Australia
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: CQG, IQFeed
Favorite Futures: S&P Emini Futures
 
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flowscalper View Post
What do you mean by "They do offer Jigsaw"?
I mean the Jigsaw DOM and that is what I need to be able
to use for the broker to be useful to me.

Currently Jigsaw is available as an add-on to various trading platforms
(but you say "no other platforms") and in the future Jigsaw will have
it's own standalone version (Not ready yet).

So I am a bit confused right now. Can I use the Jigsaw tools with this broker?


Jigsaw Tools available on Windows downloadable version.

https://www.tradovate.com/platform/

Release Notes

Version 0.9.160819 (08/21/2016)

Integration to Jigsaw Depth and Sales released in Windows downloadable version. Now accessible from “Add Modules” area.

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Old September 14th, 2016, 09:32 AM   #25 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/FX
 
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Futures Edge on FIO
Can someone clarify a few things for me.

Hmmmm what is the actual cost of a round trip on the SandP/Bund/Dax futures contract? Or any others?
On their fees section, it is not clear if the figures posted are per side or round trip.

Symbol Market Exchange Group Exchange Fee NFA Fee Transaction Fee
NQ E-Mini NASDAQ 100 CME E-Mini Indices $1.17 $0.01 $0.09
TF Russell 2000 Index Mini ICE Futures US E-Mini Indices $1.30 $0.01 $0.09
ES E-Mini S&P 500 CME E-Mini Indices $1.17 $0.01 $0.09
YM E-Mini Dow ($5) CBOT E-Mini Indices $1.16 $0.01 $0.09
FDXM Mini-DAX EUREX Indices 0.38 EUR $0.01 $0.09
NKD Nikkei 225 (USD) CME Indices $2.10 $0.01 $0.09
FDAX DAX Index EUREX Indices 0.67 EUR $0.01 $0.09
FESX Euro Stoxx 50 EUREX Indices 0.47 EUR $0.01 $0.09


So looking at popular markets: Bund/SandP/Dow Jones, you can see that there are transaction costs per trade:
SandP $1.27
DOw $1.26
Bund 0.45 euros

If it's per side, then the savings are not so clear cut. I can see exchanges are included on the higher priced options which is pretty good. But if the platform is limited then you would need your own data feed and charting package on top, pretty much like everyone else.

Would be curious to see if I have got the wrong end of the stick on this-seems like it's ok but the savings are not huge if you can get a prop firm rate with your own cash?

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Old September 19th, 2016, 03:37 PM   #26 (permalink)
Market Wizard
Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, NQ, YM, CL
 
trendwaves's Avatar
 
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I dug around and found this link that explains how Jigsaw integrates into the platform... https://tradovate.zendesk.com/hc/en-us/articles/226168387-How-do-I-access-Jigsaw-tools-in-Tradovate-

On the fees question: the fees you listed are per side (not round turn), the 0.09 cents is the standard order routing fee passed through from CQG. The fees listed are fixed costs (per contract traded) outside the control of any individual broker. Instead of adding on a broker commission per contract to the fixed fees, you would be paying a low fixed monthly subscription. So the more contracts you trade in a month, the greater the cost benefit of the subscription. Combine this with Jigsaw and you start to get a synergy, I would suspect DOM execution order flow traders that don't need a lot of advanced charting bells and whistles are going to take a look at this for the immediate cost advantage.

Be Patient and Trade Smart
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Old September 22nd, 2016, 05:13 PM   #27 (permalink)
Market Wizard
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Webinar room is open join us to learn more about Tradovate! Webinar will start at 4:30 PM EDT.

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Old September 23rd, 2016, 05:31 AM   #28 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/FX
 
Posts: 233 since Jul 2013
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trendwaves View Post
I dug around and found this link that explains how Jigsaw integrates into the platform... https://tradovate.zendesk.com/hc/en-us/articles/226168387-How-do-I-access-Jigsaw-tools-in-Tradovate-

On the fees question: the fees you listed are per side (not round turn), the 0.09 cents is the standard order routing fee passed through from CQG. The fees listed are fixed costs (per contract traded) outside the control of any individual broker. Instead of adding on a broker commission per contract to the fixed fees, you would be paying a low fixed monthly subscription. So the more contracts you trade in a month, the greater the cost benefit of the subscription. Combine this with Jigsaw and you start to get a synergy, I would suspect DOM execution order flow traders that don't need a lot of advanced charting bells and whistles are going to take a look at this for the immediate cost advantage.

Aha nice one, thanks for that.

So to clarify, it seems like dubious advertising. My understanding is that for the fixed monthly fee, you can trade futures for just that fixed monthly fee and that's the cost.

EXCEPT for the cost per contract for the ES which works out to $2.54 per r/t etcetc. Which means that you're paying fees per contract just like if using a broker! Yay?

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Old September 23rd, 2016, 03:14 PM   #29 (permalink)
Market Wizard
parsippany+NJ/US
 
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Broker/Data: Infinity Futures
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Any discounts for Elite members from Tradovate ?

-------
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The First Aim Is "Survival"
Second is "Consistency"
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Old September 23rd, 2016, 05:00 PM   #30 (permalink)
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Big Mike View Post
Hi guys,

It is my pleasure to welcome Ryan Hansen, President of Tradovate, for a webinar on Thursday, September 22nd @ 4:30 PM Eastern US.

This webinar is meant as an introduction to Tradovate, and to give everyone an opportunity to learn about their tools and ask questions.

Tradovate is a modern, cloud-based futures trading platform offering unlimited, commission-free trading for a flat price. No per-trade commissions, platform licensing fees, order routing fees, or mobile app fees.

Bullet points of the webinar:

- How commission-free trading works
- Desktop for Windows & Mac, web for Chrome, and mobile for iPhone, iPad, and Android
- DOM, charts, quotes, advanced orders, and more
- Third party analysis & trading tools

You can find Tradovate on their website:
http://www.tradovate.com

Register for the event (space is limited):
https://on.futures.io/kmult

Mike

Here is the webinar recording:



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