Tradestation or IB

Quote from running_bare:



1 Do some people here put the min $5000 into the TS brokerage a/c and pay $99/mth for data or just pay $199/mth for data without the a/c.

2 Also the $99/$199 (exc exchange fees etc) includes equities, options and futures data ?
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1. Yes I put 5k in the account so I can pay $114 for Trade Station. Though usually I have the money working on very long term trades.
2. No, exchange fees are extra.....CME mini is $10, and all the exchanges are $5....others are more..
3. TradeStation can stall. Have free MedVed or something else as a backup if you trade in 1 minute charts like me.
4. I use IB to trade, nothing quicker or cheaper.
 
I have an account at TS and thus pay the $99/month plus the necessary exchange fees. In my opinion TS is top of the line for charting and backtesting. However, I also use IB for my orders as I've had good experience at a very fair price thus far. I think it's very important to have dual feeds for redundancy in case of problems.

Bill
 
In my opinion, if you want to see some software built by non-traders, check out RealTick from Terra Nova. I managed to survive 3 months with them; never again.

Bill
 
Quote from trader42:

Anybody can comment on R.J. O’Brien?

http://www.tradestation.com/rjotransfer/
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Had a local broker that cleard RJO, never any problems with them. They are big (financially) and been around awhile. Wouldn't think it should be much of an issue.

My broker also had transfered from Refco, right after they bought LFG,LLC.

Make 'em pretty, Chris
 
Quote from trader42:

Anybody can comment on R.J. O’Brien?

http://www.tradestation.com/rjotransfer/
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One thing I did get a real kick out of, was the Tradestation
explanation of their action. I would think customers with at
least some degree of intelligence, would want to know why,
instead you get a sales job for R.J.Obrien;


9. Why did you choose R.J. O’Brien?

R.J. O’Brien is one of the oldest, most well-known and most reputable futures brokerage houses in the United States. It was formed in 1914, and is a founding member of the CME, and a full clearing member of the CBOT, NYBOT and COMEX. R.J. O’Brien today clears for more than 60,000 futures accounts, including accounts of prominent institutions and high-net-worth individuals. It clears trades on all futures exchanges worldwide. If you want to learn more about R.J. O'Brien you may visit the website, www.rjobrien.com.


Oh, ok, thanks...think that about nails it!


SP
 
I use esignal combined with IB. I like the fact that I have a secondary quote stream with IB should eSignal ever go down. Works very well.
 
sptraderj,

I asked the same question. Here's the response I got from Joe Nikolson, the COO.

MYDemaray,


We made the decision to move our clearing operations to R.J. O'Brien for several reasons. With R.J. O'Brien, we believe our clients will have a TradeStation trading platform that offers superior order placement and execution services at lower commissions. For example, not only we will be able to continue to offer clients our recently-announced deeply discounted commissions for e-mini and single stock future trades, but now there will be no added charges for second session trade orders. All futures options are now offered for one, simplified flat commission of $14.98 round-turn ($7.49 per side), regardless of type, how long held, etc. Also,certain futures trades in foreign markets are now at lower commissions.

As part of our clearing arrangement with R.J. O'Brien, TradeStation Securities is now in the process of connecting the TradeStation 7 order bar and the TradeStation 7automated trading functionality directly to the CME (GLOBEX) and CBOT (A/C/E) electronic exchanges, meaning that TradeStation Securities clients will be able to receive market quotes directly from those exchanges and to place trade orders directly to those exchanges.

For those of our clients who trade open outcry contracts or otherwise do not use the TradeStation 7 order bar to place trades (meaning those clients who currently use TradeStation Futures 2.1 -- LindXpress or LindConnect), we believe the new TradeStation Futures 3.0 interface with R.J.O'Brien's order placement system will offer certain additional features and advantages, and will be easy to use.

For these and other reasons, we believe the move to R.J. O'Brien will benefit everyone.
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Thanks MYDemaray,

at least that's a little more informative than their website.
I was hoping it was, RJ offering better software for execution.


SP
 
Anyone considering Tradestation should go to their website, register, and read the input from current users.
Here is a sample.
"Poll Question:
I need to think about what to do at the end of the year when tradestation 2000i will no longer be supported. I feel more strongly than ever that a real trader needs a good data feed from a dish, a reliable charting package, and a separate computer for order entry with two different clearing firms and order entry platforms. This cannot be combined into one package like tradestation 7. Yesterday a friend with tradestation 7 came over to trade with is laptop and I was able to compare tradestation 7 with my tradestation 2000i and the dtn feed. There was no comparison. I was getting all the ticks. He was getting a summary. His charts were incomplete and untradeable with the approach we were using. We were both using 600 tick bars and I was always several bars ahead. My indicators were nice and clean, his were all choppy from missing data. All the stuff on his screen was a real distraction. Charts were small with the order entry on screen. He had four monitors on his home setup. I keep my order entry on a separate computer. Tradestation probably feels that all the bells and whistles will entice novice traders but it just distracts from real trading. Tradestation 4 was more than adequate. I've found tradestation 2000i with windows 2000 to be very stable. I've had no crashes except when dtn makes a change and a patch is needed. If anyone else feels the way I do we need to band together to get tradestation to continue support. I don't care about the money they want for tradestation 7. I would be willing to pay a fee for annual support. That's what the old computrac used to do. I think they had a $300 yearly fee for support and upgrades. Maybe if all 2000i users went on a campaign of writing to Mr. Cruz they would reconsider stopping support. If they don't I will switch to ensign or aspen graphics at the end of the year. I will not "upgrade" (really a downgrade in my opinion) to tradestation 7. If they paid me the monthly fee I would not use tradestation 7. If you have any thoughts on what to do to keep support please let me know. Does anyone know a way to contact Mr. Cruz directly? He used to be reachable by phone in the old days. Now I can't even find an email address for him.
Thanks


Lonetrader1
Starting Member



1 Posts
Posted - 05/01/2003 : 14:59:48
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I have the same problem as you. I have TS2000i + DTN and am very pleased with both products.I don't want to
use the internet for my data as I can't get high speed service in my area. I don't know what we can do to influence
Mr Cruz as I have had no success in the past of getting him to personally respond to my problems with TS.
I really want to stay with my 2000i if possible and would be willing to pay for service.It's really amazing that a company with
such a good product would leave customers hanging like this!


traderdoug
Starting Member



25 Posts
Posted - 05/01/2003 : 21:54:45
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Someone in one of my other posts gave an email address that is supposed to get email to Mr. Cruz. Perhaps if we all went on an emailing campain our feelings of frustration will get through. I received an automated response so it must have gone through someplace, although the return address was somewhat different. But worth a try. Here it is: officeofthepresident@omegaresearch.com.
If anyone has any other suggested please post."
 
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