Trying find best option for data feed + trading platform + order routing

[mervyn]

We are considering insignia broker to trade FOP (futures options) and their native software is does not have all features we need for options trading so looking for solutions...

It seems none of the software either from CQG or Rithmic has direct access to open option chain and trade from there like for example tastytrade or ibkr has

So can someone suggest what is the best trading platform that will provide easy access to option chain? also does not cost much on transaction fees or monthly trading platform fees?

simple cqq desktop has the option chain. execution fees, of course, being a retail, one can't avoid it, no monthly fee though.

 

[ZBZB]

So CTS itself is not a broker ..its just data feed and platform provider correct?

They are ISV’s like CQG and Rithmic. Independent software vendors for futures and FOP. There are lists of brokers offering the software on their websites.

 

[curiosity]

simple cqq desktop has the option chain. execution fees, of course, being a retail, one can't avoid it, no monthly fee though.

So execution fees is 0.10$ per contract that is fixed or it depends on broker?

I found I like Quant tower - and wondering what is the best option for data connection/execution?

 

[Slow Learning Elf]

The problem is that most FCMs will not allow it for retail accounts as the risk/margin/position management does not make the FCM comfortable.

Ha! I was not aware of that. What about ICE Options (another good tool, albeit not free IIRC), is that for "privileged clients only" too?

 

[CannonTrading_Ilan]

Try our platform, has all that you need for options/ futures. All in one.

https://www.e-futures.com/futures-trading-demo.php

 

[curiosity]

CME Direct is surprisingly good and it’s free.

is CME direct available to retail clients?

 

[CannonTrading_Ilan]

is CME direct available to retail clients?

With us we would need to talk about the type of trading, risk controls, account size, strategy and more before we approve CME direct.

 

[curiosity]

Try our platform, has all that you need for options/ futures. All in one.

https://www.e-futures.com/futures-trading-demo.php

Give me more details - do you have all all strike price trading on MES or MNQ options on futures?
No platform fees monthly?
Also what is all in one fees per side for FOP MES and MNQ?

 

[curiosity]

With us we would need to talk about the type of trading, risk controls, account size, strategy and more before we approve CME direct.

So broker decides about CME direct - I see
I thought you have to contact directly to CME
is there any fees for CME direct?
Is there any fees for your in house platform?

 

[CannonTrading_Ilan]

So broker decides about CME direct - I see
I thought you have to contact directly to CME
is there any fees for CME direct?
Is there any fees for your in house platform?

yes you need a broker "behind the client" in order to set up on the CME direct.
Data fees apply and To my knowledge, CME does not charge a monthly fee for their system

Our platform is FREE and you just need to pay for data which is $12.50 per exchange for level 2 and $2.50 per exchange for level 1 ( which most option traders select)