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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....

  #1 (permalink)
Trading Apprentice
Austin, Texas
 
Futures Experience: Advanced
Platform: IB, TWS
Favorite Futures: All
 
SpreadOption's Avatar
 
Posts: 2 since Jan 2015
Thanks: 0 given, 1 received

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

Folks,

Long-time lurker, first time poster. I'm hoping to crowd source your collective wisdom on a possible platform and broker switch. I've done a lot of research, but frankly, I'm just overwhelmed by the amount of options out there.

I trade spreads on virtually all of the U.S. futures markets, except for the very illiquid ones. I have been using IB for several years with TWS as my platform. I've tried out NT on a trial basis, but I've never actually used it for live trading.

I'm going to list my platform and broker requirements below. I welcome any and all recommendations.

Platform Requirements

1) Desktop and iPhone platforms. The iPhone platform should be fairly robust--at least as good as TWS mobile.

2) Charting of futures spreads on a settlement-to-settlement basis, including both intramarket calendar spreads and intermarket spreads (the latter presents a challenge on many platforms including TWS).

3) The ability to view existing futures spread positions in my portfolio as a spread--rather than as the individual legs--on both the desktop and mobile platforms. I have never figured out a way to get TWS Mobile to display spreads as a spread.

4) The ability to enter and exit futures spreads as a spread (rather than legging in) via limit, stop, and stop limit orders on the spread price.

Broker Requirements

Note: I don't necessarily need to switch brokers if you can recommend a platform that works with IB and fits all of the above criteria. But I'm willing to consider a broker switch if it would provide some advantage or give me access to a platform incompatible with IB.

1) Initial deposit requirement of no greater than $100,000.

2) Reasonably low commissions. I don't expect them to be as low as IB's commissions, but anything above $5/contract before exchange fees isn't going to cut it.

3) Responsive, intelligent customer support.

4) Sound financial condition. If I can't clearly tell that the broker is in good shape, there's no chance I'll use them.

5) Level 1 real-time market data for all major U.S. futures exchanges (excluding ICE) for no more than $25/month. I don't need deep-book data.

6) Delayed ICE data for free.

*******

Please let me know if you have any recommendations for a platform or broker. Thanks!

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,230 received


Check out CTS T4 for the platform. They have mobile apps and handle spreads well.

If you have questions you can use the AMA thread here:

https://futures.io/brokers-data-feeds/25772-cts-t4s-brian-murphy-director-busine...ing-ask-me-anything.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #4 (permalink)
Trading Apprentice
Austin, Texas
 
Futures Experience: Advanced
Platform: IB, TWS
Favorite Futures: All
 
SpreadOption's Avatar
 
Posts: 2 since Jan 2015
Thanks: 0 given, 1 received


Big Mike View Post
Check out CTS T4 for the platform. They have mobile apps and handle spreads well.

If you have questions you can use the AMA thread here:

Mike

Thanks, Mike. Appreciate this.

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  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,230 received


SpreadOption View Post
Thanks, Mike. Appreciate this.

You'll find some webinars on CTS in the webinars section as well. I'm sure a few of them have covered spreads.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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

PC system

hi,
I am planning to build a PC for spread trading.
Any advice on system requirements for platforms like X_Trader, CTS T4
Thanks

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  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,230 received


kuruvi View Post
hi,
I am planning to build a PC for spread trading.
Any advice on system requirements for platforms like X_Trader, CTS T4
Thanks

Read the tech support forum, there are countless example threads on builds.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #8 (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: 3,573 given, 3,982 received


kuruvi View Post
hi,
I am planning to build a PC for spread trading.
Any advice on system requirements for platforms like X_Trader, CTS T4
Thanks

All depends on many instance spreader instances will run in parallel.
I have client using TT auto spreader multiple (dozens...) instances, 4 cores was not enough.
We're building an 8 cores (16 threads) 3 Ghz Xeon server now, we'll see...

Success requires no deodorant! (Sun Tzu)
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  #9 (permalink)
Trading Apprentice
Austin, Texas
 
Futures Experience: Beginner
Platform: TT
Favorite Futures: CL
 
Posts: 5 since Dec 2015
Thanks: 2 given, 0 received

Thanks, I am considering Xeon E5-2630 with Asus X99-E WS motherboard. For trading platforms I am looking at TT's AutoSpreader, CTS T4, CQS IC

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  #10 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,117 since Dec 2013
Thanks: 1,744 given, 3,343 received
Forum Reputation: Legendary



sam028 View Post
All depends on many instance spreader instances will run in parallel.
I have client using TT auto spreader multiple (dozens...) instances, 4 cores was not enough.
We're building an 8 cores (16 threads) 3 Ghz Xeon server now, we'll see...

My primary TT auto spreader server (a Dell R620) has dual E5-2690's (2.9Ghz Xeons) and I can literally run 100s of autospreaders and not see a performance degradation. While 16 cores may seem like a lot these are actually older v1 Sandybridge-EP chips, I suspect v2 or even v3 chips would perform better even with less cores.

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