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Thanks for your input and recommendations Rani...i am on the cusp of change and am using a sponsored MC with Rithmic from Optimus..
May be a dumb question, but I am at that level when it come to tech..., Are you saying that I have to pay for the Rithmic feed independent of establishing an account with Optimus or is it all included...
trader
Can you help answer these questions from other members on NexusFi?
It's all right. If I understand you well - the fee for the broker's feed is included in your commission (you do not have to pay anything to Rithmic).
@mattz will respond more accurately for sure
You are 100% correct. We quote our commissions along with the feed prices.
There is no extra for Rithmic.
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]
The Rithmic feed could be expanded into multiple machines. You Don't have to pay extra for that and R/Trader is free along with NinjaTrader. You would use the same logins. Some customers choose R/Trader with Ninja, not instead because of the OCO orders that reside on Rithmic's servers. Many still choose Ninja's full version on it's own without anything additional because it appears to be stable and fine with Rithmic.
There seems to be other providers that members choose over Rithmic and you could try them as well.
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]
Hi Rani, your posts have been very helpful as I have been trying to do the same thing, using Sierrachart for the DOM/charting. Thanks!
Just curious why you say that you dont have to pay the the TT fees? In any case the TT fees has now increased to 15c from 5c, so in terms of cost both DDT & Velocity are now the same i think.
I do have to pay the TT fees, everyone does. What I mean is that I do not pay the commissions as listed on the website - it is possible to negotiate lower based on volume, etc.
So if I wanted to avoid using IQFeed (as I dont need historical backfill or market depth) and am relying on the broker's feed (Rithmic or TT-FIX as I use Sierrachart) for accurate and fast price charts, do you think TT-Fix will do the job as well as Rithmic?
Also i'm curious for DDT/TT/Sierrachart, if there is no customer portal, how do you check for confirmations on trades done, live P&L update or download statements?
There has been done a lot in comparing TT - Fix to Rithmic. I personally think both will do the job well. TT - Fix very much depends on its implementation by the FCM (their servers), where Rithmic does not face this kind of problem (it is direct). I experienced Rithmic to be a little faster, but not that much to make it any difference in my trading or to justify its higher costs. I think TT - API (X_Trader) and CQG are still fastest and most reliable. There might be other factors, which would have influence (i.e. ping time to/from the server, etc.).
There is a customer portal (RanWeb), however it lacks many features of those from some other FCMs. You get daily statements via email or you can download them. For live PL you would have to depend on Sierra...
