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Ninja and PATs. Who is happy or not and why?
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Ninja and PATs. Who is happy or not and why?

  #1 (permalink)
Elite Member
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Posts: 798 since Jun 2009
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Ninja and PATs. Who is happy or not and why?

Hi All,

Some people I'm working with have PATs (PAT Systems) as their only commercially-viable front end to their broker. Its complicated, but it is what it is.

Are there any Forumites who are using Ninja with PATs and what has been your experience please?

I've read mixed reviews and my past experience with PATs is mixed (to be polite), but those reviews and experiences may be out of date.

Any fresh input or perspectives would be most welcome.

Thanks.

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  #2 (permalink)
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  #3 (permalink)
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MX, curious as to why you are researching this. I was under the impression it is a pretty old system.

Mike

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  #4 (permalink)
Elite Member
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It is, but PATs doesn't hold a monopoly on having old systems out there. Some key infrastructure in this business is still on W2003 and I've heard stories of some stuff still running on W2K servers. But I digress.

If you are a member of the SGX Derivatives Exchange and have less than $5M in your account, there are really only three brokerages here you can clear SGX contracts with. Their front end offerings are basically X Trader, PAT Systems, and an older product now owned by Sungard (GL Win).

PATs J-Trader is the most widely used platform here, and it is free or low cost depending on your volume. I'm working with some exchange members whose only commercially-viable front end is PATs. They are small and the $1,800/month X Trader fees are a burden. PATs/Ninja is an alternative.

When it works.

There is some new plant being built at the Singapore exchange itself this year which will make it the fastest in the world (until somebody builds something faster ). They are introducing it on the equities side first, then derivatives later in the year. I'm hoping the clearing brokers and the ISVs step up their game to meet that, but in the meantime its J-Trader for most of these guys and gals.

This really only applies here, but I know J-Trader has a pretty big installed user base around the world and is white lablled to some major FCMs.

Hence the question...

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  #5 (permalink)
Trading for Fun
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Futures Experience: Intermediate
Platform: Ninja,Jforex,MT4
Broker/Data: DukasCopy,AMP,Alpari,TickMill
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Couple years ago I used broker and they used PATS,
I had so many problems, I stopped placing orders with ninja. I put orders usisng jtrader.



MXASJ View Post
Hi All,

Some people I'm working with have PATs (PAT Systems) as their only commercially-viable front end to their broker. Its complicated, but it is what it is.

Are there any Forumites who are using Ninja with PATs and what has been your experience please?

I've read mixed reviews and my past experience with PATs is mixed (to be polite), but those reviews and experiences may be out of date.

Any fresh input or perspectives would be most welcome.

Thanks.


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  #6 (permalink)
Elite Member
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Futures Experience: Advanced
Platform: SaxoTrader
Broker/Data: SaxoBank
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Posts: 290 since Dec 2009
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Here is the list of brokers supporting PATsystems through Ninja :

ActivTrades: ActivTrades - Forex, CFD, Futures. MT4 and MT5. No Commissions
Berkeley Futures: Futures broker options brokers - Berkeley Futures
Daniels Trading: Commodity Brokers, Futures Trading and Alternative Investments | Daniels Trading
Eminis.com: Eminis.com - emini charts | emini quotes | emini futures brokers | emini futures trading
Investors Europe: Investors Europe - Offshore Stock Brokers Gibraltar online trading platforms FX Futures Stocks CFDs: home
MF Global: Leading Cash and Derivatives Broker-dealer | MF Global
Penson: ..:: Penson ::..
AOS, Inc: Welcome to AOS Inc. | Securities, Options & Futures Broker
Global Futures: Global Futures | Platforms - NinjaTrader
Olympus Futures: Olympus Futures

Does everyone have an opinion on which one would be the best ? (I've had awful issues with ActivTrades in the past)

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  #7 (permalink)
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Washington DC
 
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I used to use Global Futures with Strategy Runner and was very happy with that combo, but when I wanted to use NinjaTrader(I am very happy with it), my broker told me if I was wed to Ninja, all they had was PATS, and that I wouldn't be happy with it. So I left them. I am now using Ninja with PFG, and so far very happy.

Pete

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  #8 (permalink)
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Posts: 26 since Jul 2010
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Ninja/Pats

Time-based charts appear to work OK, but I seem to have problems with tick charts. I assume the data is filtered in some way so that the tick quantity is not accurate.

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  #9 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
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solution: do not use PATS, done!

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  #10 (permalink)
Trading for Fun
Europe,Nomad
 
Futures Experience: Intermediate
Platform: Ninja,Jforex,MT4
Broker/Data: DukasCopy,AMP,Alpari,TickMill
Favorite Futures: ES,YM
 
Posts: 85 since Nov 2010
Thanks: 25 given, 30 received



SARdynamite View Post
Here is the list of brokers supporting PATsystems through Ninja :

ActivTrades: ActivTrades - Forex, CFD, Futures. MT4 and MT5. No Commissions
Berkeley Futures: Futures broker options brokers - Berkeley Futures
Daniels Trading: Commodity Brokers, Futures Trading and Alternative Investments | Daniels Trading
Eminis.com: Eminis.com - emini charts | emini quotes | emini futures brokers | emini futures trading
Investors Europe: Investors Europe - Offshore Stock Brokers Gibraltar online trading platforms FX Futures Stocks CFDs: home
MF Global: Leading Cash and Derivatives Broker-dealer | MF Global
Penson: ..:: Penson ::..
AOS, Inc: Welcome to AOS Inc. | Securities, Options & Futures Broker
Global Futures: Global Futures | Platforms - NinjaTrader
Olympus Futures: Olympus Futures

Does everyone have an opinion on which one would be the best ? (I've had awful issues with ActivTrades in the past)

I don't know what situation is now, I recommend not use PATS with Ninja. Placing orders using JTrader which comes with PATS, is ok. but with ninja i think you are looking troubles. Couple years ago ninja didn't support historical data.

Those two offshore brokers ask sweet fees.

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