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Reputable Broker that trades with NinjaTrader

  • #21
  • Dec 21, 2016 4:13pm Dec 21, 2016 4:13pm
Thats only true for Lmax, Fxcm and i believe CTS. Sierra has set up a dedicated FIX-Server for those. The advantage is that you dont have to meet very high minimums from these brokers. With Lmax for example you need to do 500 million per month in trading volume for a Fix-connection(or pay $2500), but not if you use Sierra. The latency is minimal since this sierra-server is proximity hosted at lmax. I dont see a problem here.

With other brokers like Interactive Brokers, trades go directly through the api. Same for TT, Rithmic etc.
  • #22
  • Dec 21, 2016 6:46pm Dec 21, 2016 6:46pm
Quoting shrike
Thats only true for Lmax, Fxcm and i believe CTS. Sierra has set up a dedicated FIX-Server for those. The advantage is that you dont have to meet very high minimums from these brokers. With Lmax for example you need to do 500 million per month in trading volume for a Fix-connection(or pay $2500), but not if you use Sierra. The latency is minimal since this sierra-server is proximity hosted at lmax. I dont see a problem here. With other brokers like Interactive Brokers, trades go directly through the api. Same for TT, Rithmic etc.
Sierra provides FIX-servers for free? Wow! How is LMAX needing to charge $2500 for the same thing? Sierra Charts is absorbing all the cost?
Make your losses in demo. Earn your profits live.
  • #23
  • Dec 21, 2016 6:55pm Dec 21, 2016 6:55pm
Quoting Forexia
{quote} Sierra provides FIX-servers for free? Wow! How is LMAX needing to charge $2500 for the same thing? Sierra Charts is absorbing all the cost?
No, Sierra connects to a Sierra-server colocated at lmax, and that server uses fix to connect to lmax. So that not each single sierra-customer needs to get a own fix connection to lmax (which can be expensive)
  • #24
  • Dec 22, 2016 6:37am Dec 22, 2016 6:37am
Quoting deltafx
{quote} If you copy, you still do not understand: "of course that trade gets sent to the broker that's supported by Sierra Charts and resides on the broker's server for it to execute" In case of sierra, trade to not go to the broker, the trade go to sierra server. What is normal: Trading client -> Broker -> Exchange What is not normal: Trading Client (Sierra) -> ***3rd party server (Sierra)*** -> Broker -> Exchange
You are getting it wrong. Sierra has no trading servers or any other type of servers that your orders go through. The only server of Sierra you connect through is the authentication one when you open the application to confirm your credentials. LMAX & FXCM are a different story.

I am currently with TT (fix). My orders on Sierra go directly to TT i.e. exchange (they get cleared later by the broker). Sierra nowhere intervenes. TT has no capability to take OCO orders on their servers from other platforms, other than xtrader or new TTweb. If I close my Sierra Charts instance, my stop orders will not be executed. Sierra only does the charting and keeps the limit/stop orders pending for me as limit orders on TT while the software is active. With TT I don't even know the current equity/balance in my account.

With Rithmic, they use the DTC bridge, because there is no Fix adapter. Rithmic supports server side OCO. If I place limit/stop orders with Rithmic on Sierra Charts and close it, I will find them inside R!Trader; again the only thing that Sierra did for me was to take orders and send them to the Rithmic server.

In any case, I agree with Forexia that Ninjatrader is a joke. Just wait until you get a serious news event and have the price stop updating for a few seconds to minutes because it can't handle the feed or wake up another morning to see some of your historical data (even the previous 1-5 days) missing because of bugs and because someone messed up their historical data server and it synchronizes with the bad data.
  • #25
  • Dec 22, 2016 6:43am Dec 22, 2016 6:43am
Quoting Forexia
{quote} Well if you are providing a trading software that I want to use, sure I wouldn't mind having my trades going through your server either but yours is not and Sierra Charts is a good trading software that I use to trade so it is normal for trades to go through their server to be executed. Anyway I don't think you understand how trading software and/or their server works and what kind of service does trading software company provide so if you don't feel comfortable that your trades go through a trading software's server, don't use a trading...
In the futures world routing through unknown server is abnormal.
Again, it is possible that Rithmic is not going through sierra server, but I read that they want everything hosted.
Anyway if you trust a sierra that much , tell me where are they located, what is their phone number, and who the ceo is: https://www.sierrachart.com/index.ph...c/support.html
  • #26
  • Dec 22, 2016 9:17am Dec 22, 2016 9:17am
Quoting deltafx
{quote} In the futures world routing through unknown server is abnormal. Again, it is possible that Rithmic is not going through sierra server, but I read that they want everything hosted. Anyway if you trust a sierra that much , tell me where are they located, what is their phone number, and who the ceo is: https://www.sierrachart.com/index.ph...c/support.html
Here is the info. about Sierra Charts: https://www.sierrachart.com/index.ph...oc/AboutUs.php

It's not that we "trust Sierra Charts so much", it's just a good, solid and reliable trading software that helped(s) us a lot in our trading venture. And also fyi, Sierra Charts does NOT give discounts, rebates or any extra stuff for referrals or recommendations. Their product and service is good enough to speak for themselves. Honestly it's only when ForexGuyNYC asked that I mentioned Sierra Charts otherwise I said nothing all except not to use Ninja Trader for real life trading.
Make your losses in demo. Earn your profits live.
  • #27
  • Dec 22, 2016 9:37am Dec 22, 2016 9:37am
Quoting Forexia
{quote} Here is the info. about Sierra Charts: https://www.sierrachart.com/index.ph...oc/AboutUs.php It's not that we "trust Sierra Charts so much", it's just a good, solid and reliable trading software that helped(s) us a lot in our trading venture. And also fyi, Sierra Charts does NOT give discounts, rebates or any extra stuff for referrals or recommendations. Their product and service is good enough to speak for themselves. Honestly it's only when ForexGuyNYC asked that I mentioned Sierra Charts otherwise I said nothing all except...
You mean the mail forwarding service address at the bottom? Last time they were in New Zealand. Invisible company, invisible address, invisible phone number with invisible (and rude) staff. No, thanks.
  • #28
  • Dec 22, 2016 12:43pm Dec 22, 2016 12:43pm
Quoting deltafx
{quote} You mean the mail forwarding service address at the bottom? Last time they were in New Zealand. Invisible company, invisible address, invisible phone number with invisible (and rude) staff. No, thanks.
Ok to each its own. Wasn't asking you to sign up with them or anything. Have fun with Ninja Trader or whatever you are using. LOL

Happy Holidays!
Make your losses in demo. Earn your profits live.
  • #29
  • Dec 22, 2016 1:33pm Dec 22, 2016 1:33pm
Quoting Forexia
{quote} Ok to each its own. Wasn't asking you to sign up with them or anything. Have fun with Ninja Trader or whatever you are using. LOL Happy Holidays!
Same to you, just don't lead the beginners to that undercover/horror experience platform.
  • #30
  • Last Post: Dec 27, 2016 5:09pm Dec 27, 2016 5:09pm
NinjaTrader Brokerage are UNAWARE of the following warning generated by their own software (NT8) for FX spot trading (via FXCM). See attached screen capture, no. 3 esp.

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