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Optimus Futures trading broker review


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Optimus Futures trading broker review

  #461 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
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shzhning View Post
I was surprised to see mattz's post about streamlining process for sierra chart demo with rithmic was deleted for vendor self promotion. Yes, it is vendor promotion, but how else would users know about this nice feature, from a vendor that the community here has faith in?

Unsolicited self-promotion is not allowed. He wasn't addressing a question, but solely posting new promotional material.

I'm sure he has a mailing list you can subscribe to, or view his website/blog etc. Users are free to discuss his products and services, we simply don't allow vendors to use posts to create promotional content.

Mike

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  #462 (permalink)
 shzhning 
Madison, NJ
 
Experience: Intermediate
Platform: CQG/TOS
Broker: Optimus/CQG
Trading: ZN/TN/ES/NQ
Posts: 134 since Jun 2010
Thanks Given: 65
Thanks Received: 112

I don't use optimus, and does not subscribe to mattz's emai list/blog. That's why I find that post beneficial from a non-customer/potential customer point of view.

I also fully understand the policy against vendor self promotion, but just feel it's overly harsh in this specific case.

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  #463 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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shzhning View Post
I don't use optimus, and does not subscribe to mattz's emai list/blog. That's why I find that post beneficial from a non-customer/potential customer point of view.

I also fully understand the policy against vendor self promotion, but just feel it's overly harsh in this specific case.


@shzhning Thank you.
The last post (from my perspective) was just to show some progress we have made between the integration of Rithmic and Sierra. Quite frankly, We don't have many ways to show our progress rather than sites such as this, because our main resources are reinvested internally in technology and process.

Having said all that, I understand that it is hard to maintain a forum and in general brokers may seem to be overly aggressive in pursuit of customers. Therefore, there rules at times can not be bent or broken despite the limitations it may bring.

In the future, we will try to bring this to trader's attention either via our forum and/or social media outlets that are within our domain. I don't want to have "self-promotion" attached to our thread.

Thanks,
Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #464 (permalink)
SgtJ
new york,ny
 
Posts: 51 since May 2010
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Matt I first learned about the new server side OCO feature between optimus/rithmic and sc here...thank you.

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  #465 (permalink)
 robert880 
Chicago + IL
 
Experience: Beginner
Platform: NT
Trading: ES
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What about server managed bracket orders? Is this link below update? And how does historical daily data work with Rithmic (with Sierra)? Do we have to get IQ feed for that?

Optimus Futures Trading Service - Sierra Chart

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  #466 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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robert880 View Post
What about server managed bracket orders? Is this link below update? And how does historical daily data work with Rithmic (with Sierra)? Do we have to get IQ feed for that?

Optimus Futures Trading Service - Sierra Chart

ok, so there are a few things that are unique to the Optimus/Rithmic/SierraChart package.
We do provide historical charts for our users, and server side OCO over Rithmic.
As far as server managed bracket orders, this is something that Rithmic and Sierra are now discussing.
I suggest that also consider R-Trader (free with Sierra) if you wish to manage your bracket orders.
In my personal opinion they way they implemented it is very advanced.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #467 (permalink)
 robert880 
Chicago + IL
 
Experience: Beginner
Platform: NT
Trading: ES
Posts: 68 since Feb 2014
Thanks Given: 221
Thanks Received: 56

Is that Sierra's historical back fill service or something unique to Optimus.... for the Rithmic backfill (historical charts you spoke of)? And what is the fee structure on that if you are talking about something different than Sierra's service.

Last question. Is there a discount on the Sierra monthly fee with the Optimus/Rithmic/Sierra package? I thought I read that somewhere. Thanks,


mattz View Post
ok, so there are a few things that are unique to the Optimus/Rithmic/SierraChart package.
We do provide historical charts for our users, and server side OCO over Rithmic.
As far as server managed bracket orders, this is something that Rithmic and Sierra are now discussing.
I suggest that also consider R-Trader (free with Sierra) if you wish to manage your bracket orders.
In my personal opinion they way they implemented it is very advanced.

Matt


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  #468 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


robert880 View Post
Is that Sierra's historical back fill service or something unique to Optimus.... for the Rithmic backfill (historical charts you spoke of)? And what is the fee structure on that if you are talking about something different than Sierra's service.

Last question. Is there a discount on the Sierra monthly fee with the Optimus/Rithmic/Sierra package? I thought I read that somewhere. Thanks,

Historical data for SierraChart is provided by SierraChart from their own servers for Optimus users. There is not any additional fees for this historical data other than the standard SierraChart platform fee.

The monthly special for Optimus users for Sierra is $27.5 (instead of $40 per/month) for Package 5.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #469 (permalink)
 superpete 
Montreal, Quebec
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Trading Group/Rithmic
Trading: CL
Posts: 69 since Oct 2009
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Ok so it seems if I migrate to AMP, I have to connect ninjatrader through CQG, I can't keep Rithmic. Is that true?

Pierre

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  #470 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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superpete View Post
Ok so it seems if I migrate to AMP, I have to connect ninjatrader through CQG, I can't keep Rithmic. Is that true?

Pierre

AMP has access to Rithmic. You could ask your current FCM to connect to it.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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