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Experience with Velocity Futures?


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Experience with Velocity Futures?

  #111 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
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h4cked View Post
Very Good...
After a technically annoying time with Zenfire and IB, Big Mike recommended Velocity (I have also moved over to the full CQG IC, something I have been wanting to do for 5 months), I have to say the opening process the dialogue with Dale Box and their entire operation from application to first order fill has been amazing.

7 years with IB makes you happy when someone answers an email within 1 week.

Mike, thanks for the great posts on your experinces with Velocity and the demos on X-Trader.
I now start the mammouth task of moving all my code to CQG
Adam

With IB, I always call the trade desk by phone, I always get to talk to someone, after the ncessary wait time (less then a week ) The person at the other end of the phone is generally nasty, and thinks they are doing you a favor by picking up the phone, but at least they generally answer in my experience.

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  #112 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
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MetalTrade View Post
$0.2 RT extra to use Ninja on Velocity TT. Because of the static DOM. But what if you don't use the static DOM in Ninja ? Too bad, you still pay the $0.2 RT EXTRA .... pffffffff, that sucks !!!

I don't know why people use NT's crappy dynamic DOM, when they have probably the best chart trader on the market !!!

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  #113 (permalink)
 sysot1t 
 
Posts: 1,173 since Nov 2009


this might be of interest to some of you..

https://www.futuresmag.com/Issues/2010/December-2010/Documents/Top50_2010.pdf

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  #114 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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sysot1t View Post

I always liked the number "42".

https://lmgtfy.app/?q=what+is+the+answer+to+life+the+universe+and+everything

It is interesting to compare the other stats (not just the rank).

Mike

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  #115 (permalink)
 Sawtooth 
Prescott AZ USA
 
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MetalTrade View Post
Something I don't understand is that if you pay yourself for X-trader or you pay for yourself for Ninjatrader the comissions are higher for Ninjatrader than for trading withX-trader.

why is that ? I mean, you pay in both cases for the software, that is no cost to Velocity, why is ninjatrader more expensive ?

I don't get it.

Here is why commissions for Ninja/TT are slightly higher:

https://www.tradingtechnologies.com/news/050714_NinjaSettlement.pdf

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  #116 (permalink)
 
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 h4cked 
England
 
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velocity have to pay TT for x-trader hence the free version is more per r/t
The same applies for Ninja

If you do more than 900 contracts per side per month it's cheaper to have one of the major platforms CQG or X-Trader pro.

Adam

You have to enjoy it.
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  #117 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010


tomgilb View Post
Here is why commissions for Ninja/TT are slightly higher:

https://www.tradingtechnologies.com/news/050714_NinjaSettlement.pdf

You also have to pay TT per trade if u use ninjatrader even if you don't use the patented dom, I don't think many people know that.

They all think their datafeed is free, it isn't.

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  #118 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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@hoeman

Continuing our discussion from the Deep Discount thread:

post 46 and forward...

I spoke to @Dale Box at Velocity, and he set me straight on a few things. So it seems I was wrong, you can't just select TT FIX and use it in NT. Even if you own a lifetime license of NT, you still have to pay NT royalties which they collect and then disperse to TT. So you are paying a premium on every trade for the privilege of using NT it seems.

So that brings us up from 3.60/rt on ES to 3.80/rt on ES. I am not sure about your Deep Discount guy, what or if/how the TT patent royalties enter that equation. Maybe the feed is Zen instead of TT.

Mike

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  #119 (permalink)
 
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 LukeGeniol 
Italy (IT) Italy
 
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The solution? Use SierraChart!!

Take your Pips, go out and Live.
Luke.
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  #120 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010


No, it's TT with Deepdiscountrading.

Like I said, many people don't have an idea how much we pay left and right to everybody.

One of the cheapest trading is with sierracharts.

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