I can't agree on that. It makes a difference when the price prints on a chart with a latency of 1 or 2 milliseconds or with 380-550 milliseconds on my home computer (depending on connection status).
But perhaps you can ask @sam028 to go in further details on that.
I am using mainly (Stop) Limit Orders and I often didn't get filled when I worked from my Trading Computer at home. When using Limit or Market Orders I had to take at least 1 or 2 ticks of slippage most of the time.
This situation improved dramatically since I'm using a VPS...and to make that clear, I'm not affiliated in any way with Sam's business, that's just my personal experience so far.
The following user says Thank You to Daytrader999 for this post:
Here is one more positive vote for Speedy Trading Servers.
I finally pulled the trigger on the medium space after finishing a major software / hardware update and
going through two trial periods.
My need is simple. I live in the country outside of Nashville, Tennessee and the internet connectivity
is ludicrous at best. Speed is slow and dropouts are frequent.
I just needed safety for my orders after being placed. I use multi-screen and it is a bit sluggish due to
my bandwidth, however, I trade with Limit Orders and wait for price to come to me so the interface is
not so critical. The key is, when I place the order at the price I want, my ATM can handle the rest
when the internet blinks. My trade is safe and sound in Chicago. The fills are lightening fast.
Sam is a wonderful cat and I could not be happier.
As I will live in the country the rest of my life, it appears I am a lifetime customer.
"Life On The Edge of SR"
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I am pleased to announce that Speedy Trading Servers has been added on our Elite Partners page. Elite Members who are interested in @sam028's server hosting can receive one free month of service when signing up for a new three month subscription.
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That's awesome Mike! I just signed up with Sam as well, I was setup within a couple hours from when I emailed him. I am using a server for the same reason tderrick is using one. Internet connection can't be trusted where I am at. Single screen works well, multi monitor lags some but not too bad. Overall, very impressed!
The following 3 users say Thank You to tgibbs for this post:
First thanks for all the great posting to my string, and glad to highlight a great value for money and service with speedytradingservers.com
Here are a couple of additional points, as food for thought:
Location, Location, Location;
New Locations: As many of you already my know speedytradingservers.com has added VPS at the NJ data center. I have tested with a very heavy trade “load test” as well as various “pings” into NYC feeds and all very good. Word has it that there are also some additional locations available in Europe. It is my understanding that speedytradingservers.com may soon have a location in Paris so to split the difference between Frankfurt and London. I once had a server in the Frankfurt main bunker, and I’m sure the split between Frankfurt and London probably adds no more than a few milliseconds.
Cost vs. Speed (finding the sweet spot for a small trader)
It is all about getting as close to the data source and B/D order gateway at the exchange as possible of the product you are trading. If you have lots of money, you can get almost in the same server rack as the exchange and direct cross connect (non-internet connect). The challenge for most of us is doing this on a budget and getting the biggest bang for the fewest dollars. In my case the difference is moving from my VPS across the street to the CME building, with maybe max 4000 microseconds improvements, but the cost will be 100+ times or more (how much is that a micro second? Ha!), than the cost that I am paying now to speedytradingservers.com
Your Own Little Personal Redundancy system (and peace of mind so you can sleep at night!):
If down time is a cost or loss of money to you, and trading from home is not as reliable as trading from a VPS, how can we also cheap out (not in service just in cost) for even more redundancy? The first step is getting the trading off your home computer and benefiting from the infrastructure reliability of a VPS. The big traders pay dearly to have guarantees service contracts against down time. Super Storm Sandy did not affect the NJ datacenter, and I was very impressed at how reliable the service was seeing that Goldman and the NYSE were the only ones open a day later with huge generators setting out on the street with fuel trust to keep the generators going!.. So to hedge against geographical risk……. The first step in redundancy is from home to VPS. We use to have a backup server in a different location “pinging” the trading server every few seconds, and if any message failed, then have the backup server to take over the B/D account connection, first for account loss prevention on open trades, and/or additional active new trade management. I have not addressed this with speedytradingservers.com , but establishing a virtual redundancy VPS backup server in a different geographic location should not be a problem. For Example: Say you are trading futures out of Chicago, and you want to do a backup server out of… say the NJ data center. In this example you are messaging from the NJ server to the Chicago server. If for any reason the Chicago server cannot be “pinged”, then the NJ server can log into your trade account and perform a variety of trade management functions. Even at speedytradingservers.com very competitive monthly rates, doing a back-up server may not be necessary for the individual trader. However with small to midsize managed fund, this type of low budget redundancy might just be the ticket for added peace of mind. Last year speedytradingservers.com is running our of Chicago for the network at 100% uptime, and for the the servers 99.99905% (a single outage on a single server, in August) , which is amazing reliability for the price, and good enough for me!
Happy New Year futures.io (formerly BMT) fellow traders.
The following 3 users say Thank You to Happyface for this post:
The main problem in having > 99.999% uptime in a year, on two different locations, it that it's hard to do better .
About the location redundancy, we already have this with our monitoring system, and the user who wants it can receive an email or a SMS if their NJ is not reachable from Chicago, or if Ninjatrader.exe is not running for example.
And the "backup" idea, with a cheap VPS, seems to be used by some of my users, prop firms and small hedge funds.
The idea of opening an European location is almost dead. I finally found a good datacenter, with very good latency to Frankfurt and London, all was looking great until I asked few simple questions to the support. And then, what I saw was really too scary... I may have no problems in this data center for years, but I can't take this risk, so I'll keep searching for the good data center with affordable prices, and an excellent support, but I've searching and trying for months, so I'm not very optimistic...
Usually in trading, those who know don't talk, and those who talk don't know. (Al Brooks)
success requires no deodorant! (Sun Tzu)
The following 3 users say Thank You to sam028 for this post: