Opened a new account with Optimus Futures (thanks Matt!) and trying to decide on a data feed. For use with Sierra. What is the best data feed especially for use with order flow reading on the DOM?
Any help and insight most definitely appreciated...
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You welcome and thank you for your business.
We can try both and you can decide what is best for your connectivity and execution.
Others can give you what has worked best for them. We are data neutral and will do whatever is best for you.
Thanks,
Matt Z
Optimus Futures
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I've tried both and they both seemed very good. My main reason for going with CQG was the RT costs. With my broker, CQG is $.20 round trip and Rithmic is $.50 round trip.
I'm not profitable yet (still 'in search of' the best method and discipline) so even $.30 per contract means a lot to me.
Hopefully we'll get a real trader to give you a better opinion
HTH,
LDog
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I use Sierra Chart's own data-feed. It works great. My logic, as a non-technical person, is as simple as saying it appears to be one less thing for me to worry about. If I a guy leases me a Rolls Royce then tells me that he's developed gas made specifically for the car he's leasing me, then I'm thinking I'll pay that guy flat-fee $35/month to know I'm leasing the car and the gas from the same guy. I suppose another vendor could say "my gas works in that car" and that might be true, but it won't be me coming on some bulletin board when there's a hiccup and two vendors blame each other. The SC data-feed is a flat fee for peace of mind/fast tick-by-tick data. More important to me, than the monthly fee for SC'a data-feed, is the per-trade cost. Some gas suppliers don't charge a monthly fee but their per trade costs aren't cheap. I use the Advanced Lower Cost Connection at CTS. It costs $0.10 per side or $0.20 per round-trip. That's a lot lower than CTS' regular $0.50 per side/$1.00 RT, and also lower than Rithmic from what I hear. The SC Advanced Lower Cost Connection at CTS is available at Optimus Futures if you're with one of their FCMs that has a relationship with CTS.
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