Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

marker

Different Data Feeds from Your Charting Platform Vs. Trading DOM

By marker, in Brokers and Data Feeds

Recommended Posts

marker    10

marker
Posted

I currently trade off of my Ninja charts & trading DOM that ties into my account at my broker (Mirus). A one-stop shop.

 

I want to move to a different charting software such Ensign, Sierra or Investor-RT.

Here's is my newbee confusion. I am assuming that these charting software will require me to subscribe to a data feed such as IQFeed. But these charting software do not have a trading DOM to execute trades into your account at the broker. So I am assuming, I will be using my brokers trading DOM to execute trades.

 

To me, it doesnt make sense to execute trades based on a chart that has a different data feed from the brokers trading DOM. Is there something I am missing? wont there be a difference/slippage? or the difference is so minor, its no big deal? I am thinking it is a big deal, cause 1 tick difference could mean a full stop out or not....

Share this post

Link to post
Share on other sites

sevensa    10

sevensa
Posted
I currently trade off of my Ninja charts & trading DOM that ties into my account at my broker (Mirus). A one-stop shop.

 

I want to move to a different charting software such Ensign, Sierra or Investor-RT.

Here's is my newbee confusion. I am assuming that these charting software will require me to subscribe to a data feed such as IQFeed. But these charting software do not have a trading DOM to execute trades into your account at the broker. So I am assuming, I will be using my brokers trading DOM to execute trades.

 

To me, it doesnt make sense to execute trades based on a chart that has a different data feed from the brokers trading DOM. Is there something I am missing? wont there be a difference/slippage? or the difference is so minor, its no big deal? I am thinking it is a big deal, cause 1 tick difference could mean a full stop out or not....

 

Your trades are executed on the exchange and not on your broker's servers/DOM. Your trades will be executed based on the current price on the exchange and not on what your broker's datafeed, or any other datafeed for that matter shows you. The more accurate your feed is, the closer it will match what is happening on the exchange.

Share this post

Link to post
Share on other sites

EsotericRule    10

EsotericRule
Posted

As sevensa notes, you are better off keeping your data seperate from an entity that can profit from delays and bad data...as all brokers who can take positions opposite yours can do.

 

Use data from proven data suppliers who are in no way, shape or form affiliated with banks or brokerages. They have a vested interest in maintaining the quality of data.

 

Routing your trade where any broker can see it = bad juju. Banks and brokers who trade at 'less than arms length' have a vested interest in skewing data and using all positioning information of their clients to their benefit.

 

Where there's chum in the water...there will always be sharks.

Share this post

Link to post
Share on other sites

uexkuell    10

uexkuell
Posted
Routing your trade where any broker can see it = bad juju.

 

So you think a trade can be placed at an exchange (assuming retail level) without first passing through infrastructure of a broker???

 

Sounds interesting, please explain how you think that could be accomplished.

Share this post

Link to post
Share on other sites

Tams    20

Tams
Posted
...

Routing your trade where any broker can see it = bad juju. ...

 

there are very little privacy on the internet.

you might be surprised,

but your charting software vendor knows more about your account than you realized.

 

Ninja was caught red handed a few years ago when their software was sending private information back to their server.

 

One of MultiCharts' users found his eSignal password in MC's log. Of course MC quickly promised not to do it again in the future.

 

You go figure what software can extract from your computer...

Share this post

Link to post
Share on other sites

EsotericRule    10

EsotericRule
Posted

I'm quite well aware of the 'two way mirror' that is both the internet and windows...not to mention Java aps. Think of all the money to be made from snooping on individuals settings on charts (especially if that individual is effective in the markets).

 

I found in doing a trace of the hops to TOS that one went to a group of psych. wonks closely affiliated to Euro bank establishments...and its very likely that they are employed as sockpuppets on their 'free chats' on the platform. Another time I was discussing a tech issue and another tech mistakenly enterred the chat. His 'handle'? Solomon Bros Tech.

 

Where there are large pools of money, there are always thieves....and most of them tie back to Rome.

Share this post

Link to post
Share on other sites

EsotericRule    10

EsotericRule
Posted

Sorry for that, I see what you mean.

 

I meant from the standpoint of using charting and data that they provide or have access to, and where they are able to trade against you.

 

The sole benefit of using TOS as a broker prior to their being purchased by a bank, was that they had no trading arm. One notes how long that lasted.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Go To Topic Listing

  • Topics

  • Posts

    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • analyst75
      At 45, is it a right choice to migrate to Canada?

      By analyst75 · Posted

      It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • analyst75
      Use ChatGPT? Protect Yourself Now

      By analyst75 · Posted

      This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept