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Ironbeam - Mike Murphy (Director of Trading) - Ask Me Anything (AMA)


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Ironbeam - Mike Murphy (Director of Trading) - Ask Me Anything (AMA)

  #51 (permalink)
 
Ironbeam's Avatar
 Ironbeam   is a Vendor
 
Posts: 93 since Jan 2018
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Thanks Received: 81


Damitsall View Post
Basically, thats what I was looking for. Just to add on to that, instead of changing the red line (for your average entry point), maybe use some other type of marker on the DOM to indicate you have a position there, which could be a different color line, or even just a blue or red triangle in the top left corner of market price where your position is, maybe even use a number in the corner to signify how many contracts you have at a particular price.

Just some ideas how to put it on the DOM. It would just be a lot easier to be able to take a peak at the DOM and see all your current positions.

Thanks again for even reading suggestions. I think that says a lot about IronBeam.

Thanks for the suggestion! I forwarded it over to our development team. I'm not sure how it will be prioritized but I like the idea and hope to see it in future updates. I'll let you know if/when it is added.

Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
Follow me on Twitter

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  #52 (permalink)
 
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 Ironbeam   is a Vendor
 
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JPatFIO View Post
Motivated by the information I found on this fine site, I'm considering moving to Ironbeam. I've seen some of the videos; however, the Ironbeam Firetip X platform does not have a comprehensive Users Guide, Help Library or other written documentation, which would have been helpful.

Anyway, from what I can determine, Firetip X has no Order Type that is similar to Trading Technologies' TT Trailing Limit Order. That order type is well-documented here:

library.tradingtechnologies.com/trade/tto-trailing-limit-order.html

And none of Firetip X's existing built-in Order Types accommodates a Start Time (like most Trading Technologies' orders do).

Maybe I overlooked something; so, is all of this correct and if so, can these features be added sometime soon?

Hey there-

You are correct about the trailing limit order, we do not currently have that. I did forward over your link and post to our development team to see if it would be something we can implement.

As for the written guide, I can send you a copy via email. Please DM me and I can send you the full guide as well as API / Formula documentation.

Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
Follow me on Twitter
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  #53 (permalink)
 
Ironbeam's Avatar
 Ironbeam   is a Vendor
 
Posts: 93 since Jan 2018
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madeinnyc View Post
The questions were posted last week during the live AMA webinar (in the chat box)

I was just provided with the questions transcript from the Q&A and it looks like I did miss your questions somehow, although about 14 minutes in I had already covered MBO/Rithmic. I apologize, I assure you it was not intentional as this is a pretty easy one to answer.

The answer to your first two is yes, the data will be identical as it is supplied from CME (Bookmap receives the same MBO data as us).

The answer to your last questions is I am not sure. There are too many trading platforms out there for me to be intimately familiar with. But I know that the first step will be simply adding MBO to the DOM/ladder so that you can see buy/sell order sizes at every price increment instead of the standard ten levels.

I should also politely add that we did our best with the AMA (it is our first) and I genuinely thought we got to all of the questions.

Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
Follow me on Twitter
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  #54 (permalink)
Damitsall
Orlando FL USA
 
Posts: 4 since Jul 2020
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Ironbeam View Post
Thanks for the suggestion! I forwarded it over to our development team. I'm not sure how it will be prioritized but I like the idea and hope to see it in future updates. I'll let you know if/when it is added.

Thank you, I appreciate how you guys handle suggestions.

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  #55 (permalink)
madeinnyc
Highland Park, TX
 
Posts: 36 since Jan 2020
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Ironbeam View Post
I was just provided with the questions transcript from the Q&A and it looks like I did miss your questions somehow, although about 14 minutes in I had already covered MBO/Rithmic. I apologize, I assure you it was not intentional as this is a pretty easy one to answer.

The answer to your first two is yes, the data will be identical as it is supplied from CME (Bookmap receives the same MBO data as us).

The answer to your last questions is I am not sure. There are too many trading platforms out there for me to be intimately familiar with. But I know that the first step will be simply adding MBO to the DOM/ladder so that you can see buy/sell order sizes at every price increment instead of the standard ten levels.

I should also politely add that we did our best with the AMA (it is our first) and I genuinely thought we got to all of the questions.

Hey Guys! I just wanna say, "Thank You" for going through the effort to find my questions! I do appreciate the response! I really goes to show that you guys are committed to providing good customer service which is a biggie to me.

I've been hesitating to sign-up with @Bookmap. When I heard u guys mention u were implementing MBO data it was music to my ears! I am interested to learn more as you develop that side of your platform. Please keep me posted.

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  #56 (permalink)
LeftShoe
Victoria, BC
 
Posts: 3 since Jul 2020
Thanks Given: 8
Thanks Received: 2

Greetings.

I'm a little late with my question, but I am just reaching the point where it has become relevant. I did go back and review all of the questions and answers related to joining IronBeam as a Canadian trader. However, I have the following additional question, if you would be so kind.

I do have a USD bank account. I have the MICR-encoded account number.
Question: Will it be possible to deposit and withdraw money from the IronBeam account by connecting my bank account to my trading account?
If so, are there any fees associated with depositing/withdrawing?
If not, what are the options for Canadian clients?

Thanks.

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  #57 (permalink)
 
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LeftShoe View Post
Greetings.

I'm a little late with my question, but I am just reaching the point where it has become relevant. I did go back and review all of the questions and answers related to joining IronBeam as a Canadian trader. However, I have the following additional question, if you would be so kind.

I do have a USD bank account. I have the MICR-encoded account number.
Question: Will it be possible to deposit and withdraw money from the IronBeam account by connecting my bank account to my trading account?
If so, are there any fees associated with depositing/withdrawing?
If not, what are the options for Canadian clients?

Thanks.

Hey there,

You can fund via your bank account as long as the account is in your name. You can deposit via ACH at no charge if you have a US bank account. If your bank account is Canadian, you would need to fund via either check or wire. You can withdraw for free via check. Wire withdrawals are $40, or $60 if international.

Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
Follow me on Twitter
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  #58 (permalink)
 
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 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
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Liv Pro View Post
Hello,

Re: Ironbeam w/ CME trading business, 2 questions please:

- do you receive TransferWise trading account deposits?
- what's the total commission and fees for a roundtrip (1 futures contract in and 1 out) for trading MES futures?

Thanks and looking forward,
Liv

I am giving this a bump. It originally was posted in another thread, and may have missed receiving attention at the time. Today I copied it into this thread, but it came in with the original date, which is in the past. So I am bumping it so @Ironbeam will have the opportunity to see it and respond to @Liv Pro's questions.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #59 (permalink)
 
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 MWG86 
Winnipeg, MB Canada
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Ironbeam with CQG via Optimus
Trading: MES
Posts: 688 since Jul 2015
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Hi, I'm an Ironbeam client through Optimus, currently using CQG data within Sierra Charts and have a couple of questions for you.


First question is on CQG's full suite of data. I'm looking for real-time cash index as well as equity data which CQG has. After speaking with Optimus this afternoon they have advised that Ironbeam doesn't offer this data though. Is there a reason for this? I believe that these data options are available through other brokers so was curious as to why you don't have them.

Second question regards the TT/Sierra connection. You've mentioned above that you do not currently support this. Is there any intention of doing so in the future? Sierra's data options seem to be expanding (and include cash indices as well as equities) and are reasonably priced. If the full suite of CQG data isn't available, having Sierra's Denali feed as an executable option would be great and would eliminate the need to subscribe to 2 different data sources.

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  #60 (permalink)
 
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MWG86 View Post
Hi, I'm an Ironbeam client through Optimus, currently using CQG data within Sierra Charts and have a couple of questions for you.


First question is on CQG's full suite of data. I'm looking for real-time cash index as well as equity data which CQG has. After speaking with Optimus this afternoon they have advised that Ironbeam doesn't offer this data though. Is there a reason for this? I believe that these data options are available through other brokers so was curious as to why you don't have them.

Second question regards the TT/Sierra connection. You've mentioned above that you do not currently support this. Is there any intention of doing so in the future? Sierra's data options seem to be expanding (and include cash indices as well as equities) and are reasonably priced. If the full suite of CQG data isn't available, having Sierra's Denali feed as an executable option would be great and would eliminate the need to subscribe to 2 different data sources.

If it's ok with you I'd like to address this because you are our customer:
1) Here are the data points that CQG can enable Here
If Iron Beam can enable, we can request it. As you see, these are not free.

2) Iron bean does not have the TT/Sierra execution. However, you can see get their data (denali) and execute via your CQG. Denali is viewable data, not executable data. This is to the best of my understanding.

I have not seen any significant improvement in TT over Rithmic or CQG in terms of execution.
Maybe user experience is different, so again, this is just an opinion.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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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