Ninja -- Best approach >> Best Data-feed? - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Ninja -- Best approach >> Best Data-feed?
Updated: Views / Replies:13,202 / 34
Created: by Bramhall17 Attachments:4

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 90,000 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
 4  
 
Thread Tools Search this Thread
 

Ninja -- Best approach >> Best Data-feed?

  #31 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,260 since May 2010
Thanks: 153 given, 1,890 received


TrendTraderBH View Post
NT basically has one broker partner per data feed company. For example, if you want CQG you pretty much must go with AMP, if you want Rithmic Optimus, if you want ZenFire Mirus, etc.

The statement above is misleading, the following is accurate:
  • CQG is availabe through AMP Global Clearing (FCM) and any of it's introducing brokers
  • CQG is also availabe through Broco Company in Russia
  • Zen-Fire is available through Dorman Trading (FCM) and RCG (FCM) through limited Introducing Brokers which include Mirus Futures and 30+ other Introducing Brokers
  • Rithmic is available through Vision Financial Markets (FCM) and any of it's Introducing Brokers including but not limited to Optimus

TT and Patsystems are available through many FCM's across the globe and their network of Introducing Brokers.

Reply With Quote
The following 4 users say Thank You to NinjaTrader for this post:
 
  #32 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 302 given, 280 received

I suggest anyone to do the research first and make your own decision.

Reply With Quote
 
  #33 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
Favorite Futures: CL, GC, NQ
 
Posts: 569 since Nov 2010
Thanks: 1,797 given, 249 received



TrendTraderBH View Post
Also, all data feeds are not equal in relation to NT future development, as future planned NT features seem to be only targeted to one preferred data feed (which also means one preferred broker).

Which preferred data feed is that, and what features would those be?

Also, was your statement actually misleading as NT said above, or you do you still think NT is restrictive in the options it allows for you to freely select a broker/feed of your choosing?

Reply With Quote
 
  #34 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 302 given, 280 received

It's my understand that a new feature of NT orders residing on the brokers server or exchange server (instead of your computer) will be offered for CQG but not other feeds and for all intensive purposes that means AMP or Global (AMP IB) as your broker choices.

From my experience each data feed typically matches with one preferred FCM which is great if you like the broker.

However, some brokers get left out in the cold with this approach (are aligned with a less than ideal data feed).

These comments are just my own opinions from the research I did - please do your own due diligence and find out for yourself.

Reply With Quote
The following user says Thank You to TrendTraderBH for this post:
 
  #35 (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


TrendTraderBH View Post
I did not realize this prior to purchasing an NT license:

NT basically has one broker partner per data feed company. For example, if you want CQG you pretty much must go with AMP, if you want Rithmic Optimus, if you want ZenFire Mirus, etc.

NT claims this is a result of various partnership agreements with brokers/clearing firms and once the technology integration has been done it basically closes off that data feed to others (with some limited exceptions). My understand is that this generally goes against industry standard practices of other charting software providers.

what happens in reality is that each FCM has the exclusivity to the data feed and not the IB. However, it is rather the efforts of the IB or the FCM to advertise it's efforts with a certain feed that gets the association. We have made the effort to integrate Rithmic to our platforms because we feel it's quality, operations and the effort they make to help our team.

Also, each feed has it's own "risk system" which is essentially the backend that brokers must get familiarized in order to assist customers. As NinjaTrader mentioned, we do not have exclusivity to Rithmic, but I feel that we have made more efforts than many IBs to become familiar with Rithmic from day one and its backend operation.

As an IB, I can go and clear my business elsewhere and get multiple feeds going. So essentially it is not NinjaTrader that is limiting me rather it's a personal choice to stick with Rithmic as an IB. I feel that some FCMs are a complete competition to their IBs, as they have become massive advertisers in that space but that requires a whole different discussion.

I have to give NinjaTrader credit where they come forward and offer many feeds so customers could have a personal choice. It is not easy to just "Plug" a data feed because it is costly process in terms of dollars and man hours. So if you feel that some have exclusivity as an FCM it's because they have put the effort in terms of dollars to pay for the development time in one way or another. If I had hypothetically the best feed feed in the world, I would demand that I would have the exclusivity to it to grab market share as an FCM or as an IB.

I disagree with many things that happen in the retail space with platforms, but after all it's a business and I need to remain empathetic towards my technology partners like NinjaTrader. It took me years to develop an objective view, and realize that its hard to joggle so many variables at the same time.

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
The following 2 users say Thank You to mattz for this post:

Reply



futures io > > > > Ninja -- Best approach >> Best Data-feed?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
BLUELINE DELIGHT >>>Intraday Trading Strategy Guide<<< Gabriyele The Elite Circle 407 May 30th, 2013 08:29 AM
IB => TradeStation 8 (Data Feed) willygan Reviews of Brokers and Data Feeds 2 March 27th, 2011 02:58 AM
First Indicator programing, Text on graph >> Easy language / Multicharts arjfca The Elite Circle 2 September 22nd, 2010 10:05 PM
TIP : Search for free NinjaTrader Indicator on BMT ? >> How to use our searchtools ! max-td Beginners and Introductions 2 July 19th, 2010 07:16 AM
Jobs for musicians, DJs, coder, salesman >> Native Instruments Berlin + L.A. max-td Off-Topic 1 March 18th, 2010 10:43 AM


All times are GMT -4. The time now is 07:50 PM.

Copyright © 2017 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 2017-12-12 in 0.10 seconds with 30 queries on phoenix via your IP 54.234.255.29