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Without paying the monthly subscription would a jigsaw user be able to at least see open/filled positions on the dom / chart? ...or perhaps modify stops?
Can you help answer these questions from other members on NexusFi?
Jigsaw gives full control of the tool and functions without paying the monthly subscription fee. The monthly subscription fee only applies to the live trading of personal or funded combines like (TST, Apex, Leeloo aka PA-***** accounts).
So you are going to be able learn how to trade DOM without any limitations. Which brings to the Data topic. To use Jigsaw you are going to need level 2 data.
There are few ways to do it. First is subscribe to the Kinetick data feed or you can open an account with NT8 and deposit 1K subscribe to data feed through broker, another option is to wait for the Apex discount.
You can set up SIM account in jigsaw and all execution will be on that account or you can execute trades on APEX account.
Hey tr8d3r, thanks for the quick response. I’ll give you more details on my situation. I’m trading equities through interactive broker. I’ve been using Sierra chart and have grown quite fond of my level of control and customization of the chart, but, their DOM is limited to data from a single exchange at a time. I am trying to find a DOM that can aggregate depth of market data from the various equity exchanges ( nasdaq NYSE ect) and display full market depth data. Right now I’am just using the native TWS “book trader” , I am not happy with it.
If I’m not mistaken, jigsaw will connect directly to the TWS API? I came across a jigsaw blog that detailed that connection during “beta” testing TWS anyway. While I’m content to continue trading off a chart, I do see the value in being able to see my position when glancing at the DOM.
I’m trading equities through interactive broker TWS API.
Response: Based on my understanding TWS API doesn't have a level 2 data. This is why you are facing this issue.
I may not understood this statement: I am trying to find a DOM that can aggregate depth of market data from the various equity exchanges ( nasdaq NYSE ect)
Response: I don't believe it is possible to aggregate Depth of Market based on multiple exchanges. Data comes through Data feed for particular exchange. Data feed can contain multiple exchanges for example https://www.iqfeed.net/index.cfm?displayaction=data§ion=fees
When you launch DOM it will display data for particular product from specific exchange. For example, if you want to trade ES only you need CME exchange. If you want to add CL then you need include NYMEX data in your data feed that cost extra. I hope it makes sense.
I do see the value in being able to see my position when glancing at the DOM.
Response: In jigsaw DOM when you submit an order you are going to the place in queue and on the side you will see how far you are in a queue. You also going to the increase of the pending order size by the amount of contracts you've submitted.
Bear in mind that you are stepping into the LIVE subscription of jigsaw license.
