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Ok so I was given the incorrect information. I thought I would just double check so I called Xtrader in Chicago. They said all OCO's are stored on the local PC. Trailing stops are also stored on the local PC unless the Exchange natively supports them in which case it is held on the TT Servers.
I also asked them about which TT Servers was he referring to and he said it depends on the broker. In the case of Velocity he said they have their own TT-Net Servers so the orders would be stored there if the Exchange Supports the order type.
I believe CQG Trader holds all OCO's and Trailing stops on their own servers (not a broker implemented version) which would be one difference between the two.
Hope this helps someone else who was looking for this info.
If you are using X Trader be sure to upgrade to the latest version 7.8.1 that was released on Friday, August 13th. According to Velocity Futures this is a critical update. Contact them if any questions.
Actually I've been told by TT to hold off on the update as of now. They've pulled 7.8.1 from the Production list of versions. This update is critical for token handling, I guess it should have been in TEST longer. Look for a new update in the coming days.
I am also thinking of making the switch from NT to X Trader. I see Velocity offers a free version of X Trader. Has anyone tried it?
How about the TT feed how does it compare to Zen? I have been using Ninja for years and if it werent for some major hiccups ive been having i wouldnt be looking else where.
Were the hiccups due to the Zenfire data feed (I heard of a few recently) or the NT software itself?.
I plan to stay with Ninja but use the Trading Technologies data-feed provided by Velocity. The demo is working well so far.
But, I always expect problems, so the question is how good is the telephone service of your broker to get out of a no longer wanted or manageable trade.
X-Trader is a DOM and I am used to trade thru the charts. I do not even use the NT DOM.
Issues are related to chart trader. Some actions I made caused NT to crash and NT started sending out live orders when I was down. They are on top of it though but I want to keep my options open. This is the only serious issue I have had with NT usually no problemos.
