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TT is Trading Technologies and is used by many pros. CQG, TT, and the higher end services have server side order processing. You pay for what you get. I think an "Electronic License" at the CME requires that you average about 30 r/t per day to make it worthwhile. I trade p/t and average over 500/mo. but that really doesn't get me much. CQG has a low priced DOM but it is quirky in the sense that it's not straight forward like TT. I can get TT cheaper, maybe $600/m but that's for one exchange.
From what I've read about the retail business the average trader account size for most retail brokers is $3000.00. So they are probably on the phone all day looking for new traders who will run through their accounts and quit trading or reload. I always have two brokers, one as a safety and a second data feed.
There are locals who are trading 1000's of r/t's everyady in the large futures markets. Even the the few Locals who I knew well enough might have traded 500 or so--they were full members so commissions were 5 or 10 cents and free after $20k for the rest of the year.
Most brokers will negociate but you have to do more business. I understand that CQG has begun to provide data to brokers who will offer it "free", even for NinjaTrader.
I just opened a account with DeepDiscount thru Howard Lender and traded all week...I used CGQ Trader Platform and eveything went super smooth...I'm paying $2.16 for Bonds and Notes and $3.32 for mini S&P...ROUND TRIP. Great platform except CGQ has no volume histogram on the Depth of market ladder. There feeds are super fast...After 16 years trading, I rate this setup A++ Thanks Birch49
There is CQG Lite, trading only on a small dom for a very cheap price, the CQG trader (without charting) and CQG Integrated, the full blown CQG trading + charting.
