Looking for a new platform/broker for my futures spread trading.... - Platforms and Indicators | futures io social day trading
futures io futures trading


Looking for a new platform/broker for my futures spread trading....
Updated: Views / Replies:2,877 / 19
Created: by SpreadOption Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Looking for a new platform/broker for my futures spread trading....

  #11 (permalink)
 Vendor: www.optimusfutures.com 
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,206 since Sep 2010
Thanks: 2,136 given, 3,092 received
Forum Reputation: Legendary

@SpreadOption You have a number of solutions.

We carry a mobile application called OTG Mobile Trader on iTunes.
You can play with it and see if it meets your needs.
The customers we have who use it are doing so via Rithmic.
If you like the app, we can find a platform that is Rithmic based.

Also, you can try CQG Q Trader which may work with m.cqg.com

TT is legendary, but I don't know their mobile iPhone side.

Matt
Optimus Futures

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

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
 
  #12 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Ninja
Favorite Futures: ES, Ym, NQ, VTI, SPY, VXUS
 
Posts: 172 since Jan 2013
Thanks: 797 given, 301 received

i traded spreads for many years. used TT autospreader when it was first released. it was awesome for the first few years (2002 to 2007) but was somewhat worthless when HFT came to dominate the market. A lot of slippage with TT autospreader. Some great fills and then some horrible fills.

fyi, if u trade treasury spreads the exchange has a spread market (think it is called Implied Ratio spreads) that automatically execute you order....no slippage. This was especially good in busy market conditions.

i am not sure what the monthly cost is now for autospreaders but my guess is that it is probably not worth the cost. u will get some bad fills. HFT's will be faster than u.

The Market is Smarter than You Are
Reply With Quote
 
  #13 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,449 since Jun 2009
Thanks: 3,645 given, 4,113 received



tflanner View Post
...

i am not sure what the monthly cost is now for autospreaders but my guess is that it is probably not worth the cost. u will get some bad fills. HFT's will be faster than u.

AFAIK the licensing costs are around $1.4k/month.
I tended to think like you but if our legenday @SMCJB is running 100s of autospreader on a $15K server I assume it still possible to make money with spreads without diving in the μ/nano second world and stay in the millisecond world.

Success requires no deodorant! (Sun Tzu)
Reply With Quote
 
  #14 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: Stocks
 
Posts: 963 since Jul 2012
Thanks: 647 given, 1,970 received


tflanner View Post
i am not sure what the monthly cost is now for autospreaders but my guess is that it is probably not worth the cost. u will get some bad fills. HFT's will be faster than u.

I'm not familiar with the product but taking a look at the website, it seems that the intended value-add comes from the GUI and not the speed of execution. Obviously if you're interested in fast, programmatic access, you wouldn't be using a UI-oriented product.

Reply With Quote
 
  #15 (permalink)
Trading Apprentice
Austin, Texas
 
Futures Experience: Beginner
Platform: TT
Favorite Futures: CL
 
Posts: 5 since Dec 2015
Thanks: 2 given, 0 received

Yours is rack mounted and co-located I guess. I am trying to build a home server to run TT X_Trader or other platforms to do spread trading.

Reply With Quote
 
  #16 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,497 since Dec 2013
Thanks: 2,030 given, 4,302 received
Forum Reputation: Legendary

I replied to this thread yesterday and now it's not here. @Big Mike?
2:53pm Central


Last edited by SMCJB; December 17th, 2015 at 03:08 PM. Reason: added time
Reply With Quote
 
  #17 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,497 since Dec 2013
Thanks: 2,030 given, 4,302 received
Forum Reputation: Legendary


sam028 View Post
AFAIK the licensing costs are around $1.4k/month.
I tended to think like you but if our legenday @SMCJB is running 100s of autospreader on a $15K server I assume it still possible to make money with spreads without diving in the μ/nano second world and stay in the millisecond world.

I'll try and recap what I said yday but don't have the time.

Energy has dozens (>100) electronically traded contracts, most with multiple years of forward contracts, which when combined with the weakness of matching engines leaves a lot of low-risk spread and butterfly opportunities.

Saying that I would not recommend a) doing it from a non-colocated server b) spreading/arbing like instruments (ICE WTI vs CME CL) or c) trying to leg anything that is exchange listed as a spread.

Re costs it's all a matter of scale. I agree sam's numbers are close. So lets say $15k for a server that lasts 3 years = $420 month. $500/month in hosting + $1400/month in software = $2320 a month.
  • If you leg a dozen structures a day that's that's about $9 a structure. With retail commissions that's probably about $25 to leg a butterfly, or $50 to get in or out which is 5 ticks
  • If you leg a hundred structures a day that's that's about $1 a structure. With okay commissions that's probably about $15 to leg a butterfly, or $30 to get in or out which is 3 ticks
  • If you leg a two hundred structures a day that's that's about $0.50 a structure. With low commissions (and a seat) that's probably less than $5 to leg a butterfly, or less than 1 tick to get in and out.

Reply With Quote
The following 2 users say Thank You to SMCJB for this post:
 
  #18 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,449 since Jun 2009
Thanks: 3,645 given, 4,113 received


SMCJB View Post
I replied to this thread yesterday and now it's not here. @Big Mike?
2:53pm Central

I checked and I can't see any traces of a previous reply.

Success requires no deodorant! (Sun Tzu)
Reply With Quote
The following user says Thank You to sam028 for this post:
 
  #19 (permalink)
Trading Apprentice
Austin, Texas
 
Futures Experience: Beginner
Platform: TT
Favorite Futures: CL
 
Posts: 5 since Dec 2015
Thanks: 2 given, 0 received

CME Direct

Has anybody used CME Direct as a trading platform ? (Advantage Futures offers CME Direct)
How does it compare with other platforms like X_Trader/CTS T4 in terms of usage and cost.
Obviously this will restrict trading with CME group only.
Thanks

Reply With Quote
 
  #20 (permalink)
Elite Member
NYC, NY
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG and GC, Futures option selling. Spread researcher currently
 
Posts: 450 since May 2013
Thanks: 388 given, 178 received

What are you looking for?


Spread trading and options or just spread trading
Will you be using the same platform for futures?
Are u looking for something that can be robust even web based or primary trading is through desktop app?
regarding brokers I have spoken to Optimus and though have not pulled the trigger I am close to making a decision

Waiting for the right combination of platform and broker
message me and i can share my research experiences
TT pro user here with Sierra

Reply With Quote

Reply



futures io > > > Looking for a new platform/broker for my futures spread trading....

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

September Journal Challenge (sponsored by TopstepTrader)

September

Free Elite Membership: Twitter Tuesday and Facebook Friday!

Tue & Fri
 

Trading with Python: Using Machine Learning w/Ran Aroussi [12:30PM ET]

Elite only

TopstepTrader (TBD)

Sep 25

RandBots (TBD)

Sep 27

Anthony Drager (TBD)

Oct 4
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
questions about spread trading futures seacat Trading Reviews and Vendors 2 February 10th, 2015 03:31 PM
Best Platform and Broker for Bond Futures JFHughes Bonds and Interest Rates Trading 6 January 9th, 2014 01:30 PM
Best Broker & Platform for Bond Futures Recommendations JFHughes Bonds and Interest Rates Trading 2 January 9th, 2014 12:30 PM
futures option spread versus futures spread leinster Commodities Futures Trading 4 September 7th, 2013 01:25 PM
Spread Trading Futures MWinfrey Emini Index Futures Trading 16 August 19th, 2012 06:19 AM


All times are GMT -4. The time now is 08:12 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-09-17 in 0.18 seconds with 14 queries on phoenix