Autospreaders

The Real Tick spreader is server side. I believe the TT one is cloud based. Unless I'm hosted in the CME data center with a FIX or direct iLink connection, I don't see how building anything that sits in my office can be faster.

Happy Turkey day sle...cheers
It is not cloud-based and never had been. We leverage the cloud for databases and workspaces; not execution.
 
>> You could use a combination of backoff and payup ticks.

@patrickrooney , I have in fact used payup ticks while using TT. I know this may not be the fault of the paid up ticks but when I attempted to close the trade, it reversed my positions. TT support came in and attempted a fix - remove the quote on 1 leg instead of 2. My spreads since then closed properly but after a while the problem returned. Out of frustration, I changed to T4. Maybe TT has fixed the issue, we don't really know until I go back using TT.

Now with T4, everytime I put a spreads trade, the bid ask spread seems to be a lot wider than a trade done in TT. One could debate that volatility, timing could have played a part, but as a person who keeps seeing this; it's down to either I am not setting up my spreads correctly, or that TT has some advantage over T4 - yet to verified this.

I cannot help but feel that building an autospreader on my own could be a better option. The interesting thing is I want to earn a profit and not waste time troubleshooting autospreader issues. See the catch 22. If you need to build one, you will need to spend time troubleshooting. Until I trade bigger accounts would building your own autospreader be the way to go - lower cost and to resolve problems and not deal with software companies making changes creating new problems.

You might wish to look at our Convert Quote to Hedge parameter. We added this last year.
https://library.tradingtechnologies.com/trade/as-spread-configuration-order-execution.html#convert
 
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