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Rithmic vs. CQG Question


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Rithmic vs. CQG Question

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  #1 (permalink)
SpencerEng
Salt Lake City Utah USA
 
 
Posts: 10 since Dec 2013
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For those of you who've used both feeds, do you have a preference and why? The demo's I've tested seem like I get a faster fill using CQG, and the quotes seem to be coming in a tiny bit faster than Rithmic. In live trading is CQG and Rithmic comparable with fills? Does it matter what FCM's you use with the data feed?

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  #3 (permalink)
 liquidcci 
Austin, TX
 
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Platform: ninjatrader, r-trader
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I have used both with Ninja. You will not be able to visually tell any difference in speed. They both are fast to fast for human eye to determine anything. I had nothing but problems with CQG feed. I wanted to like it because of the server side OCO but to many disconnects. This may not be everyones experience but for me it was not good.

Rithmic has been rock solid. If you need speed you can colocate with Rithmic directly and are tied directly into their engine. When I say directly you are on same router with the engine. Its not cheap but is worth it.

I also would not rely on demos to tell you anything as demo may be slower.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #4 (permalink)
 DavidHP 
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New Orleans, La (Mardi Gras City)
 
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liquidcci View Post
I have used both with Ninja. You will not be able to visually tell any difference in speed. They both are fast to fast for human eye to determine anything.

I disagree.
I can see the difference in the two feeds.
Especially on days like today (Fed Meeting release days)

All day the market has been slow.
Just before a Fed decision I always reboot my machine and restart NT.

I've noticed when the decision comes in there is a mass of data.
Just after the Fed announcement...
When I'm connected to CQG I get a lot of pausing and spurts of data and freezing.
When connected to Rithmic none of that exists.

I can connect to Rithmic and let it stream and get consistent data.
Then disconnect and connect to CQG and I get data then pauses then an ORANGE Connected from NT.
(That means it is still connected but not optimal)

If I disconnect and connect again to Rithmic, no data pauses.
Perhaps it is just my connection but it happens too often for me to think otherwise.

If I do a ping test I get consistent ping results with either connection to a third party IP address.

The slow down appears to only be between my NT and the CQG connection.

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  #5 (permalink)
 Jonson 
Russia, St.Petersburg
 
Experience: Advanced
Platform: NinjaTrader, CQG Desktop
Broker: NinjaTrader/CQG
Trading: Futures
 
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i use a rithmic and like it

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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  #6 (permalink)
 Jonson 
Russia, St.Petersburg
 
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Trading: Futures
 
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SpencerEng View Post
For those of you who've used both feeds, do you have a preference and why? The demo's I've tested seem like I get a faster fill using CQG, and the quotes seem to be coming in a tiny bit faster than Rithmic. In live trading is CQG and Rithmic comparable with fills? Does it matter what FCM's you use with the data feed?

t4 feed - try it too

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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  #7 (permalink)
 liquidcci 
Austin, TX
 
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@DavidHP I can't say I disagree with that. Typically it is almost impossible to see a feed difference with human eye. But under those circumstances where a lot of data is coming in I can see where would be easy to see. My experience with rithmic has personally been much better than CQG.


DavidHP View Post
I disagree.
I can see the difference in the two feeds.
Especially on days like today (Fed Meeting release days)

All day the market has been slow.
Just before a Fed decision I always reboot my machine and restart NT.

I've noticed when the decision comes in there is a mass of data.
Just after the Fed announcement...
When I'm connected to CQG I get a lot of pausing and spurts of data and freezing.
When connected to Rithmic none of that exists.

I can connect to Rithmic and let it stream and get consistent data.
Then disconnect and connect to CQG and I get data then pauses then an ORANGE Connected from NT.
(That means it is still connected but not optimal)

If I disconnect and connect again to Rithmic, no data pauses.
Perhaps it is just my connection but it happens too often for me to think otherwise.

If I do a ping test I get consistent ping results with either connection to a third party IP address.

The slow down appears to only be between my NT and the CQG connection.

FWIW


"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #8 (permalink)
 Keen4Snow 
Destin, FL / EU (Brno, Czech Rep.)
 
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Jonson View Post
i use a rithmic and like it

what's your access time to Rithmic servers?
I've got under 60 ms from central Europe when using Europe gateway.
Good job...It used to be 140 ms using standard Chicago gateway.

RTrader/Window/Preferences/Performance/Ping

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  #9 (permalink)
 Theodutchtrader 
Maastricht, The netherlands
 
Experience: Beginner
Platform: Ninjatrader and Multicharts
Trading: ES,NQ.YM and dutch stocks
 
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When you are a algo trader and you do trade the futures market you need CQG. CQG offers month of tick data rithmic offers only one day of tickdata.

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  #10 (permalink)
 Jonson 
Russia, St.Petersburg
 
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Platform: NinjaTrader, CQG Desktop
Broker: NinjaTrader/CQG
Trading: Futures
 
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Keen4Snow View Post
what's your access time to Rithmic servers?
I've got under 60 ms from central Europe when using Europe gateway.
Good job...It used to be 140 ms using standard Chicago gateway.

RTrader/Window/Preferences/Performance/Ping

hi
55 ms from central Europe

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
Reply With Quote
 
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  #11 (permalink)
 peanut 
Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
Posts: 15 since Jan 2015
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Keen4Snow View Post
what's your access time to Rithmic servers?
I've got under 60 ms from central Europe when using Europe gateway.
Good job...It used to be 140 ms using standard Chicago gateway.

RTrader/Window/Preferences/Performance/Ping


hi keen4snow,
how do you measure your time and is it possible to choose the gateway?
thanks!

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  #12 (permalink)
 mattz   is a Vendor
 
 
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peanut View Post
hi keen4snow,
how do you measure your time and is it possible to choose the gateway?
thanks!

On R-Trader, on the Recent Order Tab Window, within the Completed Order window, you have the ability to click on executed traders and clearly see the time it was received from you, when it was received by the exchange, etc
Look at the image I attached.


Hope this helps.

MattZ
Optimus Futures
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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.
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  #13 (permalink)
 hoolio 
Melbourne, Australia
 
Experience: Intermediate
Platform: NT8, Multicharts,Sierra
Broker: CQG, IB
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Posts: 97 since Mar 2013
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Hi

I'm based in Australia and have tried CQG (AMP), GAIN and Rithmic.
I have not tried TransACT.

I thought CQG would be better for me as they have a Sydney data center but I was wrong.

In terms of reliability and speed during busy times I would rank them 1. Rithmic 2. CQG 3. GAIN.

I am connected to the Rithmic Singapore server and so far it has been great and a pleasant change from GAIN's frequent downtime issues.

The only problem I have not solved is the 50 cents round trip routing fee for Rithmic compared to 20 cents for CQG or GAIN.

That adds up !!

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  #14 (permalink)
 neo2013 
Melbourne VIC Australia
 
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Platform: Sierra, Jigsaw
Broker: Tradovate , OEC
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hoolio View Post
Hi

I'm based in Australia and have tried CQG (AMP), GAIN and Rithmic.
I have not tried TransACT.

I thought CQG would be better for me as they have a Sydney data center but I was wrong.

In terms of reliability and speed during busy times I would rank them 1. Rithmic 2. CQG 3. GAIN.

I am connected to the Rithmic Singapore server and so far it has been great and a pleasant change from GAIN's frequent downtime issues.

The only problem I have not solved is the 50 cents round trip routing fee for Rithmic compared to 20 cents for CQG or GAIN.

That adds up !!

I use OEC\Gain here in Aus and for a broker feed, haven't had any issues at all. why pay $100\mth when u don't need too?

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  #15 (permalink)
 xplorer 
Site Moderator
London UK
 
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Platform: CQG
Broker: S5
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hoolio View Post
Hi

I'm based in Australia and have tried CQG (AMP), GAIN and Rithmic.
I have not tried TransACT.

I thought CQG would be better for me as they have a Sydney data center but I was wrong.

In terms of reliability and speed during busy times I would rank them 1. Rithmic 2. CQG 3. GAIN.

I am connected to the Rithmic Singapore server and so far it has been great and a pleasant change from GAIN's frequent downtime issues.

The only problem I have not solved is the 50 cents round trip routing fee for Rithmic compared to 20 cents for CQG or GAIN.

That adds up !!

hi hoolio - I want to verify whether you have access to different pricing for CQG. My understanding is that to every trade via CQG you need to add a 25 cents routing fee - works out as 50 cents round trip too.

Do you have different prices?

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  #16 (permalink)
 hoolio 
Melbourne, Australia
 
Experience: Intermediate
Platform: NT8, Multicharts,Sierra
Broker: CQG, IB
Trading: YM,CL,GC,6E,6J
 
Posts: 97 since Mar 2013
Thanks: 83 given, 60 received

My understanding is CQG is 10cents routing per side and Rithmic is 25cents routing per side.

Your mileage may vary

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  #17 (permalink)
 xplorer 
Site Moderator
London UK
 
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hoolio View Post
My understanding is CQG is 10cents routing per side and Rithmic is 25cents routing per side.

Your mileage may vary

Ok, thanks. It may be that your volume is higher so that your rate is lower, or you may have a better deal.

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  #18 (permalink)
 syswizard 
Philadelphia PA
 
Experience: Advanced
Platform: Multicharts
Broker: Ironbeam, Rithmic
Trading: Emini ES / NQ
 
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Guys - Can anyone provide an update on this thread ?
I am moving away from Interactive Brokers due to their outrageous margin requirements for both ES ($13,200) and NQ ($17,600).
I am going to go thru Optimus Futures and clear thru either CQG or Rhythmic thru their API.
I will not be using their data feeds, nor their trading platforms.
My set-up is Multicharts 14 for charting and placing trades; IQFeed.net as the data feed.
Any and all comments greatly appreciated.

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  #19 (permalink)
 TraderMich 
Copenhagen + Denmark
 
Experience: Advanced
Platform: Sierra Chart
Broker: Broker: Trade Future 4 Less. Data Feed/Order routing: CQG
Trading: DAX Future
 
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syswizard View Post
Guys - Can anyone provide an update on this thread ?
I am moving away from Interactive Brokers due to their outrageous margin requirements for both ES ($13,200) and NQ ($17,600).
I am going to go thru Optimus Futures and clear thru either CQG or Rhythmic thru their API.
I will not be using their data feeds, nor their trading platforms.
My set-up is Multicharts 14 for charting and placing trades; IQFeed.net as the data feed.
Any and all comments greatly appreciated.

Hi

As far as I understand Rithmic and CQG are not clearing houses, but data providers and they also have trading platforms.

Personally, I use Sierra Charts as trading platform and CQG as data provider.

I have never had any problem whatsoever with CQG date - I used them the last 3 years. I trade on low time frames 10 secs. up to 1:30 - 2:00 Min. So very fast and reliable data feed is of essence to me.

I have never treid Rithmic date feed but with CQG it is the human eye/brain that is the limitations not the data feed. The difference between Rithmic and CQG is that Rithmic are prices at 0,5 USD R/T where as CQG are priced at 0,1 USD R/T with a fee of 20, - USD/Month - There is no minimum amount attached to the CQG price.

Your choice depends on you trading style and number of contracts traded per month.

Hope it was a help otherwise please feel free to ask again.

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  #20 (permalink)
 Fatfish 
South Africa
 
Experience: Beginner
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Broker: AMP, CQG
Trading: ES
 
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TraderMich View Post
Hi

As far as I understand Rithmic and CQG are not clearing houses, but data providers and they also have trading platforms.

Personally, I use Sierra Charts as trading platform and CQG as data provider.

I have never had any problem whatsoever with CQG date - I used them the last 3 years. I trade on low time frames 10 secs. up to 1:30 - 2:00 Min. So very fast and reliable data feed is of essence to me.

I have never treid Rithmic date feed but with CQG it is the human eye/brain that is the limitations not the data feed. The difference between Rithmic and CQG is that Rithmic are prices at 0,5 USD R/T where as CQG are priced at 0,1 USD R/T with a fee of 20, - USD/Month - There is no minimum amount attached to the CQG price.

Your choice depends on you trading style and number of contracts traded per month.

Hope it was a help otherwise please feel free to ask again.


Rithmic order routing fees are 0.10 USD per side per contract.

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  #21 (permalink)
 TraderMich 
Copenhagen + Denmark
 
Experience: Advanced
Platform: Sierra Chart
Broker: Broker: Trade Future 4 Less. Data Feed/Order routing: CQG
Trading: DAX Future
 
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Fatfish View Post
Rithmic order routing fees are 0.10 USD per side per contract.

I have only seen Rithmic at 0,5 USD RT ( 0,25 USD per side) but if some brokers are offering at 0,1 per side that is good, but it is still twice the price of CQG.

If you are trading a lot of contracts it might e a good idea to look for someone tht has a cap on the monthly fee.

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