Chicago trading firms.....

[Don Bright]

Originally posted by Newatthis
For one, the REDi does not give realized versus unrealized P&L. The charts are lacking at best.

OK, my response is simply that since we have our "net liquditating balance" figured on "mark to market" it makes more sense for our P&L to be calculated the same way...and in my position window, it shows profits on closed positions. Every day our sheets show both.

Regarding the charts....I like the new ones (granted I don't use charts all that much), and they have:
1. 1 tick to 1 year
2. 1 or two symbols for overlays.
3. Volume for everything..
4. Indicators etc., include: EMA, Average Price, Bollinger Bands, VWAP, SMA, ADV, On Balance Volume, Price Ratio, MACD, Momentum, Relative Strength, Stochastics......and my favorit for pairs trading ...actual overlays of Price Difference for individual paired stocks.

5. They also show your entry and exit points on the charts.

Anyway, I know there is more stuff that can be put into a platform, but this is way, way, more than I could ever use.

All I do is...Buy, Sell, or Cancel anyway..





Don

 

[theShadow]

when its not down or delayed, works adequately.

REDI is a loser in every other type of trading.

plus, SLK could care less about daytraders needing support. their business is dependent on funds.

forget NASDAQ trading...

 

[Don Bright]

Originally posted by theShadow
when its not down or delayed, works adequately.

REDI is a loser in every other type of trading.

plus, SLK could care less about daytraders needing support. their business is dependent on funds.

forget NASDAQ trading...

A bit of a "broad brush" don't you think, Redi has been "down" much less than other systems (or at least from what my "spies" tell me from other firms). The delays have been fixed considerably from our server changes (some of the delays were "self imposed" by traders abusing the system, which we fixed).

I have instant fills on Nasdaq, we can "sweep" and "chunk" and all that, hide orders, and direct our orders to ECN's...what else does a trader really need?

I'm not trying to defend everything about Redi, but it works well, and things change...and when we see a system that will improve our traders profitability, then we may change.

Again, Redi may not have all that people think they want, but it certainly has what is needed to make money IMO.

Don

 

[Speculator1929]

Check out Instinet Clearing like Generic and ETG. Goldman will force the move sooner or later. Or just call yourself a hedgefund.

 

[Don Bright]

Originally posted by Speculator1929
Check out Instinet Clearing like Generic and ETG. Goldman will force the move sooner or later. Or just call yourself a hedgefund.

No comment at this time...

Don

 

[cashonly]

Originally posted by Newatthis
For one, the REDi does not give realized versus unrealized P&L.

Just have 2 Position windows:

In the first one, have a query of
LongVal=0 and
ShortVal=0
This is realized P&L

In the second one have:
LongVal<>0 and
ShortVal<>0
This is unrealized P&L

 

[cashonly]

Originally posted by Don Bright

All I do is...Buy, Sell, or Cancel anyway..

Hey Don,

When are we getting those two buttons added to Redi:
"Buy at High of Day"
"Sell at Low of Day"
?

 

[nitro]

...try either geneva trading or Int. Trading group for derivatives....
Good Luck!, Go to Erie Cafe for steaks and cigars...

Over,

IMHO Erie Cafe is overpriced. However, down the street is Mr. Beef, where for $7 you get the most delicious Italian Beef, fries and a drink...

Yum.

nitro

 

[GHansen]

Originally posted by Don Bright
I have asked several times of the few "detractors" to outline in any detail what some other platform can do, that Redi cannot....Besides, Redi is constantly improving their platform, and the merger with ARCA sort of guarntees future improvement...Since the trading platforms are such a small part of successful trading, we feel that any differences are nil
Don

Don,

There are far more than a "few" people who consider REDI+ inadequate. In fact, everyone I have ever known who has used REDI+ and one of the top tier competing platforms would never go back to REDI+. IMO, it's too unreliable, has a horrible support desk, and has far too limited hyperactive trading functionality. What functionality you ask? I see no reason to dislose that to you.

As far as ARCA improving REDI+, you have never given one good reason why this might happen. ARCA is an ECN. REDI+ is trading software...apples and oranges.

Someday you will find out how important the differences in trading software actually are.

 

[vulture]

Erie Cafe, about 5 years ago, had lower prices, more subdued atmosphere and was not yet the "hotspot" it has become...Nowadays, all the politicians, lawyers, traders, and other hotshots like to make the place their home...

Mr Beef isn't bad, I still like Portillo's the best, even if it is a big chain...