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Webinar: Nextrader Overview, what is it and why do you want it?
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Webinar: Nextrader Overview, what is it and why do you want it?

  #41 (permalink)
Elite Member
Chicago Il USA
 
Futures Experience: Intermediate
Platform: sierra chart
Favorite Futures: ES
 
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I haven't contacted TT yet, but they do show the following:

User Setup Help: Before You Begin

https://www.tradingtechnologies.com/company/about/campusconnect/

In turn, with the new software-as-a-service (SaaS) TT platform, students have access to the real-world technology used by financial professionals around the globe via any laptop, Android or iOS device—truly bringing the marketplace to the classroom.

and Application Comparison Chart | Advantage Futures

has it listed " Trading Technologies Next Trader "[ not my FCM] no pricing etc


so, are the FCM's dragging their feet on this? Cost to the retail client?

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  #42 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
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mattz View Post
I did not realize it applied to Nextrader as well. I believe that during the webinar here the web version was presented(?)
Was that released with the new TT?

Just so we are all the same page. Trading Technologies now have two product lines that look (at least from a color scheme perspective) similar.

First the legacy XTrader suite originally launched in 1994 that includes the original Autospreader, ADL, XTAPI, X_Risk, X_Study etc. The last major version of this was 7.17 released in Sep '13. I have been told by Trading Technologies that there will not be a version 7.18/8.0 etc. ie there will be no further development of this product.

The new product TT, (once called Nextrader) was launched in Mar'15. The choice of name is a little confusing because people used to call both the company and the old XTrader product both TT. This is the web/browser based product (although there is also a desktop version). It is the product discussed in this webinar and thread. As already mentioned the product is an interesting cloud/collocation hybrid. A lot of the none latency dependent functionality is cloud based, but all the execution functionality is all collocated on TT's hardware (and not the brokers) at the exchange. This product includes the new autospreader, ADL and has things like charting built in rather than as separate packages (although some of this functionality is not available yet). While the legacy products where all windows based the new gateways for this product are all unix based which along with the complete code rewrite is supposed to make TT significantly faster than XTrader.

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  #43 (permalink)
Market Wizard
Boca Raton
 
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Platform: Variety
Broker/Data: Optimus Futures, LLC
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balanced View Post
I haven't contacted TT yet, but they do show the following:

User Setup Help: Before You Begin

https://www.tradingtechnologies.com/company/about/campusconnect/

In turn, with the new software-as-a-service (SaaS) TT platform, students have access to the real-world technology used by financial professionals around the globe via any laptop, Android or iOS device—truly bringing the marketplace to the classroom.

and Application Comparison Chart | Advantage Futures

has it listed " Trading Technologies Next Trader "[ not my FCM] no pricing etc


so, are the FCM's dragging their feet on this? Cost to the retail client?

This is not an FCM issue. We provide TT via 3 FCMs, while we also offer a free TT on a transactional basis only without any hosting or minimums.

The "campus" guys are not traders, and so the risk of execution, data, etc is not a concern.
Putting it in traders hands is a different story.

My questions were in particular to the "Nexttrader" and it's web capabilities.
I have enough contacts get the details right. Let me see what I can dig next week and update.

Matt

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #44 (permalink)
Market Wizard
Boca Raton
 
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Platform: Variety
Broker/Data: Optimus Futures, LLC
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SMCJB View Post
Just so we are all the same page. Trading Technologies now have two product lines that look (at least from a color scheme perspective) similar.

First the legacy XTrader suite originally launched in 1994 that includes the original Autospreader, ADL, XTAPI, X_Risk, X_Study etc. The last major version of this was 7.17 released in Sep '13. I have been told by Trading Technologies that there will not be a version 7.18/8.0 etc. ie there will be no further development of this product.

The new product TT, (once called Nextrader) was launched in Mar'15. The choice of name is a little confusing because people used to call both the company and the old XTrader product both TT. This is the web/browser based product (although there is also a desktop version). It is the product discussed in this webinar and thread. As already mentioned the product is an interesting cloud/collocation hybrid. A lot of the none latency dependent functionality is cloud based, but all the execution functionality is all collocated on TT's hardware (and not the brokers) at the exchange. This product includes the new autospreader, ADL and has things like charting built in rather than as separate packages (although some of this functionality is not available yet). While the legacy products where all windows based the new gateways for this product are all unix based which along with the complete code rewrite is supposed to make TT significantly faster than XTrader.

This is extremely helpful. Thank you for taking the effort to describe it and the thorough research.
I am interested in getting for our customers the web based version demo, because so far all I gave was the desk top.

Thanks,

Matt

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #45 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,123 since Dec 2013
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balanced View Post
so, are the FCM's dragging their feet on this? Cost to the retail client?

I can't answer that question specifically but it should be noted that for the legacy XTrader product, FCMs have had to rent collocation space and install and maintain servers to run the gateways. Hence they have made significant investments in their infrastructure, which is obviously factored into the fees their customers pay.

The new product takes all of that away from the FCM's and put's it into TT's hands as TT now host and supply the gateways. This obviously has bad implications for FCM's investments in their infrastructure. If I was an FCM, I would be upset about that.

I don't know what the new product costs (it's not fully functional for me yet) but would be surprised if its cheaper than the old product. The cynic in me suspect's that there will be a 'per lot' transaction fee, if not immediately but at some point down the road. Maintaining exchange infrastructure is expensive and Trading Technologies will have to recover those costs somewhere.

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  #46 (permalink)
Market Wizard
Houston, TX
 
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Favorite Futures: Energy
 
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mattz View Post
This is extremely helpful. Thank you for taking the effort to describe it and the thorough research.
I am interested in getting for our customers the web based version demo, because so far all I gave was the desk top.

My pleasure Matt - glad I could be of help.
May be worth @Big Mike getting Trading Technologies to do a follow up webinar.

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  #47 (permalink)
Market Wizard
Boca Raton
 
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SMCJB View Post
I can't answer that question specifically but it should be noted that for the legacy XTrader product, FCMs have had to rent collocation space and install and maintain servers to run the gateways. Hence they have made significant investments in their infrastructure, which is obviously factored into the fees their customers pay.

The new product takes all of that away from the FCM's and put's it into TT's hands as TT now host and supply the gateways. This obviously has bad implications for FCM's investments in their infrastructure. If I was an FCM, I would be upset about that.

I don't know what the new product costs (it's not fully functional for me yet) but would be surprised if its cheaper than the old product. The cynic in me suspect's that there will be a 'per lot' transaction fee, if not immediately but at some point down the road. Maintaining exchange infrastructure is expensive and Trading Technologies will have to recover those costs somewhere.

There is a lot of truth to what you are saying, and yes maybe there is something to be said about those FCM that took the time and effort to investment in the infrastructure. Never the less, as an introducing broker I am very happy that the infrastructure support will be at the hands of the technology companies, and not the FCMs. This is what I am used to over the years, where the data providers support their own infrastructure. FCMS, could still control risk, margin, etc so everyone in the end does what they are good at. Maybe there is a different side to that, that I did not consider, but now that the product has become so much more affordable, it's a blessing.

As far as the cost: Yes, there is a per lot cost now, but you can opt out of the monthly minimum software cost which I believe is $1,200.

Matt

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #48 (permalink)
 Vendor: tradingtechnologies.com 
Chicago, IL
 
Futures Experience: Master
Platform: X_TRADER, TT
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mattz View Post
There is a lot of truth to what you are saying, and yes maybe there is something to be said about those FCM that took the time and effort to investment in the infrastructure. Never the less, as an introducing broker I am very happy that the infrastructure support will be at the hands of the technology companies, and not the FCMs. This is what I am used to over the years, where the data providers support their own infrastructure. FCMS, could still control risk, margin, etc so everyone in the end does what they are good at. Maybe there is a different side to that, that I did not consider, but now that the product has become so much more affordable, it's a blessing.

As far as the cost: Yes, there is a per lot cost now, but you can opt out of the monthly minimum software cost which I believe is $1,200.

Matt

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Regarding cost of the TT platform, we have posted the price we charge FCMs on our website. The standard TT platform, which does not include Autospreader and ADL for algo design and execution, is $50 month plus a transactional fee. You may be capped at $1000. The professional version with the full suite of automation tools, Autospreader and ADL, is $400 and capped at $1800.

Keep in mind you will receive the exact same software used by the leading investment banks and hedge funds. Many of those traders you see talking on CNBC and other business news outlets will be using the exact same software as you.

https://www.tradingtechnologies.com/platforms/pricing/

You may try the platform by following this link: The TT Platform - TT's next-generation platform that allows you to trade anywhere?on any device.

Also, our distributors, and Matt Zimberg who is listed above is one of our fine distributors, can help you in getting a live account. You're also welcome to contact me here or on twitter: @patrickrooney

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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  #49 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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patrickrooney View Post
Regarding cost of the TT platform, we have posted the price we charge FCMs on our website. The standard TT platform, which does not include Autospreader and ADL for algo design and execution, is $50 month plus a transactional fee. You may be capped at $1000. The professional version with the full suite of automation tools, Autospreader and ADL, is $400 and capped at $1800.

Keep in mind you will receive the exact same software used by the leading investment banks and hedge funds. Many of those traders you see talking on CNBC and other business news outlets will be using the exact same software as you.

https://www.tradingtechnologies.com/platforms/pricing/

You may try the platform by following this link: The TT Platform - TT's next-generation platform that allows you to trade anywhere?on any device.

Also, our distributors, and Matt Zimberg who is listed above is one of our fine distributors, can help you in getting a live account. You're also welcome to contact me here or on twitter: @patrickrooney

Thank you very much for this update. We have made a tremendous to list all the prices correctly based on the info that the FCM provided. We will update our pages accordingly. We have made a comprehensive coverage of X Trader and in the near future we will add TT net content. It is phenomenal that you guys have made a product that is accessible to all futures traders!

Thank you,
Matt Z
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #50 (permalink)
Elite Member
Bangkok thailand
 
Futures Experience: Advanced
Platform: Multicharts, ninjatrader, tradestation, fxcm
Favorite Futures: Es forex
 
Posts: 116 since Jan 2015
Thanks: 128 given, 59 received


i am keen to move to nextrader - at the moment I spend about $600 total fees a week trading futures with interactivebrokers. I wonder what my TOTAL fees would be with be with a futures broker hooked into trading technologies.

i guess i am right in thinking TT doesnt connect with IB , what with the litigation and all?


Last edited by Forexoil; March 16th, 2016 at 02:30 PM.
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