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What's The Most Popular Futures Platform?


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What's The Most Popular Futures Platform?

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  #1 (permalink)
Philadelphia Pa/USA
 
Experience: Advanced
Platform: Ninja Trader
Trading: NQ,CL,GC
 
Posts: 7 since Jan 2018
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I was wondering besides Ninja Trader if anyone really knows what platform is currently the most widely used,
and also has an API so custom programs can be programmed into it.

Thanks

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  #3 (permalink)
Merida, Yucatan, Mexico
 
 
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I would also be interested in knowing the number of traders for each if the major platforms.

I know that Sierra Chart has a lot of users, an API, and it performs well with low resource usage.


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  #4 (permalink)
Philadelphia Pa/USA
 
Experience: Advanced
Platform: Ninja Trader
Trading: NQ,CL,GC
 
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bradhouser View Post
I would also be interested in knowing the number of traders for each if the major platforms.

I know that Sierra Chart has a lot of users, an API, and it performs well with low resource usage.


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It's funny you say that....I don't think Sierra is that popular....Doesn't Infinity Brokers own the platform?
I am not sure about that. It does fulfill all of my questions ...popularity is the real question.

Maybe the approach should be which Broker is the most popular in the world? Wouldn't that answer
our most popular platform question possibly? Just a thought.

Thank you,

Lg

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  #5 (permalink)
Lake Michigan (Summer), N. Miami Beach (Winter)
 
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It wouldn't surprise me if both E Signal and Think or Swim are very high on the list in terms of people that use it to trade futures.

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  #6 (permalink)
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Advantage Futures
Trading: Energy
 
Posts: 3,559 since Dec 2013
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Depends how you define popular. You seem to be thinking in terms of most users. If you think of it in terms of most contracts traded you will get very different responses. Most contracts will probably be some proprietary HFT systems but if your only thinking of commercially available software it's probably still TT, followed by software like CQG etc. I think TT used to claim that 60% of all electronic futures worldwide were traded on XTrader but that was before the markets went fully electronic and exploded in size like they have.

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  #7 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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JOBB View Post
It's funny you say that....I don't think Sierra is that popular....Doesn't Infinity Brokers own the platform?
I am not sure about that. It does fulfill all of my questions ...popularity is the real question.

Maybe the approach should be which Broker is the most popular in the world? Wouldn't that answer
our most popular platform question possibly? Just a thought.

Thank you,

Lg

No, Sierra Chart is owned by Sierra Chart. It can be used by the clients of many brokers, as can a great many platforms.

There are platforms that are proprietary to one broker, and there are platforms that are not. It is a major effort to create a proprietary trading platform, so many brokers simply choose to utilize one of those that are already out there. There is a separate industry of trading platforms that connect to many different brokers and many different data and trading service providers.

For example, you can have a broker account with a particular broker, use NinjaTrader (or Sierra Chart or several others) as your trading platform, have your data supplied by DTN IQFeed (a data provider), and have your trades routed to the exchange by yet another service ). Or, you can have all of these services bundled by one provider.

Before Ninja Trader went into the brokerage business itself, the NT platform also was available in many different brokers. It still has relationships with a small number of other brokers to provide its trading platform.

Your question simplifies the situation a bit.

As to the most popular broker, it depends on the answer to the question, "For what?" There are brokers that specialize in small accounts for inexperienced traders seeking small initial deposits and small margin requirements (who tend to go broke). There are brokers who want larger accounts, experienced traders and which have larger minimums and margin requirements. There are many in between.

Why is the question of broker popularity an important one? The better question is what does a broker provide, and what are you looking for? Perhaps someone can give you a hand if you state your concern a little more clearly.

Bob.

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  #8 (permalink)
Amsterdam, The Netherlands
 
Experience: Intermediate
Platform: Sierra, IRT, ToS, Ninja
Broker: Stage 5
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SMCJB View Post
Depends how you define popular. You seem to be thinking in terms of most users. If you think of it in terms of most contracts traded you will get very different responses. Most contracts will probably be some proprietary HFT systems but if your only thinking of commercially available software it's probably still TT, followed by software like CQG etc. I think TT used to claim that 60% of all electronic futures worldwide were traded on XTrader but that was before the markets went fully electronic and exploded in size like they have.

I just edited this.. Initially I wasn't sure what TT stood for, but figured out it's these guys:

https://www.tradingtechnologies.com/trading/tt-platform/

Your bio says you use Xtrader. Mr Google says these guys make that too.

Would you mind briefly explaining your experience with these platforms and how they fit together (or don't)?

Also do you know the platform costs, either upfront or subscription?

Thanks,

-Bob

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  #9 (permalink)
Bay Area California
 
Experience: None
Platform: TT T4
Broker: Phillip Capital
Trading: Futures
 
Posts: 785 since Nov 2011
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bob7123 View Post
I just edited this.. Initially I wasn't sure what TT stood for, but figured out it's these guys:

https://www.tradingtechnologies.com/trading/tt-platform/

Your bio says you use Xtrader. Mr Google says these guys make that too.

Would you mind briefly explaining your experience with these platforms and how they fit together (or don't)?

Also do you know the platform costs, either upfront or subscription?

Thanks,

-Bob



“TT platform” was built as a replacement for xtrader. If you are a new user it’s doubtful your clearing firm will even offer you xtrader.

The costs are dependent if you are using “TT” or “TT Pro”. TT Pro includes stuff like autospreader, ADL, and api access.

TT Pro pricing is either $1400/m with a 4 month commitment, or 0.3 per contract, capped at $1,800/m with a $400 minimum.

I don’t remember the regular TT numbers, but I’m sure it’s on their site.

IMO TT Pro is overpriced but justifiable if you need autospreader, adl, or api access. But plain TT is just hugely over priced.


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  #10 (permalink)
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Advantage Futures
Trading: Energy
 
Posts: 3,559 since Dec 2013
Thanks: 2,839 given, 6,661 received



bob7123 View Post
I just edited this.. Initially I wasn't sure what TT stood for, but figured out it's these guys:

https://www.tradingtechnologies.com/trading/tt-platform/

Your bio says you use Xtrader. Mr Google says these guys make that too.

Would you mind briefly explaining your experience with these platforms and how they fit together (or don't)?

Also do you know the platform costs, either upfront or subscription?

Thanks,

-Bob


addchild View Post
“TT platform” was built as a replacement for xtrader. If you are a new user it’s doubtful your clearing firm will even offer you xtrader.

@addchild is correct. Trading Technologies original platform XTrader was "THE" professional trading platform, for years/decades. They are now replacing XTrader with TT or new TT as many call it. Basically as I understand it many of their biggest clients ended up developing their own front ends. Now they are pivoting to try and be "FinTech" and cover both Pro and Retail. Me I'm hanging onto XTrader for dear life. The good news coming out of TTs recent multi hour outage is that the delayed the execution of XTrader by 4 months.


addchild View Post
The costs are dependent if you are using “TT” or “TT Pro”. TT Pro includes stuff like autospreader, ADL, and api access.

TT Pro pricing is either $1400/m with a 4 month commitment, or 0.3 per contract, capped at $1,800/m with a $400 minimum.

I don’t remember the regular TT numbers, but I’m sure it’s on their site.

IMO TT Pro is overpriced but justifiable if you need autospreader, adl, or api access. But plain TT is just hugely over

I think it depends what you are looking for. If your comparing Ninja, Tradestation & new TT then your probably right, TT is overpriced. But if you want an autospreader (or ADL), new TTs offering is a COLOCATED autospreader. As somebody who has multiple colocated servers, that I a) had to buy the servers, b) have to pay (monthly) to colocate/host and c) have to pay for XTrader, then TT actually looks pretty cheap. Also if you don't know what co-located means then a) its probably overpriced for you and b) your probably getting killed on your autospreader if using one!

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