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Cannon Trading Company


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Cannon Trading Company

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  #1 (permalink)
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
 
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As a longtime Mirus customer I was also hit with the Zenfire issue, and the unprofessional way Mirus has dealt with this situation.

I have since made extensive inquiries as to a suitable and reliable broker together with good clearing houses (I am with RCG), as well as offering of different solution to go with Ninja Trader.

I have come up with Canon Trading Company which seems to be able to comply with the strict condition I am looking for together with a wide range of options.

I am putting this forward here as there still maybe many of you who are searching. I found them to be very professional, polite and efficient together with all the options as above. They have been in business since 1988, offer all possible datafeeds to Ninja as well as 10+ other platforms.

The contact there is: Ilan Levy-Mayer
Website: https://www.cannontrading.com/

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  #3 (permalink)
Market Wizard
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As a Mirus client (survivor) I spoke with a Cannon broker rep, Mark O'Brien, at Cannon last week. They offer a wide variety of data feed options to choose from. I primarily focused on the Rithmic technology for NinjaTrader which they offer and clear through Vision Financial. I was quoted a day margin of 20% of overnight, which seems to be fairly standard for IIB's clearing with Vision.

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  #4 (permalink)
 
 
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Posts: 175 since Mar 2013
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Thank you guys for the nice feedback. I am the VP at Cannon Trading. I am sorry for all of you who experienced interruption in your trading because of the Zen Fire situation. It seems that the situation stirred up the industry a bit and there are many different sources of information, sometimes they don't match.
We do offer various ninja trading solutions though few different FCM's as well as other platforms. I do NOT want to break BigMike policies, hence will not go into details but feel free to visit our website, contact us OR post questions on this specific thread and see if we can customize a solution and provide you with accurate information.

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  #5 (permalink)
Italy
 
 
Posts: 22 since Aug 2010
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I applied yesterday with Cannon Trading. First impression: very good.
They matched my commissions plan without problems. I open with Dorman+Rithmic. Now I am waiting for the start up of the account. I suspect they are very busy in these days, and Dorman too.
My only doubt is about their PST working hours, and I do not know if they have a real 24h helpdesk. Several years ago I had many problems with a main IB headquartered in CA too about their time.

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  #6 (permalink)
 
 
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Posts: 175 since Mar 2013
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Yes, most brokers who offer ninja are swamped trying to accommodate clients who are moving away from Mirus. Our turn around time has been pretty good so far, 24 hours or so.
I actually think that the west coast hours are better as some of us come in early and some of us stay late so our main business hours stretch from 530 am pacific time to 3 pm pacific time ( 830 AM to 6 PM EST).

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  #7 (permalink)
Australia
 
 
Posts: 48 since Feb 2011

Ilan, I'm currently with RCG/Mirus and primarily interested in Rithmic. According to the posts above you offer Rithmic from Vision and Dorman, but what about RCG? I've heard they are intoducing Rithmic too (emailed them, but haven't got an answer yet).
Also AFAIK Vision doesn't have Eurex on Rithmic, while Dorman does. What about RCG?

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  #8 (permalink)
 
 
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Posts: 175 since Mar 2013
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Hi Bogan and maybe this will help others as well.
We do offer Rithmic with both Dorman and Vision. RCG says they are in the process of getting Rithmic but my speculation is it will be weeks and not days over at RCG.
Dorman WILL have EUREX on Rithmic but not at this specific second, my "guesstimate" with Dorman is we are talking days.

At this specific second we can offer EUREX for clients who trade on ninja through RCG - Continuum and Dorman -Continuum.
We also offer Eurex via a few other trading platforms.

*Futures trading is risky and not for everyone. PM for specifics or 800-454-9572 / int'l +310 859 9572

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  #9 (permalink)
Australia
 
 
Posts: 48 since Feb 2011

I got a reply from RCG, they said they don't offer Rithmic (and nothing to imply it's coming)

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  #10 (permalink)
 
 
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talking to mgmt over there makes me believe its a matter of weeks.

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  #11 (permalink)
Marketing Specialist
Portland, Oregon
 
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I have been using Cannon for 6 months and I absolutely love the service. Recently received a competitors commissions report and they quickly matched them without question. Also they answer their phones within 3 rings and my broker is quick to return calls or emails.

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  #12 (permalink)
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I called them with some questions a couple years ago and got a demo. Since then they've called me a bunch of times seeing if I'm still interested in trading with them and to possibly give me a better deal then my current broker. It's reassuring that they have a rep who is responsive here on this forum. That goes a long way imo

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #13 (permalink)
 
 
CannonTrading's Avatar
 
Posts: 175 since Mar 2013
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Thank you! We always welcome feedback, we love the good comments and will try to improve when we hear we need to. Good trading to all, markets are definitely moving today!











PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

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  #14 (permalink)
 
 
CannonTrading's Avatar
 
Posts: 175 since Mar 2013
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I am glad to share that we can now offer EUREX data using Rithmic and Dorman free of charge, no monthly fee.










PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

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  #15 (permalink)
Italy
 
 
Posts: 22 since Aug 2010
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Ilanlm View Post
I am glad to share that we can now offer EUREX data using Rithmic and Dorman free of charge, no monthly fee.

The bad news is that a 0.50$ routing fee is charged for all CME contracts (Dorman+Rithmic over Ninja) ... I discovered this today, but they assured me it is included in the commision plan. One more question: where is the customer portal for checking the open positions and stm downloads ? I didn't consider that when opened the account ... all brokers have one

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  #16 (permalink)
 
 
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Silence Exp View Post
The bad news is that a 0.50$ routing fee is charged for all CME contracts (Dorman+Rithmic over Ninja) ... I discovered this today, but they assured me it is included in the commision plan. One more question: where is the customer portal for checking the open positions and stm downloads ? I didn't consider that when opened the account ... all brokers have one

The data fees are INCLUDED in the total commission cost quoted but they will be broken down on the statement to reflect exchange fees, transaction fees( data feed) and commissions. The total will add up to what your broker quoted you.

Currently Dorman does not have a portal for clients to log in, since they used to have one built upon Zen Fire back-end.

They should have one shortly BUT as a client you will get a daily statement, detailing account activity for the day nightly ( around 8 pm Central time)
Please feel free to contact me directly as well at ilan@cannontrading.com

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

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  #17 (permalink)
Auckland, New Zealand
 
Experience: Beginner
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Trading: Whatever moves in my timezone
 
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Ilanlm View Post
The data fees are INCLUDED in the total commission cost quoted but they will be broken down on the statement to reflect exchange fees, transaction fees( data feed) and commissions. The total will add up to what your broker quoted you.

Currently Dorman does not have a portal for clients to log in, since they used to have one built upon Zen Fire back-end.

They should have one shortly BUT as a client you will get a daily statement, detailing account activity for the day nightly ( around 8 pm Central time)
Please feel free to contact me directly as well at ilan@cannontrading.com

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

@Ilanlm

But couldn't Dorman provide R-Trader right now for free, at least that way the poster could check and close etc open positions. I appreciate it would not give him statements though.

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  #18 (permalink)
Italy
 
 
Posts: 22 since Aug 2010
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steve2222 View Post
@Ilanlm

But couldn't Dorman provide R-Trader right now for free, at least that way the poster could check and close etc open positions. I appreciate it would not give him statements though.

Their T4Web as known as Dorman Direct let you to trade, view historical trade activity, and download statements. The real problem is the lack of informations from Dorman. Their support mailbox is a black hole where you send emails without reply. Dorman staff is a mysterious entity.
Cannontrading work with them, and should take care of his clients cleared by Dorman, for example with a limited access to T4Web, T4Mobile or R-Trader for free.

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Posts: 175 since Mar 2013
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Thank you for all the questions and great feedback!

I know many of you have a lot of different questions about Ninja Trader and the different feeds we offer. Just for clarification we are an introducing broker and we clear through Dorman, Vision, Ironbeam AND RCG for your Ninja Trader solutions. We do not limit you to one solution for Ninja Trader. We do offer other trading solutions as well that are NOT associated with Ninja Trader.

Also, to answer the question above we do offer T4Web with Dorman as well. If you are a client of ours, you will be able to log into the portal too.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

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  #20 (permalink)
 
 
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Posts: 175 since Mar 2013
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May not be related to actual trading but thought you may appreciate the link to a recent a interview:

Entrepreneur Interview: Ilan Levy Mayer, Cannon Trading Company, Inc. : Business Info Guide: Small Business, Internet Marketing, Entrepreneur Interviews & Resources

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #21 (permalink)
Kansas City
 
Experience: Intermediate
Platform: NT
Trading: TF,CL,ZS
 
Posts: 21 since Jan 2012
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Just finished setting up an account with Cannon.

The process was smooth and Ilan and his team was very responsive and helpful. Very happy with my choice.

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  #22 (permalink)
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
 
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RoninRounder View Post
Just finished setting up an account with Cannon.

The process was smooth and Ilan and his team was very responsive and helpful. Very happy with my choice.

I can also confirm what you say.

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  #23 (permalink)
 
 
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RoninRounder View Post
Just finished setting up an account with Cannon.

The process was smooth and Ilan and his team was very responsive and helpful. Very happy with my choice.

Thanks guys, we are happy to help and appreciate the positive response!

We are here to answer questions as the markets and the industry are always revolving.


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #24 (permalink)
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009

couple of Q's

a) intraday margin rates?, and a salesman to ask for....
b) ninja and which data vendor?
c) cash indices available or requires additional source?
d) finally, how are the comms?

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Posts: 175 since Mar 2013
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kronie View Post
couple of Q's

a) intraday margin rates?, and a salesman to ask for....
b) ninja and which data vendor?
c) cash indices available or requires additional source?
d) finally, how are the comms?

hi Kronie,

Thank you for the inquiry, here are some answers:

a) intraday margin rates?, and a salesman to ask for....anyone here can assist . Most of us have over 10 years experience. you can call 800 454 9572
b) ninja and which data vendor? depending on trading needs, priorities etc. we can recommend either Rithmic or continuum
c) cash indices available or requires additional source? available
d) finally, how are the comms? base commissions with rithmic data feed are available at: https://www.cannontrading.com/services/futures-trading-commission depending on exact solution there may a small difference if you choose different FCM or data.


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #26 (permalink)
NYC + NY / USA
 
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Ilanlm View Post
hi Kronie,

Thank you for the inquiry, here are some answers:

a) intraday margin rates?, and a salesman to ask for....anyone here can assist . Most of us have over 10 years experience. you can call 800 454 9572
b) ninja and which data vendor? depending on trading needs, priorities etc. we can recommend either Rithmic or continuum
c) cash indices available or requires additional source? available
d) finally, how are the comms? base commissions with rithmic data feed are available at: https://www.cannontrading.com/services/futures-trading-commission depending on exact solution there may a small difference if you choose different FCM or data.


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.


wow, something has improved here. I now remember, I asked these questions before, but that website and the links are much improved.

good thing, this volatile industry is as reflexive as it is, what with the former now mired in IB change of status, and the offer to clear through Dorman and RCG has been reduced to just one.....

perhaps kicking tires, sometimes the tires kick back.....

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  #27 (permalink)
 
 
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Posts: 175 since Mar 2013
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Still clearing with RCG, Dorman, Transact, Vision, IronBeam, OEC ( GAIN) I think being an independent IB clearing with different FCM's is one of our strengths as it really allows us to match client needs with the right software/set up but it is also a source for little confusion at times. A 5 minute conversation with any of our brokers will help traders get set up with the best fit.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #28 (permalink)
Marketing Specialist
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
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kronie View Post
couple of Q's

a) intraday margin rates?, and a salesman to ask for....
b) ninja and which data vendor?
c) cash indices available or requires additional source?
d) finally, how are the comms?

Ask for Joe Easton.

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  #29 (permalink)
 
 
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Posts: 175 since Mar 2013
Thanks: 51 given, 143 received

CME new policy as far as data fees FAQ at:

https://www.cmegroup.com/market-data/distributor/files/market-data-policy-changes-faq-2014.pdf

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #30 (permalink)
 
 
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Posts: 175 since Mar 2013
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tturner86 View Post
Ask for Joe Easton.

Joe does an excellent job just like the rest of our brokers so feel free to call and ask to speak to a broker and the most available one will be able to service your needs.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #31 (permalink)
 
 
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Posts: 175 since Mar 2013
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Rollover Notice for Stock Index Futures

Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, March13th, is rollover day.

Starting March13th, the June 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the June 2014 contract as of March 13th. Volume in the March 2014 contracts will begin to drop off until its expiration on Friday March 21st.

The month code for June is M4.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open March Currency positions by the close on Friday the 14th.

Should you have any further question please contact your broker.



Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #32 (permalink)
Minnesota United States of America
 
Experience: Beginner
Platform: Looking at Ninja Trader and eSignal.
Trading: Stocks
 
Posts: 14 since Feb 2014
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Good evening Ilanlm,

I am new here and to trading.

Is it possible to trade stocks with Cannon?

Thanks

Sig

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  #33 (permalink)
 
 
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Posts: 175 since Mar 2013
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SigTrader View Post
Good evening Ilanlm,

I am new here and to trading.

Is it possible to trade stocks with Cannon?

Thanks

Sig

Hello there,

No we do not offer stocks like microsoft, google etc. but you can trade the index as a whole using mini SP 500, mini Dow, mini NASDAQ etc.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #34 (permalink)
Marketing Specialist
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
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Posts: 6,172 since Sep 2013
Thanks: 10,456 given, 12,601 received

I cannot express how well the customer service is at Cannon. I had a DOM issue with an order just now, position was entered but not showing up on the DOM, Chart, or Position window in OEC. I called Cannon and with one ring I had my broker on the phone and was able to close the position. Heck even closed it with a profit.

Every time I have called Cannon they answer within 2-3 rings, in a serious situation like the above being able to reach your broker in time is an important matter.

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  #35 (permalink)
Cologne/Germany
 
Experience: Advanced
Platform: NinjaTrader
Trading: FDAX, YM
 
Posts: 41 since Oct 2011
Thanks: 17 given, 9 received

Hi,

Can anyone say whether Cannon allows synthetic accounts?

Are the real time/historical data for FDAX/GC/CL etc. free?

Thanks.

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  #36 (permalink)
 
 
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andorre View Post
Hi,

Can anyone say whether Cannon allows synthetic accounts?

Are the real time/historical data for FDAX/GC/CL etc. free?

Thanks.

Hi There,

Can you explain a bit more what you mean by synthetic accounts?
We do offer historical data and it is free with MOST of our data feeds/ platforms for the contracts you mentioned but depending on specific platform you like to use and if you had an active account before March 1st 2014 I can give you specifics.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #37 (permalink)
Cologne/Germany
 
Experience: Advanced
Platform: NinjaTrader
Trading: FDAX, YM
 
Posts: 41 since Oct 2011
Thanks: 17 given, 9 received

Sorry for the late answer.

I would like to trade in two accounts separately & simultaneously.
But this should be possible with 1 basic account and two subaccounts=synthethic accounts.

I see that there is a limit of 5000$ below that there are larger fees, right?

Thanks.

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  #38 (permalink)
 
 
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andorre View Post
Sorry for the late answer.

I would like to trade in two accounts separately & simultaneously.
But this should be possible with 1 basic account and two subaccounts=synthethic accounts.

I see that there is a limit of 5000$ below that there are larger fees, right?

Thanks.

Yes we do offer sub accounts based on one main account and you can trade both of them from the same software.
Our min account size is $2600 but in order to have sub accounts we need at least $10,000 in the main account in order to enable trading on the subs.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #39 (permalink)
St Paul, MN, USA
 
 
Posts: 200 since Jan 2014
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Cannon offers a lot of platforms, several FCMs, and on the surface, their commissions appear to be very competitive..

https://www.cannontrading.com/services/futures-trading-commission

...but does anyone know if they (their FCMs) are option-seller friendly? I spent a lot of time researching Advantage Futures and had a few conversations with a broker and then at the last minute he informed me that they're not really set up for option sellers, commissions would be far higher than stated on the website and margins would be something above SPAN minimums but he never got very specific. Same story with Crossland/Deep Discount Trading, although to his credit, Howard at DDT told me about Crossland's rules right away and it was clear they were not a good fit.

I know the average option selling account is not a big money maker for IBs and FCMs - the transaction count is going to be far lower than a futures day trader and it's a certainty there will be higher overnight capital requirements (on the part of the FCM) for weeks or months on end.

So, any surprises from Cannon? Are the commissions for option sellers close to what they show online? Do one or more of their FCM partners offer close to SPAN minimum margins?

Thanks!

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  #40 (permalink)
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
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CafeGrande View Post
...but does anyone know if they (their FCMs) are option-seller friendly? I spent a lot of time researching Advantage Futures and had a few conversations with a broker and then at the last minute he informed me that they're not really set up for option sellers, commissions would be far higher than stated on the website and margins would be something above SPAN minimums but he never got very specific. Same story with Crossland/Deep Discount Trading, although to his credit, Howard at DDT told me about Crossland's rules right away and it was clear they were not a good fit.

I've just opened a new trading account with them and I'm not sure of the answer but I'm sure @Ilanlm can answer your question. If he does not see this post, then PM him or call him. He has always been very helpful with my many questions.

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  #41 (permalink)
 
 
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Sorry for late reply!!

Most FCM's do NOT like option sellers. Higher risk and lower profitability.
One of our advantage is being a independent introducing broker so we do work with a few FCM's.

My preferred FCM for options sellers is OEC/ Gain Capital. Excellent, free software, the desk uses common sense and works with us the brokers who in turn work with the client.

I must say upfront that not all option sellers are "created the same" and by that I mean there are more than a few factors that go into the pricing of commissions for option sellers. Trading behavior, margin responsibility, account size, trading volume and more.

Our published commissions on the website apply for FUTURES. When it comes for options a conversation or email communication with perspective broker will help you quite a bit in getting an exact pricing for selling options and margin policy etc.

In general though, I honestly think that Cannon can offer probably the best set up for a few reasons, one of the main ones is that you will deal with a licensed broker, many of us with over 15 years experience, who will understand the risk of options and be able to asses rather than just simply restrict you.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #42 (permalink)
St Paul, MN, USA
 
 
Posts: 200 since Jan 2014
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I signed up for a demo and must have been added to a mailing list. I liked today's market memo from the big cheese at Cannon:
Hello Traders,

Today I don't have anything of value to share from the trading aspect, so will wish everyone a great evening and a good trading day tomorrow!

Levels and reports are listed below and 4th of July trading schedule is already posted on our site at:

I appreciate the honesty and brevity and wish more analysts, reporters and pundits would do the same. A lot of times there just isn't much news so they fill space fabricating reasons for why ABC went up and XYZ went down.

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  #43 (permalink)
California
 
Experience: Intermediate
Platform: NT
Trading: Index Futures
 
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Ilanlm View Post
RCG says they are in the process of getting Rithmic but my speculation is it will be weeks and not days over at RCG.

Hello Cannon/Ilanlm,

Any update on the possibility of RCG supporting Rithmic?

Thnx

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  #44 (permalink)
 
 
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Posts: 175 since Mar 2013
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@Haverchuck unfortunately Rithmic will not be supported by RCG, at least not in the near future. Will definitely keep you updated if any other news comes up regarding Rithmic and RCG.


Haverchuck View Post
Hello Cannon/Ilanlm,

Any update on the possibility of RCG supporting Rithmic?

Thnx


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #45 (permalink)
Richland WA/USA
 
Experience: Intermediate
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Ilanlm View Post
Sorry for late reply!!

Most FCM's do NOT like option sellers. Higher risk and lower profitability.
One of our advantage is being a independent introducing broker so we do work with a few FCM's.

My preferred FCM for options sellers is OEC/ Gain Capital. Excellent, free software, the desk uses common sense and works with us the brokers who in turn work with the client.

I must say upfront that not all option sellers are "created the same" and by that I mean there are more than a few factors that go into the pricing of commissions for option sellers. Trading behavior, margin responsibility, account size, trading volume and more.

Our published commissions on the website apply for FUTURES. When it comes for options a conversation or email communication with perspective broker will help you quite a bit in getting an exact pricing for selling options and margin policy etc.

In general though, I honestly think that Cannon can offer probably the best set up for a few reasons, one of the main ones is that you will deal with a licensed broker, many of us with over 15 years experience, who will understand the risk of options and be able to asses rather than just simply restrict you.

I recently opened account with Cannon for futures option selling. I must say that I am very impressed with the service. When I did my first trade, I noticed that OEC added a fee to my transactions. Ilan immediately took care of it by reducing his commission rates to compensate for it.

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  #46 (permalink)
Charlotte NC
 
Experience: Advanced
Platform: Charts:Ninja Trader w/IB, execution:TOS
Broker: TOS
Trading: CL, ES, ZN, ZB, RUT.
 
Posts: 233 since Jul 2009
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effective View Post
I recently opened account with Cannon for futures option selling. I must say that I am very impressed with the service. When I did my first trade, I noticed that OEC added a fee to my transactions. Ilan immediately took care of it by reducing his commission rates to compensate for it.

Effective,
A few Q about cannon:

Which platform do you use?
Span margins or close to it?
What are the all in fees?

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  #47 (permalink)
St Paul, MN, USA
 
 
Posts: 200 since Jan 2014
Thanks: 130 given, 207 received

About a month ago I opened an account at Gain/OEC with Cannon Trading as the introducing broker.

My experience to date is that they use SPAN minimum margins. Earlier today I checked sample short trades (both puts and calls) in Silver, Soybeans, Soybean Oil, Natural Gas and Sugar. Using OEC Trader's POSITION window and adding "initial margin" to "option value" the result was 100% of the "initial margin" figure displayed in the CME SPAN tool (the Excel application that DudeTooth created).

I did not compare figures for trades that comprise a spread. Based on the above, I think/hope the offsets used by Gain/OEC would be very similar to what's permitted by the SPAN rules.

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  #48 (permalink)
California
 
Experience: Intermediate
Platform: NT
Trading: Index Futures
 
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Posts: 106 since Jul 2009
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Hello Cannon/Ilanlm,

Do you offer CQG QTrader as an option with RCG?

Thanks

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  #49 (permalink)
 
 
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Posts: 175 since Mar 2013
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Hello @Haverchuck! We do offer CQG QTrader with 3 different clearing firms (Ironbeam, Dorman and RCG). Please feel free to call in the office and any broker or myself can assist you.


Haverchuck View Post
Hello Cannon/Ilanlm,

Do you offer CQG QTrader as an option with RCG?

Thanks


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #50 (permalink)
Cologne/Germany
 
Experience: Advanced
Platform: NinjaTrader
Trading: FDAX, YM
 
Posts: 41 since Oct 2011
Thanks: 17 given, 9 received

Hi,

Is it correct that NT chart software goes only with Dorman?
Or could one get NT with RCG as well?

Thanks

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  #51 (permalink)
 
 
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Posts: 175 since Mar 2013
Thanks: 51 given, 143 received

Hello @andorre

RCG no longer supports Ninja Trader unfortunately. Cannon Trading Company does offer many other platforms though. You can call the office for more details


andorre View Post
Hi,

Is it correct that NT chart software goes only with Dorman?
Or could one get NT with RCG as well?

Thanks


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #52 (permalink)
Toronto, Canada
 
 
Posts: 19 since Sep 2011
Thanks: 3 given, 5 received

hi,

Does Cannon Trading take Canadian customers? If yes, can Canadian customer use T4 as trading platform?
Thanks.

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  #53 (permalink)
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
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MXTrader View Post
hi,

Does Cannon Trading take Canadian customers? If yes, can Canadian customer use T4 as trading platform?
Thanks.

Use @Ilanlm in your post to alert the Vendor so he will see the post.

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  #54 (permalink)
 
 
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MXTrader View Post
hi,

Does Cannon Trading take Canadian customers? If yes, can Canadian customer use T4 as trading platform?
Thanks.

Hello @MXTrader! We do accept Canadian customers. Unfortunately not using the T4 platform. Another great alternative platform we do offer for our Canadian clients is CQG Q Trader. If you like, please call the office and any broker here can set you up with a demo 310-859-9572.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #55 (permalink)
Site Administrator
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Experience: Advanced
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Hi guys,

It is my pleasure to welcome Ilan Levy-Mayer @ Cannon Trading for a webinar on Tuesday, September 11th @ 4:30 PM Eastern US.

The title for this event is "Learning about Cannon Trading", and bullet points include:

With over 30 years in the futures business, Cannon Trading excels at helping traders with tips, pointers and customized services filtered to fit your specific needs.

- The new trader
- The more experienced trader
- International Clients
- The institutional trader
- The High Frequency trader
- Options traders, including options sellers
- Review of our commissions, margins and platforms.
- Review and explanation of the exclusive day trading newsletter FIO members have access to ($299 value). Go over specific and exact trade recommendations and actions based on recent letter.

Register for the event:
https://on.futures.io/whagn

Mike

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  #56 (permalink)
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Webinar recording:



Mike

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  #57 (permalink)
Site Administrator
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Experience: Advanced
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Big Mike's Avatar
 
Posts: 49,744 since Jun 2009
Thanks: 32,292 given, 97,485 received

Hi guys,

Cannon Trading is sponsoring a special webinar featuring Peter Davies from Jigsaw Trading covering the significant importance of Correlations in Markets, on Thursday, November 15th @ 4:30PM Eastern US.

Key bullet points include:

- Arbitrage - the glue holding markets together
- The illusion of complexity - Why using correlated markets looks complex but isn’t.
- Market State - essential in selecting trade strategy as the trading day develops.
- Trade Confirmation/Refinement - using correlations to avoid bad trades, get better prices
- Trade Management - in with the good, out with the bad
- Short term value - Trading without price!
- Using Charts vs DOMs - Choosing the right tools to track correlations
- Thinner/Thicker correlated markets

There will also be some giveaways for those who attend the event.

The main discussion thread for this event is here:


Register for the event here:
https://futures.io/webinars/

Mike

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  #58 (permalink)
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Hi guys,

Cannon Trading (a futures io site sponsor) recently celebrated their 30th Anniversary in the Brokerage business, an amazing achievement! We wanted to send them a little "Happy Anniversary" gift, and they were kind enough to send us a picture.

We hope they enjoyed the cake & cupcakes




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  #59 (permalink)
Vancouver
 
 
Posts: 29 since Apr 2018
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Does cannon accept Canadian clients ?


Sent using the futures.io mobile app

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  #60 (permalink)
 
 
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Posts: 175 since Mar 2013
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@supreme23 why yes we do accept Canadian clients here at Cannon Trading. Please direct message us and we can provide you with more details


supreme23 View Post
Does cannon accept Canadian clients ?


Sent using the futures.io mobile app


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #61 (permalink)
Site Administrator
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Manta, Ecuador
 
Experience: Advanced
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Posts: 49,744 since Jun 2009
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Hi guys,

Cannon Trading has a new offer for Elite Members! Receive FREE Sierra Charts with Order Flow Studies!



To receive this offer, click the link below:
https://on.futures.io/cannon

To review all the Elite Member offers and all the savings available, use this link:
https://futures.io/elite_membership/

If you have any questions about this offer, or any questions about Cannon Trading, brokerage questions, platform questions, etc -- please feel free to reply to this thread so you can receive help and answers!

Mike

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  #62 (permalink)
Site Administrator
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Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
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Big Mike's Avatar
 
Posts: 49,744 since Jun 2009
Thanks: 32,292 given, 97,485 received

Hi guys,

It is my pleasure to welcome back Ilan Levy-Mayer @ Cannon Trading for our 351st webinar event, on Thursday, May 30th @ 12:00 PM Eastern US (special time).

The title for the event is "Live Day Trading the E-MICROS", and bullet points include:

- Live real-time trading the MES, MNQ, MYM and M2K
- What makes the new E-Micro’s special
- Real-time entries, exits and trade management
- Setting up your charts, DOM, and pre-defined exits
- Learn from Ilan’s more than 20-years of experience
- Live Q&A session, bring your questions
- 4 weeks FREE trial to proprietary indicators and ALGOS
- Note the special time @ 12PM ET!

Register for the event:
https://on.futures.io/6e8st



Link to primary event thread:


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  #63 (permalink)
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Experience: Advanced
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Big Mike's Avatar
 
Posts: 49,744 since Jun 2009
Thanks: 32,292 given, 97,485 received

Please note the special time for this event @ 12PM Eastern US to allow for live market trading.

Mike

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  #64 (permalink)
Johor, Malaysia
 
Experience: Beginner
Platform: Sierra Chart
Trading: CL, GC
 
Posts: 186 since Oct 2013
Thanks: 1,249 given, 187 received

Hi,

Would like to know when will Sierra Chart level 5 be available since Transact no longer provide free Sierra Chart Platform. Thank you.

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  #65 (permalink)
 
 
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Posts: 175 since Mar 2013
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mykee View Post
Hi,

Would like to know when will Sierra Chart level 5 be available since Transact no longer provide free Sierra Chart Platform. Thank you.

Hi I'm sorry for the late reply. If you lease Sierra Charts Level 5 independently through the Sierra website, you can plug in your TransAct information to receive the TransAct data feed from there. If you go through TransAct, you can only use Level 3 Sierra Charts. TransAct did create their own charts though that are free to you trade 10 round turns a month, otherwise it is $12.50 for the TransAct charts. I know it can be a bit confusing. Please feel free to PM me with any questions.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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