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DeepDiscountTrading Broker
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DeepDiscountTrading Broker

  #261 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received

too expensive for 1; too much competition for 2;


tomgilb View Post
Transworld Futures' FCM is Ironbeam and they are also discontinuing TT FIX data.

The only FCMs that still offer TT are AMP Futures and Advantage Futures, and their Introducing Brokers.

I can't get a consistent reason why TT FIX is being dropped by many FCMs. It ranges from 'risk management' to 'no need for so many feeds'.

too expensive, especially when their unique dome has lost its uniqueness in the world of HFT's and other work arounds

too much competition has invalidated what made TT (which made the earliest automation methods possible) so unique in the early years.

one has to constantly innovate their products, or build it to sell it business model.

the business model where you retire off your assets has long ago melted under the heat on invention and being in such a dynamic marketplace

its not surprising that TT is losing its entrenched base, as so many thousands of retail traders voted with their accounts at brokers that didn't have those fixed costs and fees, and as such, those firms lost their volume edge. Wasn't this something similar to what happened with Velocity Futures and quite a few others?

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  #262 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received

I read this thread again, and in the light of so many stable names, (at least that was the old impression) have burped and bellied up....

looking at a new broker relationship has suddenly become relevant.

one thing that I do not like about this referenced broker is their 888 phone number does not work.

massive red flag!!!

can anyone else attest as to their viability?

they evidently require $5,000 initial balance and ask that you stop trading at / below $2,000
they charge $25 to force a stop out on margin violation and that's reasonable and common..
they have some of the most attractive day trade margins...
they publically state they are for high volume traders and institutions and will tolerate retail accounts (as long as you don't get in their way or take too much time), ok, those are my impressions.....

anyone else can vouch for these guys?, they really seem like a very good deal (pm me)

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  #263 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM RTY
 
Posts: 296 since Nov 2009
Thanks: 125 given, 338 received



kronie View Post
I read this thread again, and in the light of so many stable names, (at least that was the old impression) have burped and bellied up....

looking at a new broker relationship has suddenly become relevant.

one thing that I do not like about this referenced broker is their 888 phone number does not work.

massive red flag!!!

can anyone else attest as to their viability?

they evidently require $5,000 initial balance and ask that you stop trading at / below $2,000
they charge $25 to force a stop out on margin violation and that's reasonable and common..
they have some of the most attractive day trade margins...
they publically state they are for high volume traders and institutions and will tolerate retail accounts (as long as you don't get in their way or take too much time), ok, those are my impressions.....

anyone else can vouch for these guys?, they really seem like a very good deal (pm me)

I just called the 888-407-7918 and Howard answered. You must have misdialed.

Howard at DDT has been nothing but helpful and courteous, with very fast responses. He posts the all-inclusive commissions, has no recurring account fees, rates and margins are low, and has many data feeds/charting packages available. I recommend them. It's just too bad that their FCM (Crossland) is dropping TT.

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  #264 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


tomgilb View Post
I just called the 888-407-7918 and Howard answered. You must have misdialed.

Howard at DDT has been nothing but helpful and courteous, with very fast responses. He posts the all-inclusive commissions, has no recurring account fees, rates and margins are low, and has many data feeds/charting packages available. I recommend them. It's just too bad that their FCM (Crossland) is dropping TT.

thanks, in that case! all is well then! excellent. Carry on!

Yes Suh!

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  #265 (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


kronie View Post
too expensive, especially when their unique dome has lost its uniqueness in the world of HFT's and other work arounds

too much competition has invalidated what made TT (which made the earliest automation methods possible) so unique in the early years.

one has to constantly innovate their products, or build it to sell it business model.

the business model where you retire off your assets has long ago melted under the heat on invention and being in such a dynamic marketplace

its not surprising that TT is losing its entrenched base, as so many thousands of retail traders voted with their accounts at brokers that didn't have those fixed costs and fees, and as such, those firms lost their volume edge. Wasn't this something similar to what happened with Velocity Futures and quite a few others?

TT FIX through a platform like SierraChart still provides one of if not the lowest trading cost trading feeds, which is also fast, unfiltered, and stable/reliable. I have not seen a better feed in terms of speed, stability, and cost.

Those who were using TT through Crossland, what are you switching to? I have stayed with DDT and switched to Rithmic, but may open another TT account with Amp for the lower TT routing fees/more reliable feed.

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  #266 (permalink)
Elite Member
France
 
Futures Experience: Advanced
Platform: MT4/NT
Favorite Futures: YM, DAX, Fx, CFD
 
Posts: 14 since Oct 2010
Thanks: 8 given, 12 received


Futures Operator View Post
TT FIX through a platform like SierraChart ....

How do you handle the absence of account balance information ?
Does it present major inconveniences ?

TTNet Trading Service - Sierra Chart

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  #267 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


Futures Operator View Post
TT FIX through a platform like SierraChart still provides one of if not the lowest trading cost trading feeds, which is also fast, unfiltered, and stable/reliable. I have not seen a better feed in terms of speed, stability, and cost.

Those who were using TT through Crossland, what are you switching to? I have stayed with DDT and switched to Rithmic, but may open another TT account with Amp for the lower TT routing fees/more reliable feed.

Really wanted to go with AMP for their TT but their lawsuit against futures.io (formerly BMT) made me reconsider.

Any other broker offering TT at a low cost other than AMP?

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  #268 (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


geott View Post
How do you handle the absence of account balance information ?
Does it present major inconveniences ?

TTNet Trading Service - Sierra Chart

It works ok to figure out daily PnL through the Chart Trade Windows and sum them in your head, plus you get daily PnL statements. There is supposed to be a summary view in the Trade Stats for Charts tab of the Trade Orders and Positions window, but it has been problematic and Sierra has been trying to iron out the issues, which may be resolved now. Some of which are caused by the TT FIX adapter not supporting overnight reporting, and having to use an Order Fill Calculated Position setting in SC. Supposedly with TT on Amp, their FIX adapter supports overnight reporting, but I am still waiting for them to get back to me and confirm this, and they haven't been responsive for a few days.

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  #269 (permalink)
Trading Apprentice
Fort Worth, Texas
 
Futures Experience: Advanced
Platform: CTS T4
Broker/Data: Stage5
Favorite Futures: ES
 
Eric B's Avatar
 
Posts: 49 since Jun 2013
Thanks: 2 given, 15 received

yea, +1 for Howard. Been with him since Christmas-ish, no issues, prompt and professional on the communication too. Yesterday I had a datafeed issue, and Crossland (the FCM that DDT IB's for) was being a bit slow to get back to me - so I contacted Howard about it. Got the issue resolved within an hour!

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  #270 (permalink)
Trading for Fun
Los Angeles, CA
 
Futures Experience: Beginner
Platform: ThinkorSwim
Favorite Futures: Softs
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received


Hello:

I have been asking Howard Lender some questions about his company and I am a little stumped with the latest answer he provided. By the way, he has been very responsive and cordial. Couldn't ask for better responsiveness on his part.

With that said, I though I would appeal to some current customers to help explain in more detail questions I have about using Sierra Charts and getting access to historical data.

Howard wrote the following back to me:


Quoting 

For the Sierra Chart (SC) trading platform, we offer 3 different Feeds to provide your real-time data / order-routing directly to the Exchanges :

1) Rithmic Feed for .25 cents per contract.
2) CQG Feed for .05 cents per contract & $10/Mth.
3) CTS Feed for .50 cents per contract with a $25/Mth "Minimum".

All 3 Feeds are very Fast & Stable because these vendors are implementing the latest technologies connected directly to the Exchanges.

The Rithmic Feed & the CTS Feed both have access to real-time Intraday & Historical Chart Data.

But the CQG Feed "requires" a Real-Time & Historical Futures Feed in order to receive real-time Intraday & Historical Chart Data.

Learn more about the SC Real-Time & Historical Futures Feed : Sierra Chart Real-Time and Historical Exchange Data Feed - Sierra Chart

But if you only need real-time streaming quotes for the CQG Feed, then it is available for an xtra $10/Mth by CQG.

SC will also include a "Simulated" trading mode for continuous paper trading so you can learn their platform and test your strategies.

Learn more about the SC Platform Packages starting from $20/Mth : Pricing - Sierra Chart


To make sure we are on the same page here, historical data merely refers to being able to have access to intraday, daily and weekly data on futures contracts, correct?

It seems like the Rithmic and CTS are pretty self explanatory. However, his CQG response puzzled me. If I select the CQG option, then I am basically paying the .05 cents per contract and $10 month to simply have access to placing orders on the Sierra Charts platform? And then in order to get chart data and historical information I need to purchase additional data?

Can someone please clarify? Thank you.

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