What's The Most Popular Futures Platform? - Platforms and Indicators | futures io social day trading
futures io futures trading


What's The Most Popular Futures Platform?
Updated: Views / Replies:687 / 9
Created: by JOBB 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 – 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 don’t 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
 

What's The Most Popular Futures Platform?

  #1 (permalink)
Philadelphia Pa/USA
 
Trading Experience: Advanced
Platform: Ninja Trader
Favorite Futures: NQ,CL,GC
 
Posts: 6 since Jan 2018
Thanks: 0 given, 1 received

What's The Most Popular Futures Platform?

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

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Merida, Yucatan, Mexico
 
 
Posts: 103 since Nov 2010
Thanks: 14 given, 57 received


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.


Sent from my iPad using futures.io

Reply With Quote
 
  #4 (permalink)
Philadelphia Pa/USA
 
Trading Experience: Advanced
Platform: Ninja Trader
Favorite Futures: NQ,CL,GC
 
Posts: 6 since Jan 2018
Thanks: 0 given, 1 received


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.


Sent from my iPad using futures.io

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

Reply With Quote
 
  #5 (permalink)
Lake Michigan (Summer), N. Miami Beach (Winter)
 
Trading Experience: Advanced
Platform: TOS, Ninjatrader
Broker/Data: Tradeovate, TOS, Dorman
Favorite Futures: indices/currencies/interest rates/energies/metals/grains
 
Posts: 422 since Oct 2009
Thanks: 232 given, 730 received

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.

Follow me on Twitter Visit my Facebook Reply With Quote
 
  #6 (permalink)
Legendary Market Wizard
Houston, TX
 
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 3,031 since Dec 2013
Thanks: 2,461 given, 5,449 received

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.

Reply With Quote
The following 3 users say Thank You to SMCJB for this post:
 
  #7 (permalink)
Super Moderator
Sarasota FL
 
Trading Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES, YM
 
bobwest's Avatar
 
Posts: 5,059 since Jan 2013
Thanks: 38,786 given, 17,108 received


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.


Last edited by bobwest; August 5th, 2018 at 11:53 PM.
Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to bobwest for this post:
 
  #8 (permalink)
Amsterdam, The Netherlands
 
Trading Experience: Intermediate
Platform: Sierra, IRT, ToS, Ninja
Broker/Data: Stage 5
Favorite Futures: NQ
 
bob7123's Avatar
 
Posts: 642 since Oct 2011
Thanks: 130 given, 2,444 received


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


Last edited by bob7123; September 28th, 2019 at 06:49 AM.
Follow me on Twitter Reply With Quote
 
  #9 (permalink)
Bay Area California
 
Trading Experience: None
Platform: TT T4
Broker/Data: Phillip Capital
Favorite Futures: Futures
 
Posts: 753 since Nov 2011
Thanks: 696 given, 791 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



“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.


Sent using the futures.io mobile app

.
Reply With Quote
The following user says Thank You to addchild for this post:
 
  #10 (permalink)
Legendary Market Wizard
Houston, TX
 
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 3,031 since Dec 2013
Thanks: 2,461 given, 5,449 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!

Reply With Quote
The following 2 users say Thank You to SMCJB for this post:

Reply



futures io > > > What's The Most Popular Futures Platform?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Webinar: The Seven Most Effective Trading Setups w/Peter Davies @ Jigsaw

Oct 17
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
List of popular Acronyms used in trading Saroj Beginners and Introductions 39 March 6th, 2017 01:12 PM
Most popular time to have a MACD indicator BEGIN calculating 30 second ES bars? AM4042 Emini and Emicro Index Futures Trading 7 July 22nd, 2016 08:34 AM
Looking for the most Popular Renko / Brick type bar tderrick Emini and Emicro Index Futures Trading 11 August 12th, 2014 09:42 PM
Popular Google Searches leading to Big Mike's Fat Tails Jokes 0 June 5th, 2011 08:45 AM
Target-Date Mutual Funds Grow Popular Among Retirees Quick Summary News and Current Events 0 May 4th, 2011 08:20 PM


All times are GMT -4. The time now is 08:02 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 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