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Transact is still supported but Sierra Chart will eventually require a direct account with them, and discontinue offering their charting software through a broker.
This means you will be able to keep using Infinity and Transact and Sierra Chart. but you'll pay Sierra directly for the software.
Can you help answer these questions from other members on NexusFi?
Well they confirmed it today. From April 1st all sierra chart accounts will go directly through them. My costs will go from $36/month via AMP to $56.40/month.
It's a shame, I did always like Sierra charts.
Investor R/T is $50/mo for the core platform, and $5-$30/mo for multiple add-on packages.
You could easily spend $150/mo to get comparable to Sierra's Package 3. https://www.linnsoft.com/pricing
You are forgetting that most people receive packages through brokers that cost no where near that amount. Still doesn't make it acceptable for a price increase like that.
The other free packages that brokers offer do not have the features that the broker-offered SierraChart had.
Depending on your trading style, you might be able to use one of the other free packages.
But if you require the features that Sierra Chart has, it's still a bargain to pay less per month than you would for comparable features of other platforms.
I'm sure they did it because the pickup of demand for the product. They believe they have a great product and are pricing it where they think is most beneficial to their company. Sure they may lose a few subs but in the long run they will come out ahead.
The AMP deal was good for them to build a user base and introduce people to the platform but at some point unless AMP is subsidizing the free or discounted plans then the deal becomes kinda one sided.
Compare it to Netflix, they started at a relatively cheap price then through studies and price discovery they have raised the rates because all data so far has shown people will pay it.
That's not true. For example, AMP offered the package 3 or 5 which were exactly the same as the packages Sierra offered via their website but at a heavily reduced price (package 3 was free and package 5 was $25).
