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DeepDiscountTrading Broker
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DeepDiscountTrading Broker

  #61 (permalink)
Banned: User asked to be banned
Calgary, Canada
 
Futures Experience: Intermediate
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Deucalion's Avatar
 
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that is cost to trade per side, as in transaction cost, for ES that would equate to 0.8 + 2.32 = 3.12RT. Refer to all the other platforms shown and finally call the FCM to verify

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  #62 (permalink)
 Vendor: www.velocityfutures.com 
Houston Texas USA
 
Futures Experience: Advanced
Platform: X_TRADER
 
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Big Mike View Post
I've emailed my rep so I can better educate myself. Will see what he says.

Mike

Hi Mike,

We pay Ninja 0.10 per side. The FIX adapter is 0.05 per side payable to TT. We have no way of knowing who is not using the Dynamic dome so all Ninja clients are charged.

Strategy Runner is also a FIX client BUT...SR charges us 0.25 per side for Lite, and 0.75 per side for Pro (in addition to the 0.05 per side FIX).

The TT FIX adapter commission structure is meant for those using their own (TT conformance approved) software, or platforms such as Sierra Chart or OpenQuant.

Best regards,

Dale

If you have any questions about our services at Velocity Futures please send me a private message.
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  #63 (permalink)
Elite Member
VT, USA
 
Futures Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker/Data: Mirus/Zen-Fire, IB
Favorite Futures: ES
 
Posts: 20 since Oct 2010
Thanks: 4 given, 4 received



Deucalion View Post
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 -

@Deucalion

Hi, how are you getting 3.50 R/T? Supposing you add in the increased .02 fees, that 3.52 R/T, but I'm getting 3.62 R/T.

The breakdown goes


ES = $1.66 per side

NT = .05 cents per side (For "Chart Trader" or "Dynamic SuperDom")

TT = .10 cents per side additional (For "Static SuperDom" thru TT credits on Ninja website)

Grand Total = $1.81 per side (or $3.62 RT) + $60 monthly if you lease Ninja (or $0 monthly if you own the Ninja Lifetime License).

The only way I figure people are getting the 3.5 R/T is that the NT 0.05 per side is waived when they get on the Static SuperDOM 0.10 per side. Could you please elaborate?

Also, how are your margins and when are the day-time margins in effect?

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  #64 (permalink)
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hoeman View Post

Also, how are your margins and when are the day-time margins in effect?

DeepDiscountTrading.com - .50 Cents Per Side + Fees

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  #65 (permalink)
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Deucalion's Avatar
 
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hoeman..you answered your own question. The routing fees as dale box elaborated is open to negotiation with brokers/FCMs.

"Written in stone" costs like exchange fees and TT royalty fees are by definition..."written in stone". Routing fees are not. I got the same answer at DDT/Xland as well as Vision....and each setup....NT/TT, NT/Rithmic, RTrader has a little (or a lot) of leeway w.r.t to routing fees (aka what is your trading size and/or negotiating skill).

Margins are not important to me, I can live with full maintenance margins since I am risking less than 2% on trades. But with Vision at least, the intraday margin is certainly not as good as, say a lot of others. Please call the FCM.

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  #66 (permalink)
Elite Member
VT, USA
 
Futures Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker/Data: Mirus/Zen-Fire, IB
Favorite Futures: ES
 
Posts: 20 since Oct 2010
Thanks: 4 given, 4 received

Ok, got all that now. I have another question. How is the TT feed? I believe in another thread here, Big Mike mentioned that TT feed isn't a true tick feed and is a 250 ms burst feed. Is that true?

I know there is a thread called Zen-Fire vs TT vs DTNIQ, and as mentioned, I have read it, but it doesn't go over this or it might have and I missed it or the answer was really dated.

Thanks for the reply, I'd greatly appreciate it.

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  #67 (permalink)
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Futures Experience: Beginner
 
Posts: 1,081 since May 2010
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TT isn't a charting datafeed, it's an ordering datafeed. How do I know ? I ended up with huge gaps, data was missing. Wrong bid/ask data was delivered.

Useless for my type of charting. I switched to a real datafeed and my problem was fixed.

Hey, we all want a free top notch quality datafeed like TT, Rithmic and Zenfire claims. It's not happening, you will need to pay for it. Esignal/CQG/DTN-IQFeed/Kinetick comes to mind. Are they free ? Hell no, why ? Think about it.

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The following user says Thank You to MetalTrade for this post:
 
  #68 (permalink)
Elite Member
VT, USA
 
Futures Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker/Data: Mirus/Zen-Fire, IB
Favorite Futures: ES
 
Posts: 20 since Oct 2010
Thanks: 4 given, 4 received

Ok, I hear you.

I do want to get DTNIQ eventually, for internals and all that.

On a similar note, do you have any experience with TransAct? How does TransAct stack up against TT and Zen-Fire?

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  #69 (permalink)
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From what I have heard it's good to drive their DOM, who isn't bad.

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  #70 (permalink)
Elite Member
VT, USA
 
Futures Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker/Data: Mirus/Zen-Fire, IB
Favorite Futures: ES
 
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MetalTrade View Post
From what I have heard it's good to drive their DOM, who isn't bad.

Their DOM? Is that the Infinity AT?

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