I've noticed that many times throughout the day, the SierraChart DOM will process an order as a buy order, but on other platforms it comes through as a sell order (and vice versa)
Like today for example, in FGBL the SierraChart DOM was telling me that 182 contracts were bought at 166.18, whereas when I checked the Jigsaw DOM and S5 Trader they were telling me 182 contracts were just SOLD.
Which platform do I trust? Will switching to a new data feed fix the problem or will it make no difference?
I don't fully understand what you mean by "it's all about how you interpret the data."
If the SierraChart DOM is telling my 200 just bought at market and the Jigsaw DOM is telling me 200 just sold at market, isn't that completely opposite information, regardless of how I interpret it?
Does that mean switching to a different data feed will fix the issue?
The following user says Thank You to TraderDean for this post:
No - the data is fine - S5 is fine, Jigsaw is fine.
Like I said - the tickstream isn't a time and sales, so on the software side the vendor has to do certain things to make sure it prints on the right side. Not all vendors do it.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
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Every single trader should first see what the data shows on the native application.
Gain Capital shows on Gain Trader
Rithmic Shows on R Trader CQG shows on CQG Trader, CQG Desktop, etc.
This is where the first reference should be.
All of the above should be the same if they report unfiltered data.
If your 3rd party application shows different data than the native app, then you need to configure it to show what the native does. As far as I know, you can't make a third party application API data to show "better" than the native app as far as I know. Correct me if I am wrong.
Third parties such as Sierra Data (Bar Chart) and DTN IQ could potentially show more accurate data than your data feed. If your third party not configured right to the native API, then consider it.
My statements are general and do not pertain to any 3rd party.
Thank you,
Matt Zimberg
Optimus Futures
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