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Is Trading Technologies TT unreliable?


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Is Trading Technologies TT unreliable?

  #11 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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TraderAnna View Post
No, I am on SIM and I only used their SIM. I just know a friend who used it a lot on live until he movet to cryptos,both new TT and Xtrader, and he said that this one or Stellar is the best by far despite the price. It is amazingly easy to create all kind of order types in ADL. I am not a trading veteran but I havent seen anything like that before. I can imagine that it does give an edge for the bigger players.

Thanks. I was actually asking @SMCJB, who is a trading veteran and has written about TT before.

But I appreciate your experience with it also.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #12 (permalink)
TraderAnna
Budapest,Hungary
 
Posts: 22 since Aug 2021
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ahh, sorry

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  #13 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
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Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
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Frequency: Many times daily
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bobwest View Post
So, do you use and/or recommend TT now?

Bob.

Do I use it? Yes been using it almost exclusively for about 15 years.

Would I recommend it? Depends what you need it for. It's a lot of product and it's expensive, so I doubt the average more retail orientated trader would need it, or be able to justify the cost of it. If your a professional though, and moving a lot of volume, and execution is a priority then yes very easy to recommend.

For me personally
  • I use their "Algo Design Lab" ("ADL") which as far as I know has no comparison in the futures space.
  • I trade on ICE's less known exchanges which most competitors do not offer/connect to.
  • I'm a very heavy autospreader user.
While their are some competing autospreader products, I believe the only competitor that also connects to the ICE exchanges that I need is CQG and they are even more expensive than TT!

So for me at least, the only other option would be CQG, which has less functionality and costs more. If I were to eliminate ICE, that would change, but ICE is about 25-30% of my business so that's still important.

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  #14 (permalink)
TraderAnna
Budapest,Hungary
 
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SMCJB View Post
Do I use it? Yes been using it almost exclusively for about 15 years.

Would I recommend it? Depends what you need it for. It's a lot of product and it's expensive, so I doubt the average more retail orientated trader would need it, or be able to justify the cost of it. If your a professional though, and moving a lot of volume, and execution is a priority then yes very easy to recommend.

For me personally
  • I use their "Algo Design Lab" ("ADL") which as far as I know has no comparison in the futures space.
  • I trade on ICE's less known exchanges which most competitors do not offer/connect to.
  • I'm a very heavy autospreader user.
While their are some competing autospreader products, I believe the only competitor that also connects to the ICE exchanges that I need is CQG and they are even more expensive than TT!

So for me at least, the only other option would be CQG, which has less functionality and costs more. If I were to eliminate ICE, that would change, but ICE is about 25-30% of my business so that's still important.

Maybe Stellar? I never saw the platform, but there was a prop firm in my country (the first and last one as well) and they only used this platform. The cost is unfortunately similar to TT.

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  #15 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
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There are several other autospreader alternatives, Stella, BTS, Cunningham, etc but none of them connect to ICE markets I need.

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  #16 (permalink)
patrooney
Duluth MN
 
Posts: 2 since Jan 2018
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External communication is a huge priority at TT, Sean. I know that for a fact as I'm involved in that upgrade. Let me know if you have any questions in particular.


SMCJB View Post
They had a 20 min ICE outage last week, where orders were left on the exchange with no way to cancel, so not completely resolved.

One of my most frustrating things about new TT vs XTrader, is lack of communication/information. As already mentioned XTrader had a lot more information in the audit trail about what was going on plusI would call my broker and they would tell me (remember it was broker specific hardware)
  • what the problem is
  • if I can bypass the problem how,
  • if not what their eta is on fixing it and finally
  • afterwards a recap of what went wrong, why and what they will do to make sure it won't happen again.
With new TT I get
  • no information, just "engineers are looking at it", with no eta
  • a promise of an explanation of what happened once they resolve it - which almost never happens


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  #17 (permalink)
colm73
old town usa
 
Posts: 7 since May 2023
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old thread..
I was looking for a trading tecnologies forum...and this forum came back in my search. I just started chatting here a month ago.
I am in the web based futures plus.

my account is down, and their status web site says nothing is wrong.
first time since enrolling, several months now..but what terrible timing it is.

tech support took 20 minutes to tell me their servers are experiencing some problems.

with current news events, I had my account open and had plans today and tomorrow..
looks like i'll be missing the fun as of now.

I am now staying open to suggestions...

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  #18 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207

It's apparently an AWS issue.
Not making excuses, an AWS issue is the same as a TT issue.
Apparently the status page is wrong and can't be updated because it is updated via AWS!
Will point out this didn't happen with XTrader!

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  #19 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207

@colm73 its back up

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  #20 (permalink)
 
LonnieMSP's Avatar
 LonnieMSP 
Minneapolis
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Optimus Futures, TT
Trading: ES, NQ, CL, GC, FGBL, 6E, various others
Posts: 31 since May 2019
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TT was down. I use AMP for clearing and they were unable to close out my trades because of it. It's frustrating and I am angry and I'm sure the "pick yourself up from the bootstap folks will point out the error I had in trusting one data-feed instead of having multiple. I was under the understanding that a broker could close out positions regardless of data-feed, but boy did I learn a lesson today.

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Last Updated on June 15, 2023


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