Direct Globex connection

Originally posted by CoolTrader
1. Does GL have charting capability? Quotes are hard to use if not displayed on charts.
2. Does it support multiple accounts?
Thanks.
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Cool trader,

1. I don't believe so.
2. Depending on which clearing firm you use will determine as to weather they will allow for a block account setup.

GL is a platform that is good for a trader that would like to trade every market.

Hope this helps.

Regards,

Comp
 
this topic comes up from time to time. For most people the major difference in speed is going to come from how long it takes to set-up an order - rather than the speed that it gets to the exchange.
Unless of course you're someone who wants to scalp the 25 cent spread on the e-mini - in which case you should probably be using some type of automated software.
btw as far as GL is concerned - GL cover many exchanges but it is not very well set-up for fast order entry and set-up. Certainly can;t compare to IB's or Realticks order entry speed.
 
Originally posted by globaltrader
this topic comes up from time to time. For most people the major difference in speed is going to come from how long it takes to set-up an order - rather than the speed that it gets to the exchange.
Unless of course you're someone who wants to scalp the 25 cent spread on the e-mini - in which case you should probably be using some type of automated software.
btw as far as GL is concerned - GL cover many exchanges but it is not very well set-up for fast order entry and set-up. Certainly can;t compare to IB's or Realticks order entry speed.
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Take note, If you use a gme contoller through globex you can remove 8 key strokes from your order entry process.

comp
 
Joe, I have a question. If I set up in an account in a clearing firm for CME's GL/Trade, can that account be used for trading on other exchanges? If not, that's a disadvantage. There are times when opportunities are in other markets. Thanks.
 
I picked up late in this discussion but do have a little knowledge to share on the subject

GL cut a deal early on with the CME to make a CME SPECIFIC GUI they would roll out as GLOBEX TRADER
When you get the $400 software from the CME that is what you are getting- GL access to CME only

GL also sells its own GL Trade software which has slightly different features and allows you to trade multiple markets from the same screen

connection setup wise- there is no more direct connection than GL globex trader...their servers sit within the CME and are connected directly to the matching system

remarkably this does not mean they are the fastest, because their technology may distribute data differently

I have used Trading Technologies for CME in the past- and have raced them side by side- and found with functionality in the equation TT beats the other machine every time (it all depends how you trade)
 
Originally posted by compisnada2002


Thier is such a thing as getting a fixed connection. Has anyone here ever heard of it?

comp
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It is a FIX connection; and unless you have a lot of zeros in your account ...
 
Originally posted by Joe D


Yes - you are right that's why one set of logs isn't going to tell you squat. It really is very variable.
How often?
That usually depends on how much volume is being traded at any given time. But you can see from any given day's volume peaks when and where the delays are likely to have been.

How much slower/faster? That was a shocker to me. We once had a lag of 10 minutes (that's not a typo) between a quote being delivered to one of the CSV's screens. That, of course, was exceptional and lead to their heated meeting with the CME.

Things have improved since those days but there are still some times when the quotes are behind by a minute or two and a few seconds off is more common. Again, this isn't going to matter to about 99% of traders but it is so.
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Happens all the time on more platforms than you can imagine ...
 
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