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Tony,
I currently do high volume trading during the
intraday session of Nq and Es mini futures contracts.
I can tell you of my past 6months experience with
"cobbled" platforms. Mind you I'm Not doing Pit
traded, but just electronic. Nonetheless, I'm
was running into many of the scenarios that you
mentioned. Basically, one platform does "this"
the other "that", and I need "THIS&THAT" together!!
With respect to TS 8.x, I have most of my analytics
built on this platform. The logistical barriers
to getting off size in the e-mini futures market,
were becoming unbearable during the intraday session.
I am currently using X_Trader PRO, which on
an execution level to "GET" your fills and move into
and out of the Que quickly accept No substitutes.
Bottom line there is they are the leader. However,
that is for the connections, with respect
to the features of the Market Depth screen that
Harris is doing so much to protect, well as they
say in ebonics, "it ain't all that"
What is missing is the handling of the subsequent
order entry logistical cycle that the burden of size
places up the intraday trader.
For this I had to create an add-in module via macros
and some Visual Basic-written for Excel and establish
Realtime links in X_Trader Pro's autotrader module,
in order to handle order flow in a manner that was
consistent with my intraday profitability plan.
Talk about *ucking "cobbled" Funny thing is after
calling around the hedge fund industry to as many
contacts as I have made over the past 5yrs., it
was a revelation to me that so many hedge funds
dealing with managed futures have had to do the
very same thing.
Besides all the above, in the end, IMHO, you should
be thinking scalability of your business, and running
two accounts anyway. The best laid plans are often
fouled up by one broker/clearing firm getting hosed
up during the day's session and you needing to
instantly hedge yourself against eminent losses.
We can discuss further offline, if you wish.
here is a graph of the finish product that I
had made to circumvent problems I was running into.
all the best with piecing it together.
mike ball
[image can be found at:
ftp://ftp.eskimo.com/u/j/jimo/ZSscalper_tool.jpg]
--- r.and.d@xxxxxxx wrote:
> hi guys,
>
> i'm looking for a broker where i can do high
> intraday volume and
> trade both electronic and pit futures in the same
> account and use the
> same platform, eventually with autoexecution.. i
> currently use
> j-trader with rcg and ib (nothing bad to report on
> either for
> non-auto trading).
>
> mark brown recommended velocity futures and open
> e-cry in the past on
> this list and on his website. velocity is
> interesting cuz they use
> xtrader exclusively (i'm thinking that i could use
> mark's free dual
> subserver thingy to pull quotes out of xtrader for
> fast and timely
> ts2ki charting). open e-cry is interesting in that
> they offer both
> pit and electronic futures through their home grown
> c++ platform.
> anyone use velocity or open e-cry or heard any
> stories about either
> of em, good or bad?
>
> ts8 was recommended in the past on this list by bob
> fulks and some
> others. i still have a bitter sweet relationship
> regarding
> omega/ts/tt and the cruz brothers. problem is, ts8
> fits my system
> automation criteria, but it doesn't do electronic
> and pit futures in
> the same account. so i would need to open two
> accounts...one for
> electronic only with orders routed through the ts
> platform, and
> another account for pit with orders routed through
> rjo's mcd
> platform. if you want to trade both e and pit in one
> account, then ts
> interfaces with mcd and all orders are routed
> through the mcd
> platform. swell, another cobbled together platform.
> might as well go
> directly to rjo and eliminate the tt middleman.
> anyone care to
> comment on ts8 strengths and weakness?
>
> what drive me nuts is that to get what you want, you
> still have to
> cobble together a platform, and use different
> vendors for data,
> charting, order execution, and trade
> automation...ts8 appears to fit
> the bill for all the above, but after reading their
> fine print, it's
> another cobbled together platform. as a recent
> thread on this list
> indicated, vendors are squirrelly...if one part
> fails and it ain't
> fixed quickly, then you the helpless trader has a
> big problem,
> meaning lost bucks per day.
>
> all comments are welcome on these and other
> platforms, cobbled or not
>
> thanks...
>
> Tony aka multitrak.
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