Charles Schwab buying TD Ameritrade

[blakecmathis]

Anybody know what this means for the future of our platform?

 

[tomsk]

I listened to TheoTrade's broadcast this morning, seems that they have partnered with a broker that for $199 per month, enables one to have unlimited commission-free fees for futures trading. Might be good for very heavy futures traders. So for 200 futures contracts, that would just come in at about $1. Just sharing the info here, might be useful for some folks

 

[blakecmathis]

@tomsk This it? https://www.tradovate.com/pricing/

 

[tomsk]

Nope, Theotrade is not a broker - they have partnered with a broker
I believe you need to be a TheoTrade member though to qualify, just pasing info along

Here's their web site https://theotrade.com/

 

[blakecmathis]

Correct I know that I was referring to Tradovate. Hmmm it says on the Tradovate site $199/month commission free

 

[tomsk]

Correct I know that I was referring to Tradovate. Hmmm it says on the Tradovate site $199/month commission free

I wonder what would be their execution times as well as fills. My experience with TOS is that especially on volatile days, fills are a challenge and the platform literally "freezes". I've heard that other providers like Infinity and others do not have this sort of issue but I can't be 100% certain though. At the end of the day commission is one thing but the overall reliability and functionality of the broker chosen is equally as important.

 

[blakecmathis]

At least once or twice a week during big moves, candles don't appear until 5-10 seconds afterwards and active trader is 2-3 points off the actual market price. Especially running an MSI GS65 with a 1GBps connection that shouldn't be happening.