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Rithmic Down
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Rithmic Down

  #41 (permalink)
Market Wizard
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@Deucalion

I respect your post. You are right, it's often hard to judge from the tone.
What could have been a simple question was interpreted as sarcasm and raise my defense level up.

futures.io (formerly BMT) has become for me a reference point as to what traders want, need and expect from a brokerage.
Daily I attend this site to see if there a topic that would help me make things better.

point taken.

Matt

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  #42 (permalink)
Market Wizard
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ThatManFromTexas View Post
@mattz

hey ... I put a lot of effort into creating that ...


This was the runner up....


The runner up is much better. But who trained this team? Seriously...

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  #43 (permalink)
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steve2222 View Post
Rithmic is actually a spin off of ZenFire - see this post and link. I have verified the authenticity of the ZF statement directly with Pat.

https://futures.io/brokers-data-feeds/11349-rithmic-vs-zenfire-2.html#post241549

Other way around.

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  #44 (permalink)
Just a boy
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Big Mike View Post
Other way around.

Mike


@Big Mike

What is your source?

I have shown mine and Pat (the CEO) has confirmed the statement that I linked to and which was posted by another member.

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  #45 (permalink)
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steve2222 View Post
Rithmic is actually a spin off of ZenFire - see this post and link. I have verified the authenticity of the ZF statement directly with Pat.

https://futures.io/brokers-data-feeds/11349-rithmic-vs-zenfire-2.html#post241549

@steve2222 Rithmic is not a spin off of zenfire. Zenfire is a spin off of rithmic and ZF not the pure feed. This is widely known.

Updated: Probably spin off is not correct word. My understanding zenfire uses the rithmic feed for the feed aspect of it's trading engine.

"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."

Last edited by liquidcci; September 13th, 2012 at 11:53 AM.
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  #46 (permalink)
Just a boy
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liquidcci View Post
@steve2222 Rithmic is not a spin off of zenfire. Zenfire is a spin off of rithmic and ZF not the pure feed. This is widely known.

Hi @liquidcci

I have linked to a source that is what leads me to my view - what is your source (note in post 44 I have asked Big Mike the same).

If you read the paper from Pat @ZF that my link referenced back to the original poster on futures.io (formerly BMT) (not me) you will see how the whole 'spin off' occured.

So other than numerous incorrect statements by all sorts of posters on this site and others - what is your source for your view?

Until Rithmic themselves (not Matt from Optimus) give their view - I myself will be happy to accept the ONLY written eveidence I have seen from a party that should be in the know as to the true position. I have also had direct email contact with Pat who confirms the published statement and has told me why he does not post on forums to defend ZF's service/position - although I may not agree with his reasons, I repect his poistion.


Last edited by steve2222; September 13th, 2012 at 12:46 AM. Reason: wrong post reference
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  #47 (permalink)
 Vendor: tradingcode.net 
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Big Mike View Post
Other way around.


steve2222 View Post
What is your source?


liquidcci View Post
steve2222 Rithmic is not a spin off of zenfire. Zenfire is a spin off of rithmic and ZF not the pure feed.

Why does it matter so much which company is a spin-off and which not? I really don't understand it, beside it being some honour or ego thing in which one party claims to be better than another because they were "the original". That sounds more like a commercial or an election to me than a rational trader's decision.

Wouldn't it make more sense to judge the quality of both data-feeds, brokers and FCMs based on how they perform now?

Some spin-offs have achieved incredible success, while others failed miserably. We don't know which company has invested more in technology since they were founded and which is 'the best', so it would seem more logical to me to base an opinion on how they perform now and not on whether or not company A spun-off from company B years ago.

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  #48 (permalink)
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steve2222 View Post
@Big Mike

What is your source?

I have shown mine and Pat (the CEO) has confirmed the statement that I linked to and which was posted by another member.

@steve2222 ask zenfire if they use the rithmic feed. My understanding is Zenfire is essentially a trading engine that uses its own servers etc but uses rithmic for the feed aspect of that engine. I am not even sure why we are having this conversation on this thread. Are you trying to prove rithmic is somehow less than zenfire? I have no way to verify the post that you reference but does it really matter how the companies got started? They are not the same company and rithmic is not a subsidiary of zenfire. In regards to the feed this does not change fact by using the rithmic feed direct you are using the rithmic trading engine and feed which "I" would call the pure solution compared to zenfire.

From my direct experience this has been much better for me than zenfire. I had zenfire for 2 years and the reason I went looking for another solution and ended up with rithmic is zenfire started having way to many disconnects. Many of these disconnects were during market hours so I began not to trust the feed. It actually cost me money a few times. I have heard zenfire has improved but I can't verify. That is great as the more quality solutions the better for us all.

I am not here to defend rithmic or attack zenfire I am just a customer and will have no problem going to another feed if rithmic ever gives me consistent problems. At this point though it has been a great solution for my needs. If zenfire is working for you that is excellent but I really don't want to get into a pitching match on how these companies were started. I suppose I could send letter to rithmic and try and get details but just not worth the effort. What matters is performance of the feed and engines built around them.

@Jura great point.

"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."

Last edited by liquidcci; September 13th, 2012 at 11:21 AM.
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  #49 (permalink)
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liquidcci View Post
...Zenfire is essentially a trading engine that uses its own servers etc but uses rithmic for the feed aspect of that engine...

That assertion brings me back to my original question. If Zen Fire is somewhat linked to rithmic should it not have been affected by the incident rithmic faced Yesterday? If the answer is no why?

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  #50 (permalink)
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trendisyourfriend View Post
That assertion brings me back to my original question. If Zen Fire is somewhat linked to rithmic should it not have been affected by the incident rithmic faced Yesterday? If the answer is no why?

@trendisyourfriend good question. My uneducated guess is it was not a problem with the feed itself but some part of the engine or an aspect of the feed that did not affect the overall feed. I could see a scenario where the feed was fine but some component in the engine at rithmic was having an issue. In that scenario the feed that went to ZF could be fine and since they have their own engine could have been unaffected. But I really don't know anything.

Good thing is this seems to be a rare occurrence with rithmic.

"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."
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