How Much would you pay for speed?

Quote from ArchAngel:

Your percentages are meaningless.

If "moving up by 50% on the scale" (whatever you're considering the "scale" to be) means my order gets entered into Globex a mere 1-2 milliseconds ahead of someone else, then this "faster" platform isn't worth a whole lot (at least not to me).

You'd have to better quantify and define (in absolute terms) what you're calling "faster" for anyone to draw a rational conclusion of what it might be worth to them.

So what's the platform you're selling??
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Hi Archangel,

This "faster" illusion is very popular with non-traders. As you pointed out, many questions remain unanswered about speed. Raw connection speed is almost irrelevant - I'm not talking here about quotes lagging by second(s).

What goes on at the brokers or exchange in preliminary checking and validating (account, credit, margin, order validity) is much more important in the equation. It is not even possible to discuss this before making unambiguous assumptions about account type, traded instrument, clearing, exchange seat or not, etc.

I am a rather very short term trader. What I learned is to avoid hairtrigger oneshot jobs. Usually my good trades offered me several, sometimes surprisingly many, opportunities to enter and exit. It's only a matter of finding these.

Be good,

nononsense
 
Speed is a factor, but a good connection is 100 times more valuable to me. At least for my style of trading, a few mils isn't going to make a difference. Getting disconected will.
 
Quote from fxtrading:

why not just trade ES/NQ - get a globex terminal, pull quotes from it and enter trades directly into the exchange.
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fx,

That is something I have considered. However, here are the issues I have with that:

1) From what everyone tells me, this is no faster than if you have a direct line to the exchange, and it is quite a bit more expensive. Remember, a Globex terminal is just a computer. The speed gains from a Globex terminal _should_be_ that you have to get a direct line to the exchange. Well I can bypass the globex terminal and do that myself quite a bit cheaper.

2) All of my trading of ES/NQ in the near future is going to be 100% automated. AFAIK, there is no programatic interface to a globex terminal.

nitro
 
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