Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Anyone based in Europe using CQG IC through a US broker?
If you want to aggregate outright instruments and exchange traded strategies - advanced trading is enough. If you want to spread aggregated markets - you need to have a spreader.
Can you help answer these questions from other members on NexusFi?
Yes, this is correct. If you want to aggregate CBOT and ELX treasuries and trade them as combined liquidity pool - you should use aggregator. If you want to spread ELX against CBOT - you will need CQG Spreader. If you want to spread lets say cash treasuries (BTec or BGC) against combined pool of treasury futures of CBOT + ELX - you should use CQG Spreader too.
I am trading FDAX through Velocity using CQG Trader. I cannot compare it to TT because Velocity is having issues with the Eurex feed on TT, so i had to switch to CQG. CQG support moved my account to london for latency reasons. Orders are processed extremely fast (for me it is not humanly possible to even see the lag of clicking the dom and the order working on the exchange). Order processing once it gets to the CQG Server is ~0.04 seconds (the software shows you exactly when what happened, and latency to the CQG server is not included obviously).
Hope i contributed something, happy trading!
EDIT: since you are located in london, you will have very low latency to the european CQG servers.
the european order routing server is europe.cqgtrader.com if you want to ping it
"I don't even see the code anymore. I just see blonde, brunette, redhead..." -Cipher, The Matrix
Im getting 2 ms ping to that server but still can see the delay when clicking on the DOM for Stoxx 50. Its not huge and much better than it was with previous set ups so all good.
I havnt used my Velocity account for a while for that very reason. Had a friend got stuck in a few bunds a week or so ago when their Eurex connection went down! He couldnt get an answer when he tried to call them (was probable 4-5am Chicago time). Luckily for him the market had moved in his favour when it came back a little later but I think the lesson is 2 FCM's or 1 FCM+Spreadbetting a/c minimum.
That might be a problematic workaround / give a false sense of security.
Eurex connections go down from time to time (perhaps once in 3 months; may have nothing to do with the provider).
In my view there are safer solutions (work also if Eurex completely down):
- Use less leverage
- Offset Eurex bonds with US bonds (e.g. ZN..., a bit tricky of course)
- Offset bonds with (european) bond tracking ETFs
Workaround 2 & 3 need a bit of preparation in advance. Need to know how many contracts have to be bought/sold before feed goes down and perhaps even prepare the appropriate orders so that they can be fired in case.
currently i'm searching for a VPS in the UK to reduce latency. Currently i'm using NT which can't used for measuring latency at all. I've read that CQG Trader (free, isn't it?) have build in functions to measure data feed latency and execution round turn time.
1. Is that true and where are these functions in the menu structure (Screenshot would be great)?
2. Perhaps somebody from the UK can share their latency values.
3. Can anybody recommend a good hoster / VPS firm in the near of London?
Currently i can only use PING times to the Gateway, which isn't much reliable. I've asked CNS for their ping times: Minimum = 3ms, Maximum = 5ms, Average = 3ms - quite good so far.
