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Also their position screen doesn't show the price you purchased or current price. Only p/l. So if you scale in our out it is hard to determine what your avg price is. Also order entries are not indicated on the chart.
Again not too serious, but hindrances that can make it hard to effectively trade live.
**Found it on Watchlist, it shows your position and avg price. avg price is missing from DOM as well.
EDIT: Position is on Watchlist, but avg price is not. There is no way to see avg price from what I can find.
There is a 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]
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There is a 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]
Like you Mike I too am excited about this move to cloud solutions. I am not as technical as you, but what I don't understand is why other trading software houses are not further down this path of providing a cloud version.
For instance take Sierra Charts. I suspect most users operate SC with only the in-built studies (as opposed to say NT where a lot of users probably user indicators not written by NT) so what is so hard then for SC to port their product to the cloud?
When you say as far as you know only MarketDelta and TT are there right now, were you aware of CGQ's product CQG M | [AUTOLINK]CQG[/AUTOLINK], Inc.. Or is there some reason this does not fit your view of a cloud solution?
Neither CQG or TT actually satisfy my needs at present (but at least it is a start) - and I will have a look at MarketDelta to assess their fit.
This concept of Cloud solution for trading has to be proved.
Could Solution works well for typical office applications. Its main advantage is cost reduction and centralization.
In trading, our applications are time sensitive. Even delay in milliseconds would cause slippage. In a typical desktop application, when we submit an order on the DOM, the trading platform submits the order directly to the exchanges using the API (direct) interface. In the Cloud solution, the DOM actually runs on the Servers in the cloud. Submitting an order becomes a two-step process. Servers first receive the order from the client (us) and then submits it to the exchanges which could potentially induce additional latency.
Another concern is, latency of DOM itself. Typically, DOM residing on our computers receives the raw tick stream . In the cloud implementation, either the DOM is generated on the servers with on the servers, and the data is encapsulated by additional protocols before it is sent clients. I would guess there would be additional latency involved.
I would remain skeptical until it is proven that cloud solution is as fast as the desktop solution.
Thanks. You must be a scalper to be worried about the risk of a liitle bit of an increase in latency. Look at my profile out to the LHS of this post and note where I live - I can only dream about the lack of latency where you live. But in any event my trading style is not going to be impacted by it. Rather, the cloud will give me huge benefits as my biggest risk being so far away is losing internet connection with the USA and maybe even phone connection at the same time.
Just as an aside a TT representative posted the following comment on another forum suggesting overall latency is actually improved overall compared to their other platforms:
"This platform's automated trading components (Autospreader, ADL, and custom code algos) are significantly faster than X_TRADER. For example, in our lab, autospreader hedge latency for X_TRADER is 315us while for TT it's 110us. On "nirvana" setups, they are 260us and 60us respectively. We expect that latency on a "nirvana" setup to be closer to 40us by the end of the year."
and this from TT's product web page:
"All orders entered through TT execute on co-located servers for ultra-low-latency performance. In fact, tests show the new architecture performs faster than TT's existing technology. And TT provides transparency into internal latency numbers so you can adjust and optimize performance."
Orders are sent to the exchange DIRECTLY, through a direct-connect.
The data on the DOM is directly from CQG. Put it side by side with your desktop DOM.
Matt
Optimus Futures
There is a risk of loss in futures trading. Past performance is not indicative of future trader.
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]
I intend to visually inspect both DOMs are keeping. There is no way for me to test the order execution differences for me.
The point I am trying to make is, my desktop DOM (MarketDelta Trader) is directly connected to CQG, so the orders are sent directly to CQG from my desktop. If I am not wrong, the Cloud DOM order first goes to the Cloud Servers and then to CQG. Someone has to measure the latency penalty.
