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DeepDiscountTrading Broker
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DeepDiscountTrading Broker

  #51 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,170 received

Guys I am not speaking from experience here. So you should check anything I say.

But, are you saying that NinjaTrader doesn't support FIX? Because if it does, then why would Velocity need to know you are using NT. Just get FIX, plug it into NT, and be done with it. You can buy static dom credits from NT directly.

Mike

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  #52 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,170 received


MetalTrade View Post
Mike, you forget to add $0,1 if you trade ninjatrader on velocity. That adds another $0.2 RT. Even if you don't use the static dom, you have to pay $0.1 for the TT datafeed license per side.

I've emailed my rep so I can better educate myself. Will see what he says.

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
 
  #53 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,170 received


Moderator Note
BTW, let's stop these posts. Let's move any future Velocity stuff to the Velocity thread, here:



https://futures.io/brokers-data-feeds/4641-experience-velocity-futures.html

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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  #54 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received

Cunningham Commodities

If looking for deep discount, and dont really care about the interface not being NinjaTrade(which is not that big of a deal)... you can look at Cunningham Commodities, LLC which can trade on CME, CBOT, NYMEX, ICE, EUREX LIFFE and KC. The minimun account opening is similar to IBKR, $10,000, and their commissions are lower, $1/RT. They match IBKR Margin at 50% for day trading. Just another alternative, even if not using NT7.

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  #55 (permalink)
Banned: User asked to be banned
Calgary, Canada
 
Futures Experience: Intermediate
Platform: Multiple
Broker/Data: Multiple
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Deucalion's Avatar
 
Posts: 430 since Aug 2009
Thanks: 103 given, 1,207 received

First post here in 2years nearly. Took much back and forth here. Here's my 2cents - had an account with howard at DDT (Howard is exceptional and you won't go wrong with him). However Vision matched my costs with the Rithmic NT engine so I went back to Vision (I really wanted Rithmic I guess)

Here was my break down on TT NT costs -
YM - 3.3RT (+0.10 per side TT royalty) = 3.5RT
TF - 3.3RT (+0.10 per side TT royalty) = 3.5RT
6E - 4.22RT (+0.10 per side TT royalty) = 4.42RT
ES - 3.3RT (+0.10 per side TT royalty) = 3.5RT

Since then the exchange fees have gone up 0.02cents

All this is equivalent to 0.50 per side + (exchange fees) + 0.10x2 TT royalty. At the end of the month you are supposed to get back TT fees from Crossland such that it becomes 0.05 per side (you get back 45 cents per side). The effective cost is then -

0.05 per side + exchange fees + 0.20 TT royalty. So for ES for example the net is -
0.10 + 2.32 + 0.20 = 2.62RT

I said you are "supposed to". I never did - and I stopped caring because I was already back to Vision (and you need to check RTrader - if you scalp - you are doing yourself a disservice if you don't - it is that good a platform). Minimal latency and fully hosted redundancy with Real time PNL...I made a short review on my blog..if some cares to check.

Also, just added a sample from my daily statements for cost so you can check for yourself -

Attached Thumbnails
DeepDiscountTrading Broker-1.png  

Last edited by Deucalion; December 29th, 2010 at 01:42 PM. Reason: Spelling
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  #56 (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

@Deucalion, I see DDT offers Rithmic on some platforms, like SierraChart, are you aware why not for NT?

Take your Pips, go out and Live.
Luke.
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  #57 (permalink)
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Calgary, Canada
 
Futures Experience: Intermediate
Platform: Multiple
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Deucalion's Avatar
 
Posts: 430 since Aug 2009
Thanks: 103 given, 1,207 received

In October when I moved to DDT, they were setting up Rithmic for NT, but it fell through, Rithmic NT have specific alliances and they refused to give one to Crossland and DDT. i spent weeks with Howard and Brian Hofferica (trading Applications manager at Crossland trying to sort it.

No go, so I was forced to move. because i do not scalp the extra cost reduction with either NT-TT or Rtrader is not such a deal breaker

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  #58 (permalink)
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Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received

R-trader is $0,80 per contract per trade RT. If you trade 3 or 10 contract a time, what kind of a joke is that ??

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  #59 (permalink)
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Calgary, Canada
 
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Posts: 430 since Aug 2009
Thanks: 103 given, 1,207 received

Seems odd, please talk to Steven Silver at Vision. I was quoted no such thing. Even the base rate without any special accouunt size consideration is as is shown here

Vision Financial Markets - Futures, Securities & Options | Brokerage, Clearing & Technology

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  #60 (permalink)
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Futures Experience: Beginner
 
Posts: 1,081 since May 2010
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Deucalion View Post
Seems odd, please talk to Steven Silver at Vision. I was quoted no such thing. Even the base rate without any special accouunt size consideration is as is shown here

Vision Financial Markets - Futures, Securities & Options | Brokerage, Clearing & Technology

Look at the bottom of that page you just posted, at PLATFORM PRICE.

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