Platforms with ZERO charge (or very low charge) that allow you to trade exchange spreads

[Zzzz1]

finally you got it, "they" DEVELOP them. But then you got it completely wrong regarding cost consciousness. I can tell you firsthand that even Managing Directors at Goldman at times have to wait for weeks to get a Bloomberg terminal. It is because the company decided to only maintain x number of licenses. If they are all being currently used then the company will not even get a new one for a newly hired MD but the MD has to get into the queue as everyone else.

Trust me please when I tell you that you are mistaken that professional shops do not pay attention to save 500 or 1500 dollars. If they do a retail trader should be all the more cost conscious. So, cost is one of the biggest considerations when deciding whether and which software platform to go with.

And you conveniently evaded to answer whether any of the platforms, mentioned, are worth 500 or more dollars per month (and I dont care whether that is the sticker price or embedded in a per contract, executed, charge). Or are you possibly benefiting from not being critical in an honest sense with the mentioned software vendors?

Look, your question is meaningless. For a new trader starting out, hell no should they fork out 1500 a month for TT or CQG. Just like a bad driver has no use for a high performance sports car. But for a really good trader? Yeah TT and CQG will make a difference and yes, a really high performance sports car beats the shit out of a Toyota Camry. LOL. Come on man. There are a lot of variables here. Good software in the right hand does make a difference or prop firms wouldn't spend millions developing them. How many prop firms use Ninja? ZERO!

But I do agree with you,if a guy is not profitable he should not be wasting money on any high end software.

 

[Zzzz1]

you mean 50/month plus cost for each single contract executed?

Once again I'd like to point out that the base price for the TT platform is $50 / month not $500 / month.

https://www.tradingtechnologies.com/try-tt/

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[Maverick74]

finally you got it, "they" DEVELOP them. But then you got it completely wrong regarding cost consciousness. I can tell you firsthand that even Managing Directors at Goldman at times have to wait for weeks to get a Bloomberg terminal. It is because the company decided to only maintain x number of licenses. If they are all being currently used then the company will not even get a new one for a newly hired MD but the MD has to get into the queue as everyone else.

Trust me please when I tell you that you are mistaken that professional shops do not pay attention to save 500 or 1500 dollars. If they do a retail trader should be all the more cost conscious. So, cost is one of the biggest considerations when deciding whether and which software platform to go with.

And you conveniently evaded to answer whether any of the platforms, mentioned, are worth 500 or more dollars per month (and I dont care whether that is the sticker price or embedded in a per contract, executed, charge). Or are you possibly benefiting from not being critical in an honest sense with the mentioned software vendors?

I said, "yes" they are worth it and mentioned two, TT and CQG.

 

[propwarrior]

you mean 50/month plus cost for each single contract executed?

Yes it's only $50pm if you dont make any trades. For very low volume traders its a good deal. With a lot more free and cheaper alternatives coming to market the main players have had to adapt.

 

[patrickrooney]

@Zzzz1 Yes. Capped at $1,000 per month or go with an annual subscription for $700 per month.

https://www.tradingtechnologies.com/platforms/pricing/ttcontractpricing/

 

[bone]

how does this square with what you were saying in another thread.



It seems you were also looking at and recommending software that is cheaper. i dont know how you will wriggle and back pedal out of this one, no doubt you will give it a good go. enjoy.

View attachment 167136

So, you've resurrected a post of mine made in 2002 just to keep this self-aggrandizing thread of yours going ? Yes, 14 years ago I thought the TT AutoSpreader was lacking in some areas. Since then, they have made a myriad of product improvements with the AS, especially as it relates to exchange ECN messaging and fill alternatives.

But you don't require an AutoSpreader because of your claimed purpose of using exchange spreads - which makes your critique even more irrelevant. Any reasonable person familiar with TT would agree that the product has changed a great deal over fourteen years time.

Good luck and please leave me out of your idiocy.

 

[propwarrior]

So, you've resurrected a post of mine made in 2002 just to keep this self-aggrandizing thread of yours going ?

the thread is kept going to benefit all members who wish to find lower cost trading platforms. Self-aggrandizing lol come on I have no agenda here apart from sharing cost information with other members, can the same be said about your agenda?

Yes, 14 years ago I thought the TT AutoSpreader was lacking in some areas. Since then, they have made a myriad of product improvements with the AS, especially as it relates to exchange ECN messaging and fill alternatives.

But you don't require an AutoSpreader because of your claimed purpose of using exchange spreads - which makes your critique even more irrelevant. Any reasonable person familiar with TT would agree that the product has changed a great deal over fourteen years time.

Nobody said platforms have not evolved and changed. I just found it amusing that you at one time were labelling TT as overpriced and went as far as recommending cheaper alternatives only at a later date to bully and castigate someone for doing the same. If you are going to act as resident big shot then at least be consistent.

Good luck and please leave me out of your idiocy.

I would remind you that you were the one who came to my thread and deficated on it with wanton abondon in an Ali like 'I am the greatest' chest beating fest.

 

[J.P.]

I'd like to point out that the base price for the TT platform is $50 / month

you mean 50/month plus cost for each single contract executed?

Yes.

Let me correct @patrickrooney if I may. The price of TT Standard = $0.3 per contract, per side, with a $50 per month minimum. It is not:

50/month plus cost for each single contract executed

 

[i960]

Here's what IB has to say about the screwed up margining of the further out M and Z WTI and Brent spreads (cc @cdcaveman):

I have reviewed this with our Risk Group and they have informed me that the Initial Margin Requirements for these spreads are being affected by IB's Illiquidity Charge.

In short, the illiquidity charge is an additional margin requirement that is added to the initial margin for back month futures that are held in your account. This additional margin requirement is due to the relative illiquidity and large spreads associated with these products.

So don't even consider IB if you want to trade 2 years out.