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Optimus or Velocity
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Optimus or Velocity

  #11 (permalink)
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No, you get 1 day of historical bid/ask data with Rithmic.

Also, Optimus doesn't provide you anything, it's Vision who provides it.

With DTN/IQFeed you get 30 days.

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  #12 (permalink)
Elite Member
Las Vegas, NV
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Optimus/Rithmic
Favorite Futures: es
 
Posts: 36 since Aug 2010
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Well, if you want to get technically about it, I am fully aware that it is Vision who provides the datafeed. I realize you cannot not get more than 1 day of historical data via other brokers. But you do get it from Optimus. I have in the past when I installed a new SC instance on another pc and I just opened a NQ chart which I never use and 30 days of bid/ask data was downloaded. I suspect that Optimus stores the data on its servers and provides it as a service to its clients just like Ninja stores ZF data on its servers.

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  #13 (permalink)
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sctrader View Post
Well, if you want to get technically about it, I am fully aware that it is Vision who provides the datafeed. I realize you cannot not get more than 1 day of historical data via other brokers. But you do get it from Optimus. I have in the past when I installed a new SC instance on another pc and I just opened a NQ chart which I never use and 30 days of bid/ask data was downloaded. I suspect that Optimus stores the data on its servers and provides it as a service to its clients just like Ninja stores ZF data on its servers.

rather than to argue what we dont know for sure and we assume... why dont we let @mattz comment on what he provides and where the historical data comes from.. if his own servers or basically a contract with VFM to provide the additional historical data.

overall, I prefer DTN/eSignal/CQG historical over any broker provider... but then again, it comes down to what you are using your historical data for...

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  #14 (permalink)
Elite Member
Prague, Czech Republic
 
Futures Experience: Advanced
Platform: AgenaTrader, Track'nTrade
Broker/Data: DeCarley/OEC, IBKR, IQFeed
Favorite Futures: futures, options
 
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sysot1t,

thanks a lot for a helpful info. i will also consider crossland (ddt).

rgds

rani



sysot1t View Post
interesting, anyhow... TT vs. Rithmic... there are lots of factors.. but most importantly please keep in mind that NT7 with TT has issues, period; specially when it comes to overnight holding (if that is what you were doing)...


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  #15 (permalink)
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Prague, Czech Republic
 
Futures Experience: Advanced
Platform: AgenaTrader, Track'nTrade
Broker/Data: DeCarley/OEC, IBKR, IQFeed
Favorite Futures: futures, options
 
Posts: 180 since Sep 2010
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@sysot1t

obviously quoted wrong post previously. anyway, thanks a lot to you and metal trade, also for suggesting ddt. gave a call to howard, we'll see. nice thing they have a wide selection of platforms, most datafeeds (tt, cqg, rithmic,..). well, i am geeting off my own topic -

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  #16 (permalink)
Trading for Fun
new york,ny
 
Futures Experience: Intermediate
Platform: sc
Favorite Futures: er2
 
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FWIW broker ranking recently posted on futures.io (formerly BMT), though I don't have the link.

Rank: as of sept 2010 based on customer equity.
29. - Vision (Optimus, though Vision directly has lower rates)
42. - Velocity
44. - Crossland (DDT)

I thought I saw a more recent ranking w/different #'s, please post/correct if you
have something different.


SC collects their own data via broker feeds to generate backfills. I guess
they have a deal w/ Optimus to offer a more robust backfill then other
Rithmic providers. IE, if you use TT, you recv their TT collected data when
backfilling.

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  #17 (permalink)
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FCM Ranking by Deposits

Here is a ranking by deposits as of 1/2011... I have added a column that shows their excess net capital as a pct of the total customer funds on segregated accounts... I personally like to see a min of 2%... the more the better as a failure on risk management from the company wont then impact the customer accounts.

I have included the most common and those that most people discuss on this forum are highlighted as well. Needless to say, anything with over 10% is great, and anyone with 100%+ is just the most secure one IMO.

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Optimus or Velocity-fcms.png  
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  #18 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Posts: 2,046 since Sep 2010
Thanks: 1,918 given, 2,750 received
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Hello Everyone,

Some things I want to clarify, others FCM do offer Rithmic with R-Trader, but from the research that I have conducted they cant direct Rithmic to other platforms like NinjaTrader, etc so we have quite a niche there.

There is a Bid/Ask data provided with Rithmic BUT it is stored on the servers of the platform, and not Vision. They don’t have servers to support history. So in the example of NinjaTrader, we do provide historical Ask/Bid Data.

Lastly, some of you think that going directly with an FCM will cost you less, and that is absolutely NOT true. There could be cases where you do 10K RTs a month, and there you could get an advantage, but for most retail guys we are an awesome fit.
We start our ES @ 4.00 RT ALL IN
That includes exchange, routing fees, and our commissions.
Some members here are paying even less because they do have volume.

Rithmic, which feeds the majority of our platforms, has been stable.
Most our customer choose Ninja, and they together as a combo its been also very stable. Let me tell you further, I do a lot of automation using NinjaTrader getting signals from other software, and our slippage has been reduced substantially.
I stand behind the technology we represent.

Its not the cheapest feed (Rithmic), but we have negotiated with our FCM and Rithmic prices that allow us to be competitive and we don’t pose each other a “threat” in terms of competition.

Naturally, I want to gain as many customers as possible, but I do respect individual choices and needs. So here are some things that will help you choose a broker besides price:
Does the Broker know the technology and platform sold?
Knowing both technically and the ability to see your trades on his end.
Will he help you personally help you if you are stuck? Trade desk should be secondary to a broker but also offered as an alternative.
Lastly, you want to get along…this might be the person that you will be talking to for a very long time. You want to know of changes in technology, margins, cost etc that would be conveyed to you.

I wish you well wherever you trade and I mean this sincerely. Like Mike always says "Competition is Good!"
Hey at least I am here ready to take your bullets,

Matt

PS. This is the weekend, but I will come back to this post again to give you details about historical data.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; March 13th, 2011 at 02:33 PM.
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  #19 (permalink)
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mattz View Post
Lastly, some of you think that going directly with an FCM will cost you less, and that is absolutely NOT true. There could be cases where you do 10K RTs a month, and there you could get an advantage,

the above is an inaccurate statement...

assuming you are quoting ES for $4RT, Velocity Futures (VF) directly without an IB with Ninja/TT is $3.82RT for <2499 contracts, which includes the DOM Fees... which is less than $4RT... they also provide tiered pricing as one changes the volume through out the month, which means lower fees on average.

Advantage futures can quote less than Velocity or even Crossland, and that is with 5K contracts per month or 2500RT.. CTS Futures will be in par with Crossland; MFGlobal will be on par with VFM... and I can go on with comparisons ...

it is a misconception that one has to trade 10K RT to get the better than published rates.. actually, trading 10K per month would reduce quite considerably anyone's FCM transaction costs... and guarantee you quite a number of rebates.. but that is another story...

now, with Vision Financial Markets (VFM), as I stated on my original post, one has to go through an Introducing Broker as they wont deal directly with you for futures... and with them, in this case you(Optimus) is in fact competitively priced as one of their IB..

Intro Brokers have to make their $$$, and their markup is their revenue for providing the customer service; that is not to say their markup is known or should be disclosed.. I more than understand the business model and I am all for it...

IB's have value, and you are very much correct; that value comes from the relationship one develops with the broker. I could have in fact lowered my fees by going directly with Velocity, but I go through VCAP because of my account rep, no other reason. That is not to say that Dale Box is not a good rep, I actually have never spoken with him, but rather that I worked with someone I liked and I dont mind paying the additional 10-20c comms for them to take care of my accounts.

At the same time, the broker is not always the main factor on the equation.. as an example, I like Interactive Brokers, not because of their hand holding (which we all know doesnt exist) but because of their product breadth and platform features. If I wanted to trade only futures, I would say that IBKR is not the best, but if you want to trade anything under the sun, then IBKR is the best.

in the end, it is a personal choice.. but bypassing an Intro Broker can very well get you better rates if the FCM cares to provide you with them.

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  #20 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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sysot1t View Post
the above is an inaccurate statement...

assuming you are quoting ES for $4RT, Velocity Futures (VF) directly without an IB with Ninja/TT is $3.82RT for <2499 contracts, which includes the DOM Fees... which is less than $4RT... they also provide tiered pricing as one changes the volume through out the month, which means lower fees on average.

Advantage futures can quote less than Velocity or even Crossland, and that is with 5K contracts per month or 2500RT.. CTS Futures will be in par with Crossland; MFGlobal will be on par with VFM... and I can go on with comparisons ...

it is a misconception that one has to trade 10K RT to get the better than published rates.. actually, trading 10K per month would reduce quite considerably anyone's FCM transaction costs... and guarantee you quite a number of rebates.. but that is another story...

now, with Vision Financial Markets (VFM), as I stated on my original post, one has to go through an Introducing Broker as they wont deal directly with you for futures... and with them, in this case you(Optimus) is in fact competitively priced as one of their IB..

Intro Brokers have to make their $$$, and their markup is their revenue for providing the customer service; that is not to say their markup is known or should be disclosed.. I more than understand the business model and I am all for it...

IB's have value, and you are very much correct; that value comes from the relationship one develops with the broker. I could have in fact lowered my fees by going directly with Velocity, but I go through VCAP because of my account rep, no other reason. That is not to say that Dale Box is not a good rep, I actually have never spoken with him, but rather that I worked with someone I liked and I dont mind paying the additional 10-20c comms for them to take care of my accounts.

At the same time, the broker is not always the main factor on the equation.. as an example, I like Interactive Brokers, not because of their hand holding (which we all know doesnt exist) but because of their product breadth and platform features. If I wanted to trade only futures, I would say that IBKR is not the best, but if you want to trade anything under the sun, then IBKR is the best.

in the end, it is a personal choice.. but bypassing an Intro Broker can very well get you better rates if the FCM cares to provide you with them.

I appreciate the time you took to comment. But, you took one sentence out of what I said and made that an independent statement when in fact I was referring to my situation OR an IB that has the RTs to justify a very low rate with their FCMs. Maybe I should have made it more clear, and I apologize if I didn't.

As for prices, we have most guys start as 4 for ES and lower, and again we do the best we can because of the feed.
I suspect that some feeds are cheaper than Rithmic, but because I have been working with it for such a long time I have learned to rely on its stability. Some guys use Rithmic technology but charges way higher than us.
Also consider this: FCMs employ their own internal sales guys, and who says you will be passed to a guy that is more competitive than an IB? I know this because I did work for an FCM for years, and i know how it works internally.
Like you said "if an FCM cares" and the same goes for an good solid IB. FCMs also price their customers according to reasonable market pricing they are not always that generous just because . Some big FCMs also have big ad $$ that are reflected in glossy brochures, ads in trade magazines, booths in trade shows, etc. Those $$ they try and recover with an extra quarter here and there LOL

We truly try and be fair. The underlining philosophy that drives me is as follows: Day Trading is hard and you cant have day trading commission "eat" into one's account. An intelligent approach from a brokerage perspective is to try and help and help in order to gain a long term customer until he this game right.

Again, thank you for your insight as to how you think of FCMs, IBs and reps.
This is like the best user group for me as a broker. In the end I see humanity beats everything and I am really glad to hear you like your rep.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; March 13th, 2011 at 11:03 AM.
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