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Whats So Good About TT MD Trader?

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Whats so good about TT MD Trader? I see so many Pros using it. Why not just use NinjaTrader SuperDom with Time and Sales? Thanks.

 

I don't see any pro using it.

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The Worlds most Successful Trader uses it: Paul Rotter - aka "The Flipper"

 

other than he calling himself the most successful trader, I have never heard of him until now.

 

interesting quote from the page:

 

q: what has one to do if he wants to become a scalper?

a: he has to watch the order book for a very long time.

 

when asked for advice for the readers, Rotter says that everything can happen all the time, so you better have your toilet close to your trading desk.

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Many, many intraday discretionary traders do use TT. Obviously given the number of different depth-of-market products available on the market, there are a good number who use other systems too. But TT is widely used because it is fast, stable and well designed.

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I never heard of Trading Technologies until this thread, and took a look at their site. It seems that their focus is on speed which is achieved through Multi-threaded architecture. They also have something called TTNet TM which provides a way to connect to your broker. It looks like it's a hosting solution.

 

Also, it states that you can, "Easily distribute trading screens around the world from TTNET hubs in Chicago, New Jersey, London, Frankfurt, Singapore, Tokyo and Sydney—" I'm not sure what any of this really means, so if anyone can explain it in simple to understand language it might be interesting. The Multi-threaded architecture, I'm assuming, has to do with how the software is set up to utilize the computers processor, and manage how the processing is done.

 

The TTNet seems like they have their own internet lines? Is this something like an ISP, like RoadRunner, etc.?

 

I guess it you had a big company with people needing to see the same trading screen in different locations, that's what distributing the trading screens means.

 

I don't know that they are trying to get small retail traders business. It seems like they are geared towards financial institutions and nationwide brokers.

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I never heard of Trading Technologies until this thread, ....

 

if you have ever used a DOM for trading,

you might have wondered why nobody could make the DOM automatically centering the current price in the middle of the ladder --- that's because TT holds the patent to the "technology". They made everybody pay up a royalty fee, or remove the auto-centering feature from their DOM. I don't believe the auto-centering feature is such a ground breaking invention that deserves a patent, but the US patent office thinks differently and awarded them the patent.

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you might have wondered why nobody could make the DOM automatically centering the current price in the middle of the ladder --- that's because TT holds the patent to the "technology". They made everybody pay up a royalty fee, or remove the auto-centering feature from their DOM. I don't believe the auto-centering feature is such a ground breaking invention that deserves a patent, but the US patent office thinks differently and awarded them the patent.

 

I hate DOM centering! I click the ladder to enter an order, and the DOM centers. If I immediately click to enter a second order, and the ladder has moved, I have no idea what price my second order is going to be entered at.

 

Should we start a class action lawsuit? :rofl:

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if you have ever used a DOM for trading,

you might have wondered why nobody could make the DOM automatically centering the current price in the middle of the ladder --- that's because TT holds the patent to the "technology". They made everybody pay up a royalty fee, or remove the auto-centering feature from their DOM. I don't believe the auto-centering feature is such a ground breaking invention that deserves a patent, but the US patent office thinks differently and awarded them the patent.

Doesnt Ninja have this option? I have been using the Static mode of the DOM, where the Bid/asks go up and down the price ladder. But they also have a Dynamic mode where the price goes up and down but the bid/ask stays in place. TT and Ninja made the deal in 2005.

 

NinjaTrader Trading Technologies Agreement Announcement - NinjaTrader Support Forum

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Whats so good about TT MD Trader? I see so many Pros using it. Why not just use NinjaTrader SuperDom with Time and Sales? Thanks.

 

Through some experience with Tape reading using NT SuperDome/Time and sales and then comparing it to TT MD Trader, I think I now know the answer.(to my own question.:) )

 

In tape reading, when looking at the time and sales, we are looking at the flow of orders. Fast flow means a lot of orders got filled and slow flow means less orders got filled.

 

The problem is this:

What if 200 orders print at once? Whats it going to look like on the time and sales?

Answer: Its going to be fast flowing tape.

 

What if 400 orders print at once? Whats it going to look like on the time and sales?

Answer: Its going to be fast flowing tape.

 

You see what the problem is? You dont really know how much orders printed. It could be 200 or it could be 400 orders. .All you see is the speed. Were basically just GUESSING how much orders printed. But this is very important information that the time and sales/ Dom setup is missing.

 

TT MD Trader has this information. Its a box next to the bid/ask that shows EXACTLY how much printed at the bid or ask. No guessing! But also the location of this box is very helpful. All the information is in one spot. You dont have to look at the tape then the dom, then the tape then the dom, back and forth.

 

Basically, TT combined the Time and Sales and DOM together in a very efficient manner. So efficiently that they can charge $650/month.

 

5aa710a097a3c_MDtrader.thumb.png.d51560c9d9af9d06a850adf21cd13dc7.png

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