TT - End of transactional billing w/ GFETC?

B

Bernard111

Do you confirm me -- Global Futures traders on TT transactional billing (Penson GHCO) -- that as of tomorrow August 1 all the TT accounts will be closed and the traders forced to use another platform?
 
Quote from marketsurfer:

where did you hear this??? no info here.

i bet it's just no new clients under transactional TT


thanks:eek:
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I knew of no further clients under transactional since last June; but I've just received an email about the above situation, too... :(

Maybe my volume is not enought and Penson GHCo decided to trash TT low-volume accounts?... :mad:
 
I've received another email from the Office Manager, confirming that Penson GHCO will no longer be offering the X_TRADER on transactional billing basis.

Am I the only one that will be transferred to the Strategy Runner lite platform?!...

:mad: :eek:
 
I just got the email too, I am a low volume trader also, so I do wonder if that had something to do with it. Personally, I'm leaning more towards NinjaTrader, as I know nothing about Strategy Runner lite. Any software recommendations anyone? :D
 
I suspect GHCO makes a simple calculation: if you generate at least 30 rt per day consistently you are worth as a customer since it's the same thing that paying $600 on TT fees on 1 exchange ($1.00 per trade --> $600 rt monthly), otherwise you are discontinued...
 
Quote from Triple X:

I just got the email too, I am a low volume trader also, so I do wonder if that had something to do with it. Personally, I'm leaning more towards NinjaTrader, as I know nothing about Strategy Runner lite. Any software recommendations anyone? :D
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After trading on TT feed , in terms of reliability and speed, it's difficult to accept SR on Pats as alternative @ Global Futures.

I would suggest anyone to look for a TT feed on Ninja or SR platforms or... evaluate a broker that offers TT_Trader but probably the software at the current stage is not fully debugged...or simply Velocity Futures, apparently the only FCM that still offers the transactional billing on X_Trader 7.

Now that we have a 7.4 platform fast and stable, they are forcing us to look elsewhere; simply they do not care as customers anymore.. that's all folks.
 
Yeah, I'm kinda pissed off, I stuck with GHCO and had many problems, then they finally added more servers last month. They are full of it to dump us now. Thanks Penson!:mad:
 
Quote from Triple X:

Yeah, I'm kinda pissed off, I stuck with GHCO and had many problems, then they finally added more servers last month. They are full of it to dump us now. Thanks Penson!:mad:
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Clearly Penson GHCO wants a better return on their new hardware investments.
 
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