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CTS T4 and Brokers
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CTS T4 and Brokers

  #1 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
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CTS T4 and Brokers

Hi all, this thread is for opinion and experiencies on CTS T4 and Brokers that offer it.

CTS T4 is come out as an interesting platform with a very good DOM and reliable and fast feed, build in Market Profile, API for developers.

Brokers that offer it can be found here.

I am grateful to anyone who wants to share his experience.

Luke.

Take your Pips, go out and Live.
Luke.

Last edited by LukeGeniol; June 25th, 2010 at 09:49 AM.
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  #2 (permalink)
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  #3 (permalink)
Elite Member
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Dorman Trading


Dorman Trading offers T4 as his main platform under the name of Dorman Direct.

I emailed them to ask some information on account, commission, day margin...etc. and this is their reply:

Dorman Trading is an FCM that does open accounts in Euros only as well as US Dollar and Australian Dollars. Minimum account size to open with is $5,000 in risk capital although we accept 3K to start. Margin on the ES or 6E is $500 to $1,000 depending on how aggressive of a trader you are. Commission rate for the ES starts at $4.80 a round turn and the currencies start at $5.72.
Platforms to choose from include Ninja Zen Fire, Dorman Direct (T4), and Strategy Runner with T4 feed. If you are an options trader we also offer the QST platform.

It seems to me that they have a little high commission rate, but they offer segretated account.

Luke.

Take your Pips, go out and Live.
Luke.
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  #4 (permalink)
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Hmm.

So is it 5k or 3k? And is it $1000 or $500 margin, it just seems odd to me the wording of their email.

Since you already have an email going with them, can you ask them to quote round turn on CL and what the margin is. Just out of curiosity and to save me an email, lol

I'd like to see some screen shots of the DOM from sysforex even before I try the 2 week trial, just to see if its worth even doing that.

So is Dorman's white label version identical to this?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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  #5 (permalink)
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Big Mike View Post
Hmm.

So is it 5k or 3k? And is it $1000 or $500 margin, it just seems odd to me the wording of their email.

5k it's the regular minimun account , but if someone ask they open with 3k too.


Big Mike View Post
Since you already have an email going with them, can you ask them to quote round turn on CL and what the margin is. Just out of curiosity and to save me an email, lol

No prob., I will.


Big Mike View Post
I'd like to see some screen shots of the DOM from sysforex even before I try the 2 week trial, just to see if its worth even doing that.

So is Dorman's white label version identical to this?

Mike

I tried it and seem good, DOM is fine I like it, feed are quick, volume is right, compared with CME one (look here), but I made a quickly comparison with NT/Zen-Fire DOM, and this last seems to me quicker.

Dorman Direct is T4.

BTW I'm interested becouse of NT problem, but If I have to pay such commission rate......

Luke.

P.s. I'd like too hear somenthing from sysforex too on real trading, like the executions...

Take your Pips, go out and Live.
Luke.
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  #6 (permalink)
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Do you know if the DOM has a static ladder, I've grown used to that with NT, I don't think I could handle trading a dynamic ladder.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #7 (permalink)
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Futures Experience: Advanced
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Big Mike View Post
Do you know if the DOM has a static ladder, I've grown used to that with NT, I don't think I could handle trading a dynamic ladder.

Mike

Both.

I tried to make a short video but somenthing didn't work, when I have time I will re-try.

BTW this is a screenshot.

Luke.

Take your Pips, go out and Live.
Luke.
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  #8 (permalink)
Elite Member
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Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
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Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received

T4 fee

This is the reply from Dorman on CL commission and on clarification for the high rate:

Margin for the CL could be set at $1,000. Commission on crude $5.42. Commission on ES $4.50, commission on the 6E $5.42. The Dorman Direct platform fee is $1 because it is fast and efficient. I would be able to drop rates on 6E and ES 20 cents after you show that you are an active trader. But I am giving you Crude $1 over cost and 6E and ES $1.20 over cost that that is a more than fair starting rate for the T4 platform.

So as I thought T4 has fee, I saw that also other Broker, Advantage Futures, applies fee to T4.

Luke.

Take your Pips, go out and Live.
Luke.
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  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,145 received

So, what is the total commission+ALL fees rate for CL and ES then? Because he was using word commission so if that also doesn't include exchange fees and nfa fees then they are really high when you also add another $1 for their platform.

I hate to keep having you as middle man But what do they classify as 'active trader' ? What is the magic number of trades per month? In other words, he should say it's $1 per trade T4 fee with a maximum of $50 a month, or maximum $500 a month, or who knows what.

Thanks for being the guinea pig Luke

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #10 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


I think the rate include all the echange and nfa fees, but I do not understood if include the platform fee too.

mmmm......

Luke.

Take your Pips, go out and Live.
Luke.
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