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Trading Technologies / Patrick Rooney (Product Manager) - Ask Me Anything (AMA)


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Trading Technologies / Patrick Rooney (Product Manager) - Ask Me Anything (AMA)

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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Patrick Rooney (the Product Marketing Manager at Trading Technologies) will be monitoring this thread so that he may answer any questions that you post here about the products and services offered by Trading Technologies (commonly abbreviated to TT).

He will be posting as the FIO user @TradingTech and you can mention him by that name in other threads as needed.

Please keep in mind that some customer service/technical support issues are best handled through proper channels.

Patrick has 20+ years experience as a trader, starting on the CME floor, moving to managed futures, prop trading, bank / FCM order desk, and hedge fund management. Patrick has been with TT for over 10 years.

You can find more about Trading Technologies on their website:
https://www.tradingtechnologies.com/

Feel free to ask any questions below and we'll do our best to get them answered.

The FIO Ask Me Anything (AMA) series is by invitation only.

Mike

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  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
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Broker: IBKR
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Posts: 50,396 since Jun 2009
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Hi @TradingTech Patrick,

I'd like to get us started with a few of the questions I've seen a lot of FIO members asking, so we can consolidate them into this thread:

1. Which operating systems/mobile platforms is the TT charting and execution platform compatible with?

2. What brokers are supported?

3. Does TT have a plan to sunset the older X_Trader product? Will it continue to receive updates? Can you share details?

4. Is there a free trial for the TT platform? How does a user signup for it if so?

The other members can take it from here...

Thanks,
Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
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  #3 (permalink)
 
TradingTech's Avatar
 TradingTech 
Chicago, IL
 
Experience: Master
Platform: X_TRADER, TT
Trading: ES, NQ, ZN, CL, 6E
Posts: 167 since Feb 2016
Thanks Given: 72
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Big Mike View Post
Hi @TradingTech Patrick,

I'd like to get us started with a few of the questions I've seen a lot of FIO members asking, so we can consolidate them into this thread:

1. Which operating systems/mobile platforms is the TT charting and execution platform compatible with?

2. What brokers are supported?

3. Does TT have a plan to sunset the older X_Trader product? Will it continue to receive updates? Can you share details?

4. Is there a free trial for the TT platform? How does a user signup for it if so?

The other members can take it from here...

Thanks,
Mike

Thanks for the questions Mike!

1. The TT platform is compatible with Windows & iOS and we have an Android version of the phone app, TT Mobile to go along with the iPhone version.

2. Our current list of brokers includes ADM, Advantage, AMP, BNP, Citigroup, Credit Suisse, Dorman Trading, MBF, Nirvana Technology Solutions, RHB Securies, RJ O'Brien, RCG, Scotia Capital, UOB & Wedbush.

3. X_TRADER will not be retired anytime soon and we will continue to support it as long as the demand is there. We have continued building upon X_TRADER and adding functionality.

4. Yes, free 30 day trials of the TT platform are available and you may use this link or simply type "trade.tt" into a browser.

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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  #4 (permalink)
mpxtreme
New York
 
Posts: 52 since Dec 2013
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"4. Yes, free 30 day trials of the TT platform are available and you may use this link or simply type "trade.tt" into a browser."

Hi Patrick,

a) How is this 30 day free trial any different compared to the free 10 min delayed demo account that I've been using?

b) Will the free 10 min delayed demo accounts continue to be available and if not will the algos that I've developed be erased without warning?

c) Is there a tentative release date for ADL to come out of "beta"?

d) Can you share any details on the new Analytics Block?

e) I've heard that the pre trade credit check will be stored with the algos,can you explain the difference in routing and it's positive effects on order execution latency between TT Web ADL and Legacy ADL?

f) Can the TT Algo " TT Bracket" be combined with or triggered by user constructed algos? If so is this a function of the yet to be released one algo triggering another?

Thanks!
mpxtreme

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  #5 (permalink)
 
TradingTech's Avatar
 TradingTech 
Chicago, IL
 
Experience: Master
Platform: X_TRADER, TT
Trading: ES, NQ, ZN, CL, 6E
Posts: 167 since Feb 2016
Thanks Given: 72
Thanks Received: 122

Hello @mpxtreme. Thank you for the questions.

a) How is this 30 day free trial any different compared to the free 10 min delayed demo account that I've been using?
>>> It is the same. If you wish to get a live demo you must have a relationship with a FCM. @mattz is active in this forum and may be able to assist you with that.

b) Will the free 10 min delayed demo accounts continue to be available and if not will the algos that I've developed be erased without warning?
>>> You need to create your own company in the TT system to easily transfer your demo logic to a live TT account. The 10 minute delayed data demo environment will still be available when you go live, however, your credentials will change and will not longer be associated with your demo credentials and logic created there. You may work with TT support or support with your FCM to move your algos in demo to live production. You'll need to act on this prior to creating a live account.

c) Is there a tentative release date for ADL to come out of "beta"?
>>> Yes. The beta tag will be removed from ADL in the next few weeks.

d) Can you share any details on the new Analytics Block?
>>> The ADL Analytics Block will not be released for a few months and there's not much to say about it. If you would like to build some of the functionality on your own, there are numerous sources for help doing that in our Community page.

e) I've heard that the pre trade credit check will be stored with the algos,can you explain the difference in routing and it's positive effects on order execution latency between TT Web ADL and Legacy ADL?
>>> Making the credit check in the algo itself saves a hop as the order does not need to route through risk. You've a more direct path to market which reduces latency.

f) Can the TT Algo " TT Bracket" be combined with or triggered by user constructed algos? If so is this a function of the yet to be released one algo triggering another?
>>> No, you may not link an algo to the TT Bracket order type. You are correct in that this requires "algos driving algos" functionality which will be released by the end of the year.

Best regards-

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
Follow me on Twitter
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  #6 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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TradingTech View Post
Hello @mpxtreme. Thank you for the questions.

a) How is this 30 day free trial any different compared to the free 10 min delayed demo account that I've been using?
>>> It is the same. If you wish to get a live demo you must have a relationship with a FCM. @mattz is active in this forum and may be able to assist you with that.
......

Thank Pat. In order to receive a demo you would need to ask for it here: https://optimusfutures.com/TradingTechnologies-Platform.php we also prepared a series of videos along with the TT team to help you through the education of the platform: [yt]https://www.youtube.com/playlist?list=PLOGjoJXp0cmo4feMrO_dW648IkYIK5fIR[/yt]

Thank you,
Matt Z
Optimus Futures

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

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
  #7 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
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Quotes from the old TT thread, now redirected here.


TradingTech View Post
The TT platform is not intended for retail traders only and we have many professional traders actively using TT. TT is an institutional level trading platform that is also available to retail traders.


mattz View Post
Pat, I wanted to ask you about your experience with retail versus institutional/professional traders trading needs. Do you find that there is any difference in execution needs between professional retail traders and Pros? I truly do not see such a gap for the most part.

We service CTAs, commercial hedgers, and retail. But, I never see such difference in terms of needs as both require good execution , flexible orders management and good real time reporting. In essence, I saw the same thing with X Trader, where you had prop shops who used it along with retail customers. I don't feel that TT is any different in that regard. It has the elements to service both groups (retail and pros) quite well from what I see.


TradingTech View Post
There are a few tools required by sell side brokers that differ from retail and large commercials and CTAs have some unique requirements but when it comes to pure execution, no, there's no difference. The same order types, the same co-lo servers, the same set of execution tools are used by the leading hedge funds and investment banks that are used by retail traders on the TT platform.

@TradingTech and @mattz based upon these replies you seem to have a specific definition in mind when you talk about retail and professional traders. I'm curious what that definition actually is?

Personally I think of a professional trader as somebody who trades for a living, be that for an institution, prop shop or even for their own account and a retail trader as somebody who doesn't treat it as a career. The reason I ask is, under my definition, I think there are very few retail traders paying $1500/month or more for trading software, never mind high end collocation. As such I think your definition is probably different from mine?

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  #8 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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@SMCJB I would be more than happy to discuss this with you, however this is a thread dedicated to TT questions and I would like to keep it as such. I am concerned that this kind of topic will attract many comments, and again I want to keep it "clean" for technical questions. If you create new thread, I would be more than happy to address it there. Thank you for your understanding.

Matt Z
Optimus Futures

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

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
  #9 (permalink)
 
TradingTech's Avatar
 TradingTech 
Chicago, IL
 
Experience: Master
Platform: X_TRADER, TT
Trading: ES, NQ, ZN, CL, 6E
Posts: 167 since Feb 2016
Thanks Given: 72
Thanks Received: 122


SMCJB View Post
Quotes from the old TT thread, now redirected here.




@TradingTech and @mattz based upon these replies you seem to have a specific definition in mind when you talk about retail and professional traders. I'm curious what that definition actually is?

Personally I think of a professional trader as somebody who trades for a living, be that for an institution, prop shop or even for their own account and a retail trader as somebody who doesn't treat it as a career. The reason I ask is, under my definition, I think there are very few retail traders paying $1500/month or more for trading software, never mind high end collocation. As such I think your definition is probably different from mine?

@SMCJB Retail, as defined by the CFTC as well as FINRA, is a very broad group.

Retail Customer: A customer that does not qualify as an eligible contract participant under Section 1a(12) of the Commodity Exchange Act, 7 USC 1a(12). An individual with total assets that do not exceed $10 million, or $5 million if the individual is entering into an agreement, contract, or transaction to manage risk, would be considered a retail customer.
CFTC Glossary - CFTC

I'll also note that the TT platform does not cost $1500. TT Standard starts at $50. https://www.tradingtechnologies.com/platforms/pricing/

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
Follow me on Twitter
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  #10 (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: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192



mattz View Post
@SMCJB I would be more than happy to discuss this with you, however this is a thread dedicated to TT questions and I would like to keep it as such. I am concerned that this kind of topic will attract many comments, and again I want to keep it "clean" for technical questions. If you create new thread, I would be more than happy to address it there. Thank you for your understanding.

Actually its a "Trading Technologies / Patrick Rooney (Product Manager) - Ask Me Anything (AMA)" thread and I was specifically asking Pat (and you) a question. I moved it to this thread from the old TT thread for that reason and intentionally didn't add it one of the dozens of pro vs non-pro threads.

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