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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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Posts: 1,644 since Jan 2010
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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)
Los Angeles, CA /USA
 
Experience: Master
Platform: Sierra, CQG, Gain, Transa
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Posts: 173 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)
Los Angeles, CA /USA
 
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Posts: 173 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)
Los Angeles, CA /USA
 
Experience: Master
Platform: Sierra, CQG, Gain, Transa
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CannonTrading's Avatar
 
Posts: 173 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)
Los Angeles, CA /USA
 
Experience: Master
Platform: Sierra, CQG, Gain, Transa
Trading: Crude Oil
 
CannonTrading's Avatar
 
Posts: 173 since Mar 2013
Thanks: 50 given, 141 received


talking to mgmt over there makes me believe its a matter of weeks.

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