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My comments are just a result of the trend that I see not only in the finance/trading industry but worldwide. Downloadable software is becoming a thing of the past. Web-based products can run on any operating system, any mobile device and if you wish to upgrade to a new version you do not have to do anything.
Consider what a hassle it is today to demo a downloadable product. Download, then insert data, then connect.
Now look at the CQG desktop; it takes about 30 seconds to get the demo up and running.
The reality is that downloadable software has become expensive to maintain and support. We saw TT, CQG and MarketDelta cloud migrate to web-based execution.
From the CQG products, I am a big fan of CQG Trader. It is a downloadable product. But, just because I like, it does not mean that I can't see the industry trend.
What we see now is gen one of web-based applications and I sure that we will see significant upgrades in latency and design in the years to come.
Thanks,
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.
1 800 771 6748 local 561 367 8686 email [email protected]
Agree, CQG M (Desktop) is not terribly user-friendly yet for trading, order entry and changes are cumbersome, slow and the charting capability is still very rudimentary. I think if CQG ends up forcing users into that they will lose business. Just imo. CQG has a lot of great technology, but in my view they are a bit scattered when it comes to product offerings. IC is great but lacks some simple things, and the a la carte pricing is way out of line with what other platforms can do for a fraction of the cost now (ie Sierra).
My personal rant here but I own a number of platforms and have leased many others and many are so close to being great, but fall short by simply missing one or two things that they could add but simply refuse to. So you need multiple platforms for charting and execution and multiple data fees/accounts then they want to consider you a pro for fees, it's all a mess. The industry badly needs to get its act together, imo.
Yes, I didn't know Futures business is mess up like this. I regret I decided to migrate from Forex to Futures. Forex is much simpler and well-structured/shaped under the common standard....
This is a discussion of one platform. It is not representative of the Futures world.
Most find the Futures world rather standardized, except that you just have to choose the right software for it.
If you were able to manage the FX world where every broker makes his/own her spreads, swaps, etc. you could manage the Futures world (in my opinion).
Thanks,
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.
1 800 771 6748 local 561 367 8686 email [email protected]
Agree with this, the Forex world might seem simpler with most users using MT4 or MT5 and everything seems free but you pay for it in spread.
Futures are regulated, and you trade in standard sized bites with known commissions fees, plenty of liquidity etc.
The issue I have with futures sometimes is that with 3rd party platforms some can do this or that well but not options too, for example. So I end up running 2-3 platforms, charting, execution, and orderflow etc. It can be a pain.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
