I gather that they have many people who have raised similar issues, so they are now aware of the concern and are looking into it.
TT have a large proportion of the prop trading firms. I suspect that they will eventually come out with a version where you (or your broker) can host/support your own architecture/setup and not have to use theirs. Unfortunately since the base product itself still isn't finished yet I suspect that this is not on the near horizon.
On a positive note I continue to hear very good feedback on how fast the new product is versus the old product.
The following user says Thank You to SMCJB for this post:
I have looked through several videos but its not clear whats the difference between the TT Standard and Pro. It does say Pro for Autotraded, ADL etc. The term on the website is (Market access to all features including Autospreader®, Aggregator, third-party algos, TTSDK™ and ADL®
My questions are for the TT Standard at 50 bucks a month, do we get
b) Ability to trade exchange traded spreads on the DOM and view through the Spread Matrix and then trade it
c) On the demo, there are no options: So can we look at futures options with greeks in say Market grid and then trade it?
I can ask TT as well - wondering if someone knows
If yes to all, then we have a web based platform close to CQG Q trader for about the same price (and Qtrader is not web based)
Just so we are the same page. TT now market two platforms, 'The TT Platform' their new semi-cloud based, semi-colocated product and their legacy XTrader system, which comes in the Standard and Pro versions. I believe the difference between Standard and Pro are the automated trading features, mainly Autospreader & ADL.
a) I believe charting in the new system is standard. In the old system you need the X_Study addin. I 'think' but am not sure that this is free, but that many brokers will charge you for access as it involves them (the broker) maintaining a historical database. The database is tick-by-tick and even includes bid-ask etc, not just for outrights but for all exchange traded spreads as well. As such this is a massive amount of data that the broker has to gather and maintain. Another point here, if your broker is anything other than 100% on the ball I believe their data my have gaps. Should be noted that XTrader isn't known for it's charting.
b) Yes. TT were the original develops of DOM. They have a patent on it and many other systems develops pay them a fee to use it. The DOM is used in order management not only directly into the market but also for things like autospreaders.
c) In XTrader you can trade options, create exchange supported strategies, use autospreaders etc. As far as I am aware there are no greeks though. Not sure about the new system, but would assume it's the same and potentially better.
The following 2 users say Thank You to SMCJB for this post:
Thanks for your inquiry. Yes, charting is included, Spreadmatrix, MD Trader. The ability to trade futures and options as your FCM permissions. If you upgrade to the TT Pro version then you will get access to ADL, Algo's, Autospreader. So you are correct, you would need the TT Pro version to import and use an algo created in X_TRADER.
Regarding no Option greeks in the TT demo that we can sign up for
Thanks for the feedback. Unfortunately options and their greeks are not available in the Delayed Prices environment, however they are available in the Production Live and Sim environments.
The Spread Matrix is designed for matching different outright contract months and displaying those outrights as spreads. This widget does not display options or their greeks.
We will be delivering more features for options on futures in the next few quarters. This will include an Options Chain widget, which will allow for options and their greeks to be displayed by strike, rather than in the Market Grid. If there are any other issues please let us know.
Note: I have always searched and searched for info like this - it feels to give back a bit.. thanks BigMike..
The following user says Thank You to jokertrader for this post:
Yes, charting is free with the new TT platform. We don't charge for it on X_TRADER either however some FCMs pass along a charge for supporting the server required for X_STUDY. All of the servers in the new TT platform are owned and managed by TT so there's now tacked on charges from FCMs.
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