The advent of cloud based trading

Call me naive, but I thought the title was going to turn out to be a reference to the "kumo" from the Ichimoku indicator-set ... :confused:
 
Cloud is the new mainframe, as it's centralized it's cheaper to run and maintain. Personally don't like them for platforms, one more thing to go wrong and a middleman to get in the way. If their site goes down, they perform a central upgrade, latency issues it can affect trade decisions.

Cloud is fine if you are running your own platform for 24hr alerts & strategies, if something goes out you can hotswap to a laptop or another cloud provider. It's a cost structure thing, less support issues as they decide not you, which is also the problem when they get it wrong or you don't want the upgrade.
 
nitro said:
I don't understand why these offers exist only on the cloud based platforms. Robinhood comes to mind on the equities side. Is this a trick? A loss leader?

I am hoping for:

1) an API
2) commission-free options

Cloud-based Futures Trading
Trade in the cloud, commission-free
DOM, quotes, charts, news and more!

https://www.tradovate.com/cloud-bas...ds&utm_term=&gclid=CNansseHmc8CFYQ7gQodQUIF5g
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"Tradovate charges a membership-based cost structure. Tradovate does not charge commissions, platform, maintenance, or inactivity fees. Exchange, NFA, and clearing fees still apply. "

I am guessing that firms comes in with 1,000 lot orders, the monthly "membership" (A new way to screw retail traders) is not $39 bucks a month.

There will never be commissions free in how we think it should be, equipment costs huge and people to design systems and maintain cost even more, no one will do for free.
 
nitro said:
I think the reason is to lure in dumb money.
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Excellent call, ready to use, and lose, their capital in seconds rather than having to install anything on a home computer. Brings in a whole new funding source to the markets.
 
Handle123 said:
"Tradovate charges a membership-based cost structure. Tradovate does not charge commissions, platform, maintenance, or inactivity fees. Exchange, NFA, and clearing fees still apply. "

I am guessing that firms comes in with 1,000 lot orders, the monthly "membership" (A new way to screw retail traders) is not $39 bucks a month.
More...
With Tradovate’s unlimited commission-free trading, you can trade 1 contract, 1,000 contracts, or more and will never pay a per-trade commission. There are no hidden fees and no catches.

Traders trading 1,000 lot orders, as mentioned in your example, are supported in our Active and Advanced membership plans ($99 and $139 per month, respectively, with our annual option). Once you have selected your membership plan and do trade, you simply pay the exchange & NFA fees you pay at every broker and a small $0.09 per contract clearing fee.

For example, Tradovate members trading the e-mini S&P 500 contract would pay $1.17 for exchange fees, $0.01 for NFA fees, and $0.09 for clearing fees, bringing the total cost to $1.27 per contract or $2.54 round turn. That’s it.
 
Looks like the principles, Ryan Hansen and Richard Tomsic are Gain Capital alumni. Also looks like they aren't actually up and running yet, hopefully, because if they are they're CFTC status isn't up to date.
upload_2016-9-19_12-16-26.png
 
birzos said:
Excellent call, ready to use, and lose, their capital in seconds rather than having to install anything on a home computer. Brings in a whole new funding source to the markets.
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Just to clarify, Tradovate does offer downloadable versions for PC and Mac in addition to a web-based version for Chrome and mobile apps for iPhone, iPad, and Android devices.

Tradovate members get complete access to use all versions and there are no additional costs for the platform. No platform licensing fees, no order routing fees, and no mobile app fees.

We offer a free 14 day trial of the platform and here is the link to sign up. Check it out and let us know what you think!
 
Sig said:
Looks like the principles, Ryan Hansen and Richard Tomsic are Gain Capital alumni. Also looks like they aren't actually up and running yet, hopefully, because if they are they're CFTC status isn't up to date.
View attachment 166692
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Yes, we are up and running and traders can open accounts today to start trading. (Our introducing broker status was registered effective March 23, 2016).
 
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