Best Futures/Broker Platform for ...
- Thread starter asean555
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Robert Morse
Sponsor
I contacted CQG. They said," If you log off CQG without cancelling a working Bracket order, the only order working at the exchange is a limit order without the target and stop loss protection."
I know about the OCObut i need to know about the server side ( if sometimes the order get stuck .... IS VERY DANGEROUS ............ )
You are right but CME don't accept STOP order , just STOP LIMIT ORDER , for this you need the server side
Don't use a stop market use a stop limit with a wide enough range that it's basically a stop (but implemented as a marketable limit order on stop trigger). You're hung up on stop market orders when you don't need to be.
MattZ
Sponsor
I second that. try this demo CTS-T4 DEMO
That's interesting. Is that because CQG doesn't offer bracket orders on their servers at all OR they do but it's the logging off that causes the change? Although I must say that the logic points out clearly that based on what you described it must mean that CQG's brackets are held on customer platform only.
I'm using Rithmic and I know that they offer brackets held on their servers so I assume than if I logged off or disconnected than once the entry order gets filled, brackets should work correctly, right?
Robert Morse
Sponsor
Have you asked Rithmic? These question are best confirmed with the platfrom.
No I did not. That's what I assumed from "broker's server side" held orders. With that CQG comment you just made me wonder, but I guess it must be due to the fact that their brackets/OCOs are not held on broker's servers, right?
Robert Morse
Sponsor
Rithmic connects directly to an API or iLink Session from the FCM. Not sure where it would reside expect your PC or the exchange, Again, it is best to ask them. To find out about CQG, I had to ask them.