Who has 5 second bar charts and better comms, for ES than IB?

Bad_Badness

Bad_Badness

Hi All,

I want move from IB to another platform with better execution and or commissions. This is for ES only. (I will keep IB as a backup and for other trading strategies).

Lightspeed via Lightspeed Trader, and eFutures both have 1 minute charts as the smallest.
Other Lightspeed platforms? I am leaning towards a lightspeed solution rather AMP.

AMP and Multi charts seems to.

How about AMP and MT5 or Sierra Charts? Others?

Don't want TradeStation or NinjaTrader because I don't see any significant advantage over IB. Also I don't mind that IB is a consolidated 250ms snapshot of tick action and top of que market depth is fine.


Thanks in advance.
 
what i love about owning multicharts is all the data feeds it will take - that way you can focus on your programming and custom stuff and its always yours - brokers and data feeds come and go but your charts and studies will always look the same. its that consistency of studies and charts that will make you money in the long run.

ami broker is good also i have that and it's super versatile, never ever crashes.
 
@RobertMorse Can you confirm using LS using Eze EMS (light), for a executed trade that is:

2 contracts of ES

the "ALL IN" commissions would be the minimum of 3.00 USD per trade?

Are there fees for order changes?
Are there rebates for adding liquidity?

Thanks RM, and feel free to PM me.
 
Last edited:
MarkBrown said:
what i love about owning multicharts is all the data feeds it will take - that way you can focus on your programming and custom stuff and its always yours
More...

I do like owning the software versus subscriptions. Old school I guess. Who would you recommend to use Multicharts with as the broker? This is for trading ES only and somewhere between 50 and 100 round trips per day with a 2-6 contract orders.
Thanks MB
 
Our standard commissions are on our website. We do give volume discounts, but we do not have a schedule for futures. Our standard commissions for low volume account is $1.29/Future + costs. Based on current CME/NFA fees, that is a total of $2.54/future. Realtick has no transaction fee that we pass through to clients. All the other software do. No fee for order changes, not sure why anyone would, and no rebates for adding liquidity. The CME does not offer that.

Bad_Badness said:
@RobertMorse Can you confirm using LS using Eze EMS (light), for a executed trade that is:

2 contracts of ES

the "ALL IN" commissions would be the minimum of 3.00 USD per trade?

Are there fees for order changes?
Are there rebates for adding liquidity?

Thanks RM, and feel free to PM me.
More...
 
actually the CME does have a rebate program based on adding liquidity bu tyou must read the fine print in the excel spreadsheets to find it and it is based on average daily sides and it is a substantial discount when you get big enough and prop firms get to aggregate all trades for all traders so they sometimes can break even on trades and make a living and with almost zero fees being a break even trader is not all that difficult.
 
Thanks Robert of the responses. Two comments:
1) as for rebates, I am not knowledgeable about it, first hand or otherwise. I was just asking.
2) 2.54 per contract, all in, is a bit higher than IB at 2.10. Not a deal breaker but not optimal. The 3.00 quote comes from a footnote on EZ EMS, on the LP site, that says that 3.00 is the minimum per trade. Assuming, based on current rate the "extras" are 1.25 per contract, so a two contract trade would be 5.5 on EZ EMS (3+2.5), per side. That is getting to be too much.

Thanks for your help.
 
The $3 min is for equity and options trading on that software. It does not apply to futures.


Bad_Badness said:
Thanks Robert of the responses. Two comments:
1) as for rebates, I am not knowledgeable about it, first hand or otherwise. I was just asking.
2) 2.54 per contract, all in, is a bit higher than IB at 2.10. Not a deal breaker but not optimal. The 3.00 quote comes from a footnote on EZ EMS, on the LP site, that says that 3.00 is the minimum per trade. Assuming, based on current rate the "extras" are 1.25 per contract, so a two contract trade would be 5.5 on EZ EMS (3+2.5), per side. That is getting to be too much.
More...
 
You must log in or register to reply here.
Back
Top