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Trading Technologies / Patrick Rooney (Product Manager) - Ask Me Anything (AMA)
TT state on their website that there is a transactional pricing plan for X_Trader of $0.30 per contract with a monthly cap. I even got a list of FCMs from TT that apparently offer it. However, any broker/FCM I approached says they only offer X_Trader on a monthly subscription.
I would be grateful if someone could give an example of a broker that could facilitate transactional pricing for X_Trader, please?
Are there any differences between X_Trader's plugin called OCO Trader Ltd. and TT Bracket order in new TT Desktop with regard to the following:
- a parent limit order is placed in MD Trader -> connectivity on the local workstation is lost - does the parent order continue to rest at the exchange? When it is executed, are child orders (limit and stop) automatically placed?
- a parent order has been executed -> connectivity on the local workstation is lost - do the child orders continue to rest at the exchange? When one of them is executed, is the other one cancelled?
I would be grateful for explaining this. I understand the OCO mechanism is managed by an algo on TT's server whereas the actual orders are on exchange servers. However, I am interested to know what happens in case of the above loss of connectivity scenarios in each platform (i.e. X_Trader with OCO Trader Ltd. and TT Desktop, respectively).
Please ask this question in our support forum. We have a team of support professional who will be happy to discuss OCO orders on the TT platform with you.
It is my pleasure to welcome Patrick Rooney from Trading Technologies for an Extended Ask Me Anything (AMA) on Wednesday, September 13th @ 4:30PM Eastern US.
