Etg

What are the current costs at ETG? 1 cent? Or is it volume scaled like Echo and Bright? What's a bullet cost there these days?
 
Avalanche,
The software is just not as fast as Hammer. Tradecast was even a bit faster than Gr8trade. I have played with hammer and thought it was lightning quick. The Watcher is also incredibly quick, but I hate the overall platform.
The eyes client is such a bandwidth intensive product that it is even a bit slow over a T1 (though I may be being a bit picky:D )
I have always been a scalper, first on Nas and then on NYSE, so every millisecond counts, and I can tell a bit of a difference between my executions and some friends of mine on other platforms. Why haven't I switched? I guess because I am comfortable and used to the software, though I am entertaining the idea of switching to another platform. I have traded on 3 platforms and played with 5.
 
Quote from Bullet:

Avalanche,
The software is just not as fast as Hammer. Tradecast was even a bit faster than Gr8trade. I have played with hammer and thought it was lightning quick. The Watcher is also incredibly quick, but I hate the overall platform.
The eyes client is such a bandwidth intensive product that it is even a bit slow over a T1 (though I may be being a bit picky:D )
I have always been a scalper, first on Nas and then on NYSE, so every millisecond counts, and I can tell a bit of a difference between my executions and some friends of mine on other platforms. Why haven't I switched? I guess because I am comfortable and used to the software, though I am entertaining the idea of switching to another platform. I have traded on 3 platforms and played with 5.
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It is very difficult to say why it was faster on software than the other if other things were not kept constant, i.e., the connection to the Internet. That is, if the way you were able to discern that one was faster than the other was as a result of comparing two different software on different connections, _that_ is too much of an unknown to do a scientific test. For example, your connection to the server may have been P2P, or perhaps the route that your friend goes thru has a bad router in between him and his broker, etc.

Keeping all things constant, it _is_ possible to write software that is faster than another though...

nitro
 
Quote from dafugginman:

... i was told that when we switch we will not have this problem because the data would be housed on an in house server? i don't even know if i'm quoting this right, but supposably it will be faster...
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Yes,

You are probably upgrading to ILX or Hyperfeed [probably thru a P2P T1 or T3,] both of which broadcast the entire market per "pulse."

nitro
 
Quote from dafugginman:

i've read on this board that SLK (equities) and Susquehanna (bullets) have the highest clearing rates in the industry, so ETG is looking to switch to Instinet and Essex to remain competitive. i can tell you that the new rate will drop my rate by 33%, which says more about the high rates before than the new rate. the new bullet schedule has not been released yet. avalanche: ETG did 2.5 billion last year. i believe the entire reduction we are seeing is lower clearing costs, meaning none of the commission reduction is coming from ETG's slice of the pie. just a guess, but i'm pretty sure of this.

if you trade at ETG, why would bandwith be an issue? our president said it would in fact be faster than redi, which gets bogged down in very active times in very active securties (like QQQ's during FED announcement and such). i was told that when we switch we will not have this problem because the data would be housed on an in house server? i don't even know if i'm quoting this right, but supposably it will be faster.

the desk fee isn't necessarily being eliminated. it just won't be necessary to have AT, which you needed because of the horrific charts in REDI+. if you want extra stuff, (bloomberg for example), traders will have to pony up for.
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just curious, how do you guys like instinet so far??? what do the listed traders think of gr8trade??? do traders have a choice of staying with redi+????
 
Quote from Avalanche:

I think everyone has this now though, except maybe redi+ you they still only have nickle increments which makes it impossible to scalp on the naz. (been a year since I have seen redi though and surely they have hotkey'd that buy now.)
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You would think they would, but after numerous requests all I can get is "It's on the list, but not a priority." Really frustrating...
 
Quote from Bryan Roberts:



just curious, how do you guys like instinet so far??? what do the listed traders think of gr8trade??? do traders have a choice of staying with redi+????
More...

while other offices have switched, ours has not. supposably february.
 
I trade through the Pro-trader platform for about 2 months. Not Bad, but I than got set up with The Sterling platform and really saw a difference. The office data lines were quicker and I got more NYSE order off. The overall performance was excellent and blows away REDI, Realtick, and AT. Anyone else trade off the Sterling platform???????
 
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