Direct Globex connection

Originally posted by redzuk

CME offers 2 choices;
1. $200 for order entry software only, plus direct line
2. $400 includes order entry software, and vpn.

The GL/Trade you mentioned is a third option? And if using the above $400 package do you get access to the GCC desk?

Do you mind saying who your FCM is? Anybody have a screen shot of the cme platform.
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The software you mention above is GL/Trade. That costs $200/month. The VPN is another $200/month but option 1. allows you to BYO - T1, ISDN or whatever.

Yes GCC access is included with all of the options.
 
Originally posted by Joe D


The software you mention above is GL/Trade. That costs $200/month. The VPN is another $200/month but option 1. allows you to BYO - T1, ISDN or whatever.

Yes GCC access is included with all of the options.
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It seems that proves Puffy's point - you are still using a front-end to Globex - GL/Trade being that frontend.

In other words - PATS doesn't go to GL/Trade and then to GLOBEX. PATS goes to GLOBEX as GL/Trade goes to GLOBEX.
 
Joe D
Thanks. It looks like GL/Trade has something very similar to jtrader dome, with the addition of volume traded at the price level. Can you execute with one click on the price.

Any hot keys, to buy/sell the b/a. I noticed a smart pad keyboard on the web site. That would be overkill for me.
 
Enough discussion on system architecture. Anyway the deal offered by CME is hard to beat. I'd like to see more discussion on finding the best clearing firm for clearing service only.
 
Originally posted by redzuk
Joe D
Thanks. It looks like GL/Trade has something very similar to jtrader dome, with the addition of volume traded at the price level. Can you execute with one click on the price.

Any hot keys, to buy/sell the b/a. I noticed a smart pad keyboard on the web site. That would be overkill for me.
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Yes - there are many options to fire off trades quickly, like setting up your own hot keys or using the delivered configuration etc.

I've seen many of the ex-floor traders use programmable Joysticks to trade but I think that is overkill too unless you're doing a massive number of trades per day.

Originally posted by Quah


It seems that proves Puffy's point - you are still using a front-end to Globex - GL/Trade being that frontend.


Quah,

I apologize if I implied that I was not using a front end but I couldn't find anything that I wrote that would lead you to that conclusion.

The front end used is pretty much irrelevant in this.
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Originally posted by Joe D



Quah,

I apologize if I implied that I was not using a front end but I couldn't find anything that I wrote that would lead you to that conclusion.

The front end used is pretty much irrelevant in this.
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But it's not - are you saying that GLOBEX itself is the back-end side of GL/Trade?
 
Originally posted by Quah


But it's not - are you saying that GLOBEX itself is the back-end side of GL/Trade?
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No - what I'm saying is that going from NY to Chicago directly is faster than going via Atlanta.
 
Originally posted by aphexcoil
I've never seen such hair-splitting over milliseconds.

aphie
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.... and I've never seen such vehement clinging to uninformed, untested and flawed beliefs.

How do you know it's always milliseconds?

It makes little difference for trading styles that do not need accurate quotes and fast execution - but if your trading style involves hitting the bid/ask at the last second, how many milliseconds do you think it takes to miss the trade?

Worse, If your quotes are a minute off during fast markets (as they often are on IB, eSignal etc.), then the size you think you are hitting is an illusion. That price and size ceased to be there sixty seconds ago.

If you don't need it, more power to you and don't waste your money - but don't delude yourself that there is no difference.
 
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