Well Velocity does use Trading Technologies on Ninjatrader. Initially when I was looking for a broker I was looking for a Zen-fire version. I demoed the feed on my desktop and TT on my laptop they were both pretty much the same I would have the same indicators on both computers would get the same results.
Not really, overall satisfied. I did have an issue a few weeks ago which was pretty big in my book, and would help add to all of the conspiracy theories.
I need to create a separate post on it, but long story short: Had a number of orders on one day. Get my statement which showed I made less than expected. I eventually find that they duplicated two of my trades, and both happen to be losers. What is more strange is I had winning trades in between these losing trades, which of course were not duplicated! - So, I call that evening, no one answers any phone numbers at Mirus or Dorman, or my rep, or e-mail, etc. I get a hold of someone the next day finally who gives me attitude and acts like I am stupid for asking how this could happen. He says something along the lines of "It is not a perfect system; it happens, etc." He said the trades appear to have "been duped at Nymex". I have yet to 'beat them up' more, but feel that I am due a better explanation on how this could happen. I would bet you $1MIL that if the trades that were duplicated were winners, it would have been caught and corrected without me even knowing about it. Don't tell me they don't have systems in place to automatically correct this type of thing without me having to find it and notify them.
So, I had to find the errors myself, notify them, and get attitude from them about it. In the end they backed the trades out and corrected it, but I shouldn't have to worry about this kind of stuff happening.
Anyone heard of this type of thing happening with any broker before?
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i hear ninja is having problems with zen and TT feed recently... its all over their forums. It may be affecting version 6.5 as well, but i haven't verified this. I don't have problems with X-trader, so their TT feed is fine.
I don't really use ninja anymore, but i run it to "capture" bid/ask data untill ninja works out all its kinks, and maybe ill switch back. In the meantime, im using other software to trade and for charting.
I still do have to note that i think velocity is much better than mirus because of their reporting tools, and im actually warming to more to X-trader now.
Last edited by Michael.H; July 18th, 2010 at 11:36 PM.
Thank you for the information. The problem I am describing happened weeks ago, and I am using NT 6.5.X with Zen currently. I also have an IB account for backup.
The problem was not at all related to software or data feed, but instead an error on the Nymex side according to Mirus. Ninja showed everything correctly in the logs, trades tab, executions, etc, and I knew what ATM strategy I was using so it wasn't terribly difficult to find the 2 'errors'. They showed 2x the number of contracts being traded on both the 'error' trades.
A very effective way to handle a situation like this would be to talk to someone higher in the hierarchy. If they give you an attitude. (Tell them about your experience with that guy as well). Then it means that the whole organization is infected! Try to find out who you could speak to and approach them instead!
And if it so, (them being infected) please let us know as well!
We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now. Past performance is not indicative of future results.
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If you end up demoing the X_trader DOM platform before you decide to switch to velocity just note that the live DOM is MUCH faster at least it is on my end. I have used cqg through velocity too and the X_trader DOM is just nuts. I am also using a free version of Ninja for charts connected to a tt_sim server and am doing fine with it... I compared volume delta in my ninja setup to a zenfire/market delta volume delta and they were different.. Not by much but they were.. By the way anyone know who max is on the scoreboard?!?!
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Following up, I've been trading futures over 10 years. I started out as a S.O.E.S. bandit. I've used many platforms and brokers over the years. I dumped NT years ago for all of the reasons I've found listed here. When I switched to Velocity, i decided to give them another shot. I currently use Market Delta for charting and the NT-TT combo dom for order entry. I also like to adjust my targets on the NT chart. I happy to say things are working well for me. I'm not that concerned about a second or two. Perhaps I should be but I'm more relaxed and plan my entries better than I did in the beginning. I may call and inquire about using X=trader for a better rate at some point. Velocity is top-notch- no BS. you will be very happy as a customer. Thanks Big Mike for the forum.
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I am looking at Velocity as an alternative to Mirus after experiencing less than professional conduct from them. The issue is my account is being depleted slowly by at least 10-40/week, regardless whether trades executed or not. The Account Manager throws all BS reasons such Euro/US exchange rates due to fact I hold some Euros in the account. Worked for him until the Euro gained value but my account STILL kept falling. He fails to answer any direct questions and continuously spins his crap. Note I have had no issues with Mirus until this year. Something must have gone wrong in that place. Good idea, will talk to someone senior later tomorrow. BTW, any communication with DORMAN keeps redirected to Mirus! Do your due diligence and not just rely on the past performance of these brokers.
Anyway, as I said, looking into Velocity and hopefully find honesty and integrity with them. Question for Velocity clients using NT - what data feeds is available, I can't seem to read this info from their site.
@kashter, Velocity uses the TradingTechnologies (TT) adapter, it's called TT_FIX (financial information exchange). You should definitely do a trial and make sure it works for your situation, if I recall correctly TT does not have historical backfill.
My rep at Velocity has been great so I would recommend him, Dale Box (dbox /at/ velocityfutures.com). He should be able to answer questions about exchange rates as well as historical backfill on TT via Ninja, and set you up with a two week trial.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
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