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Looking for broker supporting Sierra Chart Teton Futures Order Routing


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Looking for broker supporting Sierra Chart Teton Futures Order Routing
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   #1 (permalink)
 SafruAI 
Elite Member
Bingen
 
Platform: Sierra
 
Posts: 30 since Jun 2019
Thanks: 24 given, 25 received

Hello,

I use SierraChart as trading platform.

Currently I use AMP as a broker. Since they do not offer Sierra Chart Teton Futures Order Routing (https://www.sierrachart.com/index.php?page=doc/SierraChartDirectOrderRoutingService.php), I plan to choose another one.

Absence of not offering Sierra Chart Teton Futures Order Routing, I am not completely satisfied with AMP services. I am disturbed by following points:

- Incomprehensible Trading Statement
- Weak Customer Service Platform
- Insufficient tools to implement risk management limits at broker level (daily risk limit, max. number of contracts) + difficult to monitor risk limits --> Actually you have to chat with customer help desk in order to implement limits.

My desired broker would offer following services:

- Clear and easy to understand Trading Statement
- wide variety of risk managment tools, which can be implemented at a broker level comparable to tools prop firms use (daily risk limit, daily draw down limit, max. number of contracts per ticker, ...) + comfortable way to implement and monitor risk limits.

Who can say anything about those dersired services offered by following brokers (which offer SC Teton):

Stage 5 Trading (Broker)
Edge Clear (Broker)
Ironbeam (Clearing firm)
Trade Pro Futures (Broker)
AGN Futures (Broker)
Canon Trading (Broker)
Sweet Futures (Broker)
DeepDiscountTrading (Broker)
Optimus Futures (Broker)
Advantage Futures (Clearing firm)
Dorman Trading (Clearing firm)
Phillip Capital (Clearing firm)

thanks in advance.

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   #2 (permalink)
 jmcli 
Elite Member
France
 
Experience: Intermediate
Platform: SierraChart / Denali Feed
Broker: Interactive Brokers
Trading: ES NQ DAX CL
 
Posts: 9 since Dec 2011
Thanks: 145 given, 12 received

Using EdgeClear since August with SC / Teton: fully satisfied.
Hundreds of orders, perfect exec. Can't say anything bad.

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   #3 (permalink)
 Liberty88 
Elite Member
Chicago, USA
 
Experience: Beginner
Platform: Ninja. trying Sierra...
Broker: Ninja, Stage 5 for Sierra
Trading: Futures: CL, GC, Equities
 
Posts: 23 since Nov 2021
Thanks: 3 given, 11 received


I'm using Stage 5 Introducing Broker with Advantage Futures Clearing Firm. Excellent combination supporting Denali data and Teton order routing for Sierra Charts.

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   #4 (permalink)
 captainboom 
Elite Member
Kalamazoo, Michigan
 
Experience: Advanced
Platform: Sierra, EdgeProX
Broker: EdgeClear, Rithmic, Denali
Trading: ES, MES
 
Posts: 2 since Dec 2019
Thanks: 4 given, 2 received

I use EdgeClear with Phillip Capital clearing for over a year. Very happy with service, execution, and support.

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   #5 (permalink)
 mataman 
Elite Member
Ankara, Turkey
 
Experience: Advanced
Platform: Sierra Chart, Thinkorswim
Broker: IBKR, Stage5, Rithmic
Trading: Futures, Stocks, Options
 
Posts: 1 since Apr 2022
Thanks: 11 given, 0 received

I'm using Stage 5 Introducing Broker with Advantage Futures Clearing Firm. Excellent combination of Denali data and Teton order routing for Sierra Charts.

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   #6 (permalink)
 Arch 
⍺
W.Coast, USA.
 
Experience: Intermediate
Platform: Anything
Trading: Emini
 
Posts: 310 since Jul 2017
Thanks: 99 given, 358 received


SafruAI View Post
Hello,

I use SierraChart as trading platform.

Currently I use AMP as a broker. Since they do not offer Sierra Chart Teton Futures Order Routing (https://www.sierrachart.com/index.php?page=doc/SierraChartDirectOrderRoutingService.php), I plan to choose another one.

Absence of not offering Sierra Chart Teton Futures Order Routing, I am not completely satisfied with AMP services. I am disturbed by following points:

- Incomprehensible Trading Statement
- Weak Customer Service Platform
- Insufficient tools to implement risk management limits at broker level (daily risk limit, max. number of contracts) + difficult to monitor risk limits --> Actually you have to chat with customer help desk in order to implement limits.

My desired broker would offer following services:

- Clear and easy to understand Trading Statement
- wide variety of risk managment tools, which can be implemented at a broker level comparable to tools prop firms use (daily risk limit, daily draw down limit, max. number of contracts per ticker, ...) + comfortable way to implement and monitor risk limits.

Who can say anything about those dersired services offered by following brokers (which offer SC Teton):

Stage 5 Trading (Broker)
Edge Clear (Broker)
Ironbeam (Clearing firm)
Trade Pro Futures (Broker)
AGN Futures (Broker)
Canon Trading (Broker)
Sweet Futures (Broker)
DeepDiscountTrading (Broker)
Optimus Futures (Broker)
Advantage Futures (Clearing firm)
Dorman Trading (Clearing firm)
Phillip Capital (Clearing firm)

thanks in advance.

if you find a broker with such risk management, let us know!

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   #7 (permalink)
 jmcli 
Elite Member
France
 
Experience: Intermediate
Platform: SierraChart / Denali Feed
Broker: Interactive Brokers
Trading: ES NQ DAX CL
 
Posts: 9 since Dec 2011
Thanks: 145 given, 12 received

I found internal Sierra Chart risk management useful:
- Global Profit/Loss Management
- Symbol settings: Global Position Limit and per symbol Trade Position/Order Quantity Limit.
Sure, one must refrain from giving in to the urge to unlock these settings during the session: this is the weak point of a client-side risk management device.
However these settings are cumbersome to unlock; this can give the opportunity to step back and ask am I really doing this ? Or should I better call it a day ?
Just my 2 cents.
Happy trading

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   #8 (permalink)
 SBtrader82 
Market Wizard
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SBtrader82's Avatar
 
Posts: 561 since Feb 2018
Thanks: 217 given, 1,293 received

I use Dorman, and it's ok.... never had any issue.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
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   #9 (permalink)
 Arch 
⍺
W.Coast, USA.
 
Experience: Intermediate
Platform: Anything
Trading: Emini
 
Posts: 310 since Jul 2017
Thanks: 99 given, 358 received


jmcli View Post
I found internal Sierra Chart risk management useful:
- Global Profit/Loss Management
- Symbol settings: Global Position Limit and per symbol Trade Position/Order Quantity Limit.
Sure, one must refrain from giving in to the urge to unlock these settings during the session: this is the weak point of a client-side risk management device.
However these settings are cumbersome to unlock; this can give the opportunity to step back and ask am I really doing this ? Or should I better call it a day ?
Just my 2 cents.
Happy trading

the main benefit of broker or exchange level risk management is in the event of client system failures, you have a level of guarantee your active order won't be exposed to unlimited risk.

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The following 2 users say Thank You to Arch for this post:
 
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   #10 (permalink)
 SafruAI 
Elite Member
Bingen
 
Platform: Sierra
 
Posts: 30 since Jun 2019
Thanks: 24 given, 25 received



jmcli View Post
I found internal Sierra Chart risk management useful:
- Global Profit/Loss Management
- Symbol settings: Global Position Limit and per symbol Trade Position/Order Quantity Limit.
Sure, one must refrain from giving in to the urge to unlock these settings during the session: this is the weak point of a client-side risk management device.
However these settings are cumbersome to unlock; this can give the opportunity to step back and ask am I really doing this ? Or should I better call it a day ?
Just my 2 cents.
Happy trading

thanks. I am aware of this SC Global Profit/Loss Management. Actually I worked with a programmer in order to get a more enhanced version of this SC internal risk management. here is the result (https://forgivingcomputers.com/announcing-advanced-risk-management-tool/).

But truth is - as Arch said - in order to really avoid tail risk (either technically or human behavioral based), broker or exchange level risk management increases your level savety dramatically. therefore I am looking for the best available broker based solution for retail clients...

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