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Trading Technologies / Patrick Rooney (Product Manager) - Ask Me Anything (AMA)
Started:September 22nd, 2016 (05:19 PM) by Big Mike Views / Replies:1,283 / 37
Last Reply:Yesterday (09:37 AM) Attachments:4

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

Old September 22nd, 2016, 05:19 PM   #1 (permalink)
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Trading Technologies / Patrick Rooney (Product Manager) - Ask Me Anything (AMA)

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:
http://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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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Old September 22nd, 2016, 05:27 PM   #2 (permalink)
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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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following 2 users say Thank You to Big Mike for this post:
     

Old September 23rd, 2016, 12:48 PM   #3 (permalink)
 Vendor: tradingtechnologies.com 
Chicago, IL
 
Futures Experience: Master
Platform: X_TRADER, TT
Favorite Futures: ES, NQ, ZN, CL, 6E
 
TradingTech's Avatar
 
Posts: 106 since Feb 2016
Thanks: 50 given, 64 received



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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Old September 24th, 2016, 12:15 AM   #4 (permalink)
Trading Apprentice
New York
 
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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


Last edited by mpxtreme; September 24th, 2016 at 12:34 AM.
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Old September 24th, 2016, 11:47 AM   #5 (permalink)
 Vendor: tradingtechnologies.com 
Chicago, IL
 
Futures Experience: Master
Platform: X_TRADER, TT
Favorite Futures: ES, NQ, ZN, CL, 6E
 
TradingTech's Avatar
 
Posts: 106 since Feb 2016
Thanks: 50 given, 64 received

Futures Edge on FIO
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
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Old September 24th, 2016, 12:51 PM   #6 (permalink)
Elite Member
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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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: https://www.youtube.com/playlist?list=PLOGjoJXp0cmo4feMrO_dW648IkYIK5fIR

Thank you,
Matt Z
Optimus Futures

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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Old September 24th, 2016, 11:22 PM   #7 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
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Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,587 since Dec 2013
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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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Old September 25th, 2016, 02:10 AM   #8 (permalink)
Elite Member
Boca Raton
 
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Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Posts: 1,818 since Sep 2010
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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.

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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Old September 25th, 2016, 09:06 AM   #9 (permalink)
 Vendor: tradingtechnologies.com 
Chicago, IL
 
Futures Experience: Master
Platform: X_TRADER, TT
Favorite Futures: ES, NQ, ZN, CL, 6E
 
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Posts: 106 since Feb 2016
Thanks: 50 given, 64 received


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
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Old September 25th, 2016, 11:31 AM   #10 (permalink)
Market Wizard
Houston TX
 
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Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,587 since Dec 2013
Thanks: 1,395 given, 2,362 received
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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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