Rithmic Down - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Rithmic Down
Updated: Views / Replies:6,708 / 50
Created: by TrendTraderBH Attachments:2

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
 2  
 
Thread Tools Search this Thread
 

Rithmic Down

  #21 (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


guppy View Post
STill down for me ...If the servers go down and one was in a position, how would they get out of the position if it was going against them? Would rithmic eat the loss or what you the indiivdual have to eat the loss?


mattz View Post
@guppy who asked this question knows the consequences of power failure, and it was nothing short of an attempted to stir up an unnecessary obvious. The addition of the "small guy" by TMFT was not necessary either.

Power failure affected affect us all alike despite of size of account, but having a contingency is always a necessary evil.
We have helped all customers today via email, Skype, or the phone just like we do if the customer had a power failure.

This is my honest opinion, for whatever it's worth. If a customer is asking a question, they have a right to an accurate complete answer, rather than a "you should know better/don't stir up trouble". On the contrary, educating traders of all the risks to their full extent in futures trading, a topic likely not fully understood in its entirety by most traders, is quite necessary. It is better to emphasize the risks than not, and to only focus on the positives and profit potential.

I think this is a great question. Rithmic is both the feed and execution engine, if it is completely down, how exactly does the broker help? What if the broker is not able to do anything since their execution ability is down with Rithmic? Please educate us on this topic, at least I for one, would like to learn more.

Maybe these events are rare, but everyone should be aware of their fine points and it can only help educate/prepare traders by discussing them. Traders should focus and spend more time on risk management. Aside from the description of account size, is TMFT's point valid or no? In case of catastrophic loss, even account going negative, due to Rithmic's fault of being down for hours like today, and neither trader nor broker being able to exit position, is the customer financially responsible for the loss?

Reply With Quote
The following 6 users say Thank You to Futures Operator for this post:
 
  #22 (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, 2,786 received
Forum Reputation: Legendary


Futures Operator View Post

I think this is a great question. Rithmic is both the feed and execution engine, if it is completely down, how exactly does the broker help? What if the broker is not able to do anything since their execution ability is down with Rithmic? Please educate us on this topic, at least I for one, would like to learn more.

A broker can execute via a different mechanism or data feed and match that with the account.

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 3 users say Thank You to mattz for this post:
 
  #23 (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, 2,786 received
Forum Reputation: Legendary

In Case of Emergency


If there is no way you can execute your trades online, please follow the following procedure when you call in.

1) Go Flat. Check you net/net positions SLOWLY, and don't panic
2) Cancel any outstanding order and inform the broker of any that you are aware of just to be sure
3) Once online is restored, If you don't see the offsetting orders on your platform don't panic but just verify again. Your order could have been executed on a different platform, different data feed, etc BUT into your account #
4) Verify on the equity run at the end of the day that your positions are flat or net/net where they should be

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; September 11th, 2012 at 09:48 PM.
Reply With Quote
The following user says Thank You to mattz for this post:
 
  #24 (permalink)
~R!$K~
Volcano, HI
 
Futures Experience: None
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Futura2000
 
dakine's Avatar
 
Posts: 188 since Dec 2009
Thanks: 379 given, 131 received


Futures Operator View Post
In case of catastrophic loss, even account going negative, due to Rithmic's fault of being down for hours like today, and neither trader nor broker being able to exit position, is the customer financially responsible for the loss?

You are responsible. Check the paperwork you signed when you opened your account.

Reply With Quote
The following 2 users say Thank You to dakine for this post:
 
  #25 (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


mattz View Post
If there is no way you can execute your trades online, please follow the following procedure.

1) Go Flat. Check you net/net positions SLOWLY, and don't panic
2) Cancel any outstanding order and inform the broker of any that you are aware of just to be sure

Do you mean by calling in and doing this over the phone, or?

Reply With Quote
 
  #26 (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, 2,786 received
Forum Reputation: Legendary


Futures Operator View Post
Do you mean by calling in and doing this over the phone, or?

yes, phone or Skype call.

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

Optimus (and Vision) were very helpful yesterday and today for getting this problem solved quickly and professionally.

Reply With Quote
The following 2 users say Thank You to TrendTraderBH for this post:
 
  #28 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
 
liquidcci's Avatar
 
Posts: 862 since Jun 2011
Thanks: 609 given, 1,051 received

I will say this about Rithmic. Yesterday was first time in a year that feed was down for me during normal U.S. market hours. I've had a few disconnects that lasted seconds during market hours and there are times late at night or on weekends it will go down for a few minutes. I assume on weekends or at night be some type of maintenance event.

Also I was glad I was able to reconnect yesterday within 5 minutes of market open so did not lose much trading time.

So over all my experience has been rithmic is a very robust feed and they responded quickly yesterday to get it fixed.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Reply With Quote
The following user says Thank You to liquidcci for this post:
 
  #29 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received


mattz View Post
I really appreciate your input via comments like this.

1. @guppy who asked this question knows the consequences of power failure, and it was nothing short of an attempted to stir up an unnecessary obvious.

2. The addition of the "small guy" by TMFT was not necessary either.

@mattz

1. He sounded sincere in his question to me. If my broker talked down to me ... the way you responded to him .... for asking a legitimate question... I'd be looking for a new broker.

2. You know very well, if anything happens that is not the direct fault of a broker's action the trader is responsible for all losses.

I understand you had a rough day ... but you didn't help things with the above post.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
 
  #30 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


I am curious to know. I did not trade Yesterday but would like to know if the problem rithmic faced did affect zen-fire too? If not why since zen-fire is often considered a spin-off of rithmic?? Thanks.

Reply With Quote

Reply



futures io > > > > Rithmic Down

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Rithmic Zoethecus Reviews of Brokers and Data Feeds 196 February 9th, 2017 08:55 PM
Rithmic vs AMP/CQG traderjcf Reviews of Brokers and Data Feeds 101 February 5th, 2014 06:12 AM
Rithmic vs Zenfire liquidcci Reviews of Brokers and Data Feeds 42 September 1st, 2013 03:28 AM
Rithmic & NinjaTrader Direct Santi Reviews of Brokers and Data Feeds 1 June 21st, 2012 07:30 PM
Rithmic and matlab tradersheldon Matlab, R project and Python 1 January 28th, 2011 01:16 PM


All times are GMT -4. The time now is 04:38 AM.

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 2017-12-14 in 0.12 seconds with 20 queries on phoenix via your IP 54.91.38.173