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CTS T4's Brian Murphy (Director of Business Development) - Ask Me Anything (AMA)


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CTS T4's Brian Murphy (Director of Business Development) - Ask Me Anything (AMA)

  #11 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379

Hi Brian, one question only.

In my experience, if using the same futures with different entries, it is always first in first out. Is that correct and can it be changed somehow?

Let' me explain: I go long 1 ES contract at 1520. The market goes lower and at 1518 I go long with another contract.
Now when the market goes back to 1520, I want to exit the second contract, but even if I set the OCO limit order on that contract, still the first contract will be executed and this will be a breakeven trade instead of a 2 points profit one.

Is this always like this (first in, first out) or is there a trick I can exit whichever contract I want??

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  #12 (permalink)
 
CTS1's Avatar
 CTS1 
Chicago, IL
 
Experience: None
Platform: CTS
Trading: oil
Posts: 49 since Feb 2013
Thanks Given: 4
Thanks Received: 71


Pedro40 View Post
Hi Brian, one question only.

In my experience, if using the same futures with different entries, it is always first in first out. Is that correct and can it be changed somehow?

Let' me explain: I go long 1 ES contract at 1520. The market goes lower and at 1518 I go long with another contract.
Now when the market goes back to 1520, I want to exit the second contract, but even if I set the OCO limit order on that contract, still the first contract will be executed and this will be a breakeven trade instead of a 2 points profit one.

Is this always like this (first in, first out) or is there a trick I can exit whichever contract I want??

Our P&L method is FIFO and there is no option for you to change. We do have options for how we display the Average Fill price.
Avg Open Fill - Highlights the price at which a user can scratch this trade if they flatten their position. The price will be highlighted in the bid or offer color depending on whether it is a long or short position.
Day Breakeven - Highlights the price at which a user can scratch their entire trading day if they flatten their position. The price will be highlighted in the bid or offer color depending on whether it is a long or short position.

Thanks Brian

If you have any questions about the products or services provided by CTS, please send me a Private Message or use the BMT " Ask Me Anything" thread
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  #13 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097


Three questions:

1. If I have entered auto-OCO orders and click on an open order, say the target order, thus cancelling it, I assume that the counterpart order i.e the stop loss order gets cancelled too. This is more of a confirmation kind of question.

2. My second question is, if my orders are quite far off to be visible in the DOM e.g. 100 ticks away, then the only way to access the order for modification is by going to the unfilled orders window and right-clicking and bringing up the "Modify" dialog. Is there any way to "compress" the DOM to be able to view these orders and then drag drop them for adjustment?

3. The third question is - if stop loss orders, for e.g., of two different orders reside on the same price level they are shown bunched up as a single (additive) number and there is no way to quick cancel (or move) only one of the orders by clicking on them. So I need to go to the "Modify" dialog again. Is there an easier way to do the cancellation / modification of a single order via the DOM?

Visit my NexusFi Trade Journal
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  #14 (permalink)
 
CTS1's Avatar
 CTS1 
Chicago, IL
 
Experience: None
Platform: CTS
Trading: oil
Posts: 49 since Feb 2013
Thanks Given: 4
Thanks Received: 71


iqgod View Post
Three questions:

1. If I have entered auto-OCO orders and click on an open order, say the target order, thus cancelling it, I assume that the counterpart order i.e the stop loss order gets cancelled too. This is more of a confirmation kind of question.

2. My second question is, if my orders are quite far off to be visible in the DOM e.g. 100 ticks away, then the only way to access the order for modification is by going to the unfilled orders window and right-clicking and bringing up the "Modify" dialog. Is there any way to "compress" the DOM to be able to view these orders and then drag drop them for adjustment?

3. The third question is - if stop loss orders, for e.g., of two different orders reside on the same price level they are shown bunched up as a single (additive) number and there is no way to quick cancel (or move) only one of the orders by clicking on them. So I need to go to the "Modify" dialog again. Is there an easier way to do the cancellation / modification of a single order via the DOM?

1. Once an Auto OCO order is filled and the limit and stop are working, you can cancel one leg without the other being canceled. In a regular OCO order if you cancel one leg the other will automatically cancel.
2.No, you can't compress but you can use the scrolling arrows to reach the order or right click on the red/blue center button and you can type in the price and the ladder will go to that price.
3. If you right click on the working order on the DOM an order ticket will populate with the separate orders so you can cancel or modify the order you want. This way you don't need to leave the DOM and go to the order book.

Thanks Brian

If you have any questions about the products or services provided by CTS, please send me a Private Message or use the BMT " Ask Me Anything" thread
Follow me on Twitter
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  #15 (permalink)
 Itsjustamarket 
Richmond,UK
 
Experience: Beginner
Platform: TT
Broker: TT,
Trading: FGBL
Posts: 17 since Aug 2010
Thanks Given: 0
Thanks Received: 30

Hi brain,

Just the ability to chart user defined spreads, and i would be out of TT and over to CTS.

Any ideas on the time line...

thanks

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  #16 (permalink)
 
CTS1's Avatar
 CTS1 
Chicago, IL
 
Experience: None
Platform: CTS
Trading: oil
Posts: 49 since Feb 2013
Thanks Given: 4
Thanks Received: 71


Itsjustamarket View Post
Hi brain,

Just the ability to chart user defined spreads, and i would be out of TT and over to CTS.

Any ideas on the time line...

thanks

We are in the final phase with our auto spreader which will also include the feature to chart defined spreads. We hope to have it in Beta in March and if all goes well release sometime in April.

Thanks Brian

If you have any questions about the products or services provided by CTS, please send me a Private Message or use the BMT " Ask Me Anything" thread
Follow me on Twitter
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  #17 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
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Just a note to all, Brian will be back on futures.io (formerly BMT) for a full webinar presentation on Thursday, May 2nd @ 4:30 PM ET.

The topic will include new CTS T4 features such as their new auto-spreader and new options platforms.

More details as we get closer to the event.

Mike

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  #18 (permalink)
TheDude
london
 
Posts: 165 since Jan 2012
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I'd like to see:

1. The ability to enter negative prices in the order ticket (essential for spreads - and an issue you will get more of if introducing an autospreader). It's a bit annoying having to scroll through the prices - which is the only way to adjust a price from an existing quote.

2. When I open an order ticket off the quote board (how I tend to trade spreads), it would be good if I could save the ticket type as advanced. Every time I open a ticket, I have to change it to advanced.

3. It would be good if I could see depth of market from the Quote Board as in other platforms, rather than having to open up a Contract window.

Overall, a nice and stable platform though. Nice work!

  #19 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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Tip


There will be a Live AMA session on Tuesday, March 12th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/459590470




Mike

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  #20 (permalink)
 crazybears 
Alesia E.U.
 
Experience: Intermediate
Platform: Sierra chart
Trading: Futures
Posts: 168 since Feb 2011
Thanks Given: 146
Thanks Received: 115


Hi

I'm using CTS with Sierra charts and i'm very satisfied , all works fine.
I'd like to have the price of futures formatted as it's formatted by the exchange , i.e.: ES or CL on CTS are shown and sent without period 151675 and 9102 i have to convert them in order to display with SC.
with CL ,during fast market , very few times i noticed a little lag in the reception of the data, compared with TT or Iqfeed , do you plan to increase the bandwith and velocity of the data feed ?
Regards
Max

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Last Updated on July 6, 2018


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