Best software platform for execution

sammybea said:
I thought stops were held on the broker's server and only stop limit's are held on Globex. So if IB is lagging in a fast market, it makes me believe that a market stop would trigger later than it should, and that would give me more slippage than potentially another broker? However if a market stop is held at Globex, than obviously there would be no third party issue. I don't know which is true.
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IB does not lag as it is snapshot datafeed to the user. Every tick data feeds lag when it is busy. The feed into IB server is tick by tick so the stops held at IB should go off when you think they should.
 
Robert Morse said:
You do not consider that a lag with todays fast moving futures? Position trading, I guess not. Scalping?
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A few years ago there used to be complaints by people on tick by tick data feeds that when the market was busy there pc locked up. Snapshot data feeds x times per second did not have that problem and people could trade in busy markets. Now everybody has much more powerful computers and servers I have not heard that complaint.
 
I know you are a IB hardcore loyal customer. I respect that. I'm not suggesting that sammybea switch to Lightspeed or you. I'm saying that I would prefer Live Streaming data, that you refer to as tick data, if I were an active trader. CQG provides that. So does TT, Rithmic, T4, CME Direct, and most other dedicated Futures software. We offer CQG and so do the other futures brokers at the bottom of the page. Worth a look for someone looking for a change.

ZBZB said:
A few years ago there used to be complaints by people on tick by tick data feeds that when the market was busy there pc locked up. Snapshot data feeds x times per second did not have that problem and people could trade in busy markets. Now everybody has much more powerful computers and servers I have not heard that complaint.
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Planning on opening an IB account for futures specifically. I know there has been a lot of talk about Ninjatrader, Sierra, etc as a front end platform. What are people using if they are only looking for the cleanest, most reliable front end for execution purposes. I don't care about the charting software and Dom is not a requirement.
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I don't use a lot of charting bells & whistles nor the Dom either. My platform for futures is Tradovate. I've yet to test any platform that can beat their low fees/margin criteria.
Though most days I trade over night, execution has always been fast and I've never had issues.
(knocks on wood)

Test their simulation, and you might like the experience.
 
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sammybea said:
I continue to hear about IB data lagging other feeds. Does anyone know what this actually means? Another words, if I had a stop market for the ES (residing on IB's servers) would this mean it would get triggered later than another broker potentially? Or is the lag purely on my screen. My plan is to use a third party front end, like the ones suggested above, to access IB for futures.
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IMHO, you should not worry about these tiny details. IB feed is more than sufficient and suitable to trade with any meaningful frequency and meaningful stop management. Rather, worry more about the trading methodology: one tick more or less is not going to mean anything in the grand scheme of things, if the general approach doesn't work, and the same thing, if it works.
 
I was also using IB´s data for stocks and futures in motivewave, quantower and medvedtrader and noticed that due to they are snapshot based you see differences to data in TOS and TWS because the snapshot data in motivewave dont´t get corrected to the true values. That means the snap shot data could not contain all price movements in a specific time frame. As i know in TWS directly and in TOS the data get corrected. I know sierrachart also has a kind of auto correction. To get a chart with the correct data you have to refresh your charts from time to time in motivewave.
 
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