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CQG or ZenFire...whats the difference? Anyone have any suggestions?
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CQG or ZenFire...whats the difference? Anyone have any suggestions?

  #21 (permalink)
Just a boy
Auckland, New Zealand
 
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Zen Fire do, but ......


Beljevina View Post
Assuming both feeds are uncompressed and raw, I'd think the only other thing to worry about would be latency from your location to where the data source servers are, as well as reliability/up time. And both are of course difficult to gauge, with the latency for the average NA user on a decent internet feed probably negligible.

I'm on CQG and use it almost 7/24 - it is incredibly rare there are problems, inavailability or disconnects.

One thing that comes to mind with CQG is that they have a web trader, where, you could log in via a IE browser (Chrome doesn't work), to cancel or make any basic changes to standing orders, should NT or your main internet feed go down. Not sure if Zenfire has this, but for a FT trader, this is a major edge to me.

Yes ZF have one as well, but .......

- it is still in Beta
- they seem to have stopped development on it.
- you have to get your broker to advise ZF that you are allowed to login twice with the same password ie once on NT and once via the Web Trader.
- the Web Trader has an option for access via the iPhone. There is no app - just save the web address to the iPhone. It is cluncky to login on the iPhone, but once in the formatting is not bad for the phone.
- on Web Trader (on a PC) you can have multiple DOMs going, you can have a quote board and monitor live and completed orders plus your account balance. Putting instruments on the quote board is a pain - you have to know the full exchange code/path for each and change at each contract rollover.

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  #22 (permalink)
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steve2222 View Post
Yes that's right - NT/ZF only does 5 levels of the DOM. If MC do more, say 10 levels, then this will account for most of the difference. I have no experience with MC so do not know how many DOM levels you can display with CQG vs ZF.

I thought that both feeds supply 10 levels (not 100% sure, though), but NT only shows five.
If so, this can't be the reason for the difference. Maybe the difference has to do with how exactly the data is structured. E.g. when price ticks 1 up, taking the offer 1 up with it and thus revealing the number at offer+10 levels, simultaneously someone submits an order 5@offer+3, how many data ticks would that be in the two feeds?


vvhg

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  #23 (permalink)
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vvhg View Post
I thought that both feeds supply 10 levels (not 100% sure, though), but NT only shows five.
If so, this can't be the reason for the difference. Maybe the difference has to do with how exactly the data is structured. E.g. when price ticks 1 up, taking the offer 1 up with it and thus revealing the number at offer+10 levels, simultaneously someone submits an order 5@offer+3, how many data ticks would that be in the two feeds?


vvhg

NT DOM only supports 5 levels, but you can programatically access all 10 levels in NT.

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  #24 (permalink)
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steve2222 View Post
Yes that's right - NT/ZF only does 5 levels of the DOM. If MC do more, say 10 levels, then this will account for most of the difference. I have no experience with MC so do not know how many DOM levels you can display with CQG vs ZF.

The difference in the QuoteManager with ZenFire versus CQG is only for best bid, best ask and last trade. So for that comparison it doesn't matter how many levels the data feed provides, since only the first levels are saved for each data feed. (Of course, for actual trading it might matter )


vvhg View Post
I thought that both feeds supply 10 levels (not 100% sure, though), but NT only shows five.

They both show 10 levels in MultiCharts.

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vvhg View Post
Hmm, so this means that the tick charts from the two feeds should look completely different! Could you perhaps post some, it might be a good way to judge how big the impact is in real life...

They don't look completely different (see below), but they're perhaps different enough to give different results (depending on the strategy type used).

For example, the opening bar from CQG is very different from ZenFire. Besides that, there are some smaller differences (see for example the bar high's and close).

I'm not sure what I should make of this. CQG provides more updates, but if I look at the wide range opening bar from CQG I'm more inclined to think ZenFire has a better feed. But that's still quite subjective and circumstantial.

EDIT:
You've raised a good point vvhg, in real-time trading the charts may be quite different. For example, the following example taken from real-time might give two traders, both looking at the same instrument on the same platform with the same chart settings, a slightly different bias about the price:

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Also note that the volume for both charts is different, with the ZenFire chart displaying the same volume as IB TWS, while the CQG has a lower volume. For the people not familiar with this instrument, the exchange opened about 1 hour 45 minutes ago and the total session lasts 14 hours. I find it troubling that there's already a difference in the volume when we're just in the beginning of the session.

Attached Thumbnails
CQG or ZenFire...whats the difference? Anyone have any suggestions?-screenshot.840.png   CQG or ZenFire...whats the difference? Anyone have any suggestions?-screenshot.839.png   CQG or ZenFire...whats the difference? Anyone have any suggestions?-screenshot.838.png  

Last edited by Jura; June 25th, 2012 at 04:54 AM.
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  #25 (permalink)
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Good work

Good work guys, I enjoy your analysis, Jura.

Mike, where can I find a code for the 10 levels for NT?
Thanks

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  #26 (permalink)
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dlatbm View Post
Good work guys, I enjoy your analysis, Jura.

Mike, where can I find a code for the 10 levels for NT?
Thanks

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  #27 (permalink)
Market Wizard
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Big Mike View Post
That may not be the case.

If the "filtering" is just for bid/ask changes, they won't show up for tick (last) changes.

How about a tick chart + CD bid/ask chart. Except MultiCharts can't do that...

Mike

My understanding is that the above is correct.

The filtering is on bid/ask changes on L1 and on depth changes on L2.

That is how it appears.

It's actually not that bad. It also seems to be in line with what the TT feed does.

Fact is Zenfire & TT Feed are FASTER than DTN.IQ feed. Not sure about CQG.

This difference is more pronounced at peak times/news times.

I can see merit in both approaches.

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  #28 (permalink)
Elite Member
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With CQG you even get 20 levels DOM with Eurex products like FDAX, FESX, FGBL.

I use jtrealstats7 for that, you have to manually increase the number of levels to be shown.


BTW, are there any feeds/platforms that show even more level2 (for banks, hedgefonds etc.)?


Last edited by CFuture; June 28th, 2012 at 04:25 AM. Reason: typo
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  #29 (permalink)
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CFuture View Post
I use jtrealstats7 for that, you have to manually increase the number of levels to be shown.

Does this allow showing more than 5 levels in NT DOM?

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  #30 (permalink)
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Futures Operator View Post
Does this allow showing more than 5 levels in NT DOM?

No it dosen't.

Take your Pips, go out and Live.
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