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

  #11 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,933 given, 2,782 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.
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  #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
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  #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: 3,366 since Jun 2009
Thanks: 3,572 given, 3,982 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)
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  #14 (permalink)
Elite Member
Manchester, NH
 
Futures Experience: Beginner
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: Stocks
 
Posts: 902 since Jul 2012
Thanks: 603 given, 1,785 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.

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  #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.

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  #16 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,106 since Dec 2013
Thanks: 1,740 given, 3,324 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 04:08 PM. Reason: added time
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  #17 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,106 since Dec 2013
Thanks: 1,740 given, 3,324 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.

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  #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: 3,366 since Jun 2009
Thanks: 3,572 given, 3,982 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)
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  #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

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  #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, 6A, 6E
 
Posts: 410 since May 2013
Thanks: 329 given, 150 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

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